contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Frans-Mikael Rostedt

Gofore operates in the IT sector. The company specializes in offering digital solutions and consulting in lead and process design, as well as cloud-based solutions. The greatest knowledge is found in the construction and development of software systems and associated project management. The company's customers are found among corporate customers and institutions. The largest operations are found around the European market.

Here are Joni’s comments regarding this recent news about Gofore.  Gofore announced on Wednesday that its DACH region subsidiary has won a significant framework agreement with the ITZBund (Information Technology Center of the German Federal Government). The annual value of the agreement is estimated by Gofore to be several million or even 5 MEUR, making it a strategically significant entry into the German public sector. The agreement does not lead to immediate changes in our forecasts, but it strengthens our confidence in the company’s 2026 growth forecasts and the organic turnaround of the DACH region after challenging years.                   Inderes              Goforelle tärkeä julkisen sektorin voitto strategisella DACH-alueella - Inderes    Sopimuksen vuotuinen arvo on Goforen arvion mukaan useita miljoonia tai jopa 5 MEUR, mikä tekee siitä strategisesti painavan päänavauksen Saksan julkisella sektorilla.

More good news from the sales front; the DACH team is gaining a foothold at the German federal level                   Gofore              Gofore DACH solmi merkittävän agile-sopimuksen Saksan liittovaltion...    Gofore DACH on voittanut puitesopimushankinnan Saksan liittovaltion hallituksen IT-keskuksen, ITZBundin, kanssa. Sopimuskausi on neljä vuotta, ja kilpailutetun työpäivien määrän perusteella sen arvo voi Goforen arvion mukaan olla useita miljoonia,...

Here are Joni’s comments regarding this recent news.  Gofore announced on Monday that the City of Espoo has selected the GoforeNostrum consortium as the primary provider for expert services related to digital transformation support. The contract has a duration of seven years, and its estimated total value over the entire contract period is approximately 44 MEUR. The contract does not lead to changes in forecasts, as this is a re-tendering. However, this strengthens our confidence in the company’s competitiveness in the highly competitive public sector, and it brings continuity especially in important re-tenderings. On the other hand, the margin structure of the re-tendering can be assumed to be the previous contract per                   Inderes              Goforelle tärkeä uudelleenkilpailutus päättyi voittoon - Inderes    Seitsemänvuotinen ja 44 miljoonan euron sopimusvoitto Espoosta turvaa tärkeän asiakkuuden jatkuvuuden.

These public procurement tenders are always interesting, when Gofore, with an annual turnover of just under 200 million euros, forms a consortium with Nostrum to land a 7-year, 44 million euro deal (no minimum purchase obligation) with the city. What is Nostrum? Apparently, the company was founded just under a year ago, and any billing accumulated during its history likely originated—lo and behold—from a City of Espoo project (completely speculative). This, in turn, probably relates to Silver Planet, which Gofore acquired back in the day, regarding the founder. One could infer that Nostrum offers something so significant for the procurement solution that the consortium was put together for that reason and was decisive for the win. I wonder how tight the race was in terms of points and who was left on the reserve list or left biting the dust. The public sector certainly has an interesting way of buying services.  Great continuity for Gofore, of course, as the deal has probably been quite significant before as well and provides interesting work for many experts for years to come.

Good news from the public sector!                  Gofore              Sisäpiiritieto: Espoon kaupunki valitsi GoforeNostrum-ryhmittymän...    2.3.2026 16:15:00 EET | Gofore Oyj | Sisäpiiritieto Gofore Oyj PörssitiedoteSisäpiiritieto2.3.2026 klo 16.15 Sisäpiiritieto: Espoon kaupunki valitsi GoforeNostrum-ryhmittymän digitransformaation tuen asiantuntijapalveluiden ensisijaiseksi...

Gofore              Suurimmat osakkeenomistajat - Gofore                              Proprius Partners and Pyysing increased in February.

SEB reiterates the 17-18e fair value range. There is potential here.                   research.sebgroup.com              SEB Research                              Joni also says that there would be potential for 14.5 euros or, according to the cash flow calculation, 16.4 euros.                   Inderes              Gofore Q4'25: Nyt on suhteellisen hyvä oston paikka - Inderes    Goforen Q4-luvut ja osinko olivat linjassa odotuksiimme. Lisäksi yhtiön markkinakommentit olivat positiiviset ja lisäävät luottamusta tuloskäänteeseen, vaikka yhtiö ei perinteiseen tyyliinsä ohjeista kuluvaa vuotta.

