Nagarro SE ( (NGRRF) ) has released its Q3 earnings. Here is a breakdown of the information Nagarro SE presented to its investors.
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Nagarro SE is a global digital engineering company that provides technology services across various industries, with a focus on superior client experience and innovation. In its latest earnings report, Nagarro demonstrated resilient growth despite a challenging demand environment, reporting a 5.0% increase in revenue for the first nine months of 2024 compared to the same period in 2023. The company’s Q3 2024 revenue grew by 3.7% compared to Q3 2023, and its adjusted EBITDA rose by 8.1% year-over-year, reflecting effective margin management despite subdued demand. Geographically, revenