Digital Workforce quickly raised its turnover guidelines

IT service company Digital Workforce raised its guidelines thanks to a favorably developed order flow, the company listed on the Helsinki Stock Exchange informs.

Digital Workforce estimates that turnover will increase by 27-37 percent this year compared to last year. The company previously expected at least 15 percent growth.

Regarding adjusted EBITDA, the guidance remained unchanged. The company expects adjusted EBITDA to be 7–13 percent of turnover.

According to Digital Workforce, the company has made gains in the healthcare business and sales of agent-based AI products have increased. Agent-based artificial intelligence products refer to artificial intelligence applications that are able to plan and perform tasks and not just answer questions.

The company announced in July that it would buy Front AI Oy:n AI agent-based customer service business. The company believes that the acquisition will bring synergies that will already have a positive effect on this year’s revenue growth.

The company’s turnover already increased by 45 percent in January–March. Adjusted EBITDA was 0.5 million euros at that time, or seven percent of turnover.