Gofore

Witted Megacorp is an IT consulting company. The company offers a wide range of consulting services and IT solutions, mainly services related to project and business development. The solutions are used by a number of corporate customers in various sectors. In addition to the main business, various ancillary services are offered. The largest operations are found in the Nordic market.

Harri’s comment really boosted the share price  Well, maybe the 4% better monthly operating result also helped

In February, Witted slightly exceeded Inderes’ forecasts regarding revenue, €4.8m vs €4.7m, and fell short by one in the number of experts (366 vs 367). Organic growth was thus a pleasing 4.7%, with total growth being slightly over 10%.                   Inderes              Witted Megacorp Oyj:n liiketoimintakatsaus 1.2.-28.2.2026: Helmikuun...    Witted Megacorp Oyj, Yhtiötiedote, 10.3.2026 kello 16.15Helmikuu 2026Wittedin liikevaihto oli 4,8 (4,4) miljoonaa euroa helmikuussa 2026. Konsernin viimeisimmän 12 kuukauden (LTM) liikevaihto...                             We also estimate that our cautiously positive market outlook will continue, although increased geopolitical uncertainty is being closely monitored. For some of our customers, the rise in fuel prices has a negative impact either directly (e.g., travel and logistics sector customers) or indirectly through consumers’ fear of inflation (e.g., retail). There are also companies in our customer base that perform better in uncertain times or amidst rising energy prices, so the outlook for customer demand is not entirely black and white. We have not yet observed a concrete change in purchasing behavior among our customers, and new sales in February were at the level of the previous year.

I can’t say how the multiples will develop. Instead, profitability is developing well, and that’s where the improvement will come from. In my opinion, Q4 was already promising, but it will improve during 2026 as the changes already made start to show. Then, if Witted manages to continue the revenue growth that started last year, it will be reflected in the bottom line.

Hi Harri! Would you like to elaborate on what you base that belief on? Will Witted improve its profitability so much this year that the share price doubles along with it? Or will the market realize this year that Witted is actually such a good company that its valuation multiples could double?

Damn it, I’ve left some kind of ‘CEO filter’ on in these replies and it’s turning clear thoughts into corporate mush. During investor training sessions, all sorts of ‘key locks’ were installed. Sorry @Putti, I’ve switched it off now.  → I believe Witted can double its share price during this year. If it doesn’t, I’ll be somewhat surprised. H

Hi Putti, Nice that you’re sending me questions even though I’ve been off skiing for 6 months already =D. Greetings from Lahti, where the Cross-Country Skiing World Cup is taking place this weekend. I always answer when asked →   ”Long-term potential  Looking at Witted today through the eyes of an owner, what do you think is a realistic scale for the company in a perspective of a few years? Do you still see a clear opportunity for significant growth despite the current market situation?”  → Yes, I still see good opportunities for growth. The market is not structurally limited. The amount of code in the world is growing at a massive rate. Although productivity is improving at a frantic pace, it hasn’t led to the number of new projects staying the same – on the contrary – more software is being created in the world than ever before. By the way, here’s a picture that’s been circulating on social media and depicts quite well what the world looks like through the eyes of technical people:   (Statistics circulating on social media)  ”Competitive advantage Witted has spoken a lot about the freelancer network model and its scalability. How strong do you see this as a competitive advantage relative to traditional consulting firms in the long term, amidst the AI disruption?”  → In my opinion, the company is in an exceptionally strong position. One key advantage of the network model is that capacity can be increased without the organization’s size growing at the same rate. If demand grows, the bottleneck almost always shifts to talent. In that situation, the network model can be really strong. We saw this model working well back when the company was growing rapidly during its first ten years.  ”Market cycle The IT consulting market has been quite soft in recent years. Do you see the current situation more as a normal cycle, or has some more structural change occurred in the industry?”  → During this 6-month skiing holiday, I wrote my master’s thesis (gradu) on this subject, so the theme has been quite close to me lately. Based on the data, demand weakened rapidly during 2022–2024, but the basic business models of the companies did not change. The companies’ own interpretation of the situation has been mainly cyclical. So it looks more like a market cycle correction than a structural disruption of the industry. (9/10 Finnish listed IT service companies interviewed - Tieto declined the interview)  ”Valuation from an owner’s perspective Without, of course, commenting on the exact share price, how do you see Witted’s position relative to other Nordic IT consulting companies when looking at growth potential, scalability, and long-term profitability? Is there something in the Witted story that the market might not yet fully price in?”  → Valuation levels have come down across the board for IT service companies. I used to get quite a bit of pressure when Witted’s valuation dropped, but in hindsight, it’s clear it wasn’t just about Witted, but the direction of the entire industry. My own view is that current market levels don’t really believe in Witted’s potential. I do. I believe Witted still has very good years ahead. Best regards, Harri

Hi @Harri_Sieppi! Now that you are no longer in operational management, but remain one of the largest shareholders, it would be interesting to hear your thoughts on Witted specifically from a shareholder’s perspective. A few things would be particularly interesting:   Long-term potential  Looking at Witted today through the eyes of an owner, what do you think is a realistic scale for the company in a few years’ perspective? Do you still see a clear opportunity for significant growth despite the current market situation?   Competitive advantage  Witted has talked a lot about the freelancer network model and its scalability. How strong do you see this as a competitive advantage in the midst of the AI transformation compared to traditional consulting firms in the longer term?   Market cycle  The IT consulting market has been quite soft over the last few years. Do you see the current situation more as a normal cycle, or has there been some more structural change in the industry?   Valuation from a shareholder’s perspective  Without, of course, commenting on the exact share price, how do you see Witted’s position relative to other Nordic IT consulting companies when looking at growth potential, scalability, and long-term profitability? Is there something in Witted’s story that the market perhaps hasn’t fully priced in yet?   I would greatly appreciate it if you could share your thoughts as much as possible from an owner’s perspective. Thanks in advance!

Witted Megacorp

Witteds finansdirektör Saara Ukkonen har sagt upp sig och tillträder som finansdirektör för Gofore. 


Automatisk &#xf6;vers&#xe4;ttning: Ursprungligen publicerad p&#xe5; finska 2025-12-19 05:45 GMT. Ge feedback <a href="https://forms.office.com/e/Q3HWRqeAY2">h&#xe4;r</a>.Witteds finansdirekt&#xf6;r Saara Ukkonen har sagt upp sig och kommer att tilltr&#xe4;da som finansdirekt&#xf6;r f&#xf6;r Gofore. Ukkonen tilltr&#xe4;der som f&#xf6;retagets nya CFO och medlem av ledningsgruppen senast den 1 april 2026, vilket g&#xf6;r &#xf6;verg&#xe5;ngen kontrollerad f&#xf6;r Witted. Vi anser att Ukkonen har gjort ett bra jobb med att utveckla Witteds ekonomiska processer och marginal i en sv&#xe5;r marknadssituation, och &#xf6;verg&#xe5;ngen till Gofore, som &#xe4;r betydligt st&#xf6;rre, &#xe4;r ett logiskt steg i hennes karri&#xe4;r. Vi ser ingen dramatik bakom &#xf6;verg&#xe5;ngen f&#xf6;r Witteds del och Gofore f&#xe5;r enligt v&#xe5;r mening en kompetent CFO i Ukkonen. Witteds ledning har nyligen genomg&#xe5;tt betydande f&#xf6;r&#xe4;ndringar, d&#xe5; VD:n byttes ut under h&#xf6;sten. Detta skapar en viss diskontinuitet i f&#xf6;retagets utveckling, men den nya VD:n Markus Huttunen har enligt v&#xe5;r mening redan kommit v&#xe4;l in i f&#xf6;retaget. Witted har inlett s&#xf6;kandet efter en ny CFO. F&#xf6;r&#xe4;ndringarna p&#xe5;verkar varken v&#xe5;ra estimat eller v&#xe5;r st&#xe5;ndpunkt f&#xf6;r f&#xf6;retagen.

Inderes

<ul><li>Witteds CFO Saara Ukkonen har sagt upp sig för att bli CFO på Gofore senast den 1 april 2026, vilket anses vara ett logiskt karriärsteg.</li><li>Ukkonen har framgångsrikt utvecklat Witteds ekonomiska processer och marginaler i en utmanande marknadssituation.</li><li>Witteds ledning har nyligen genomgått förändringar, inklusive en ny VD, vilket skapar viss diskontinuitet, men påverkar inte företagets framtidsutsikter enligt analysen.</li><li>Witted har påbörjat sökandet efter en ny CFO, men förändringarna påverkar inte analytikerns estimat eller ståndpunkt gällande företagen.</li></ul>Detta innehåll är skapat av AI. Du kan lämna feedback om det på Inderes <a href="https://forum.inderes.com/t/inderes-fi-sisallon-kehitysideat/71/last">forum</a>.

Witteds CFO går över till Gofore

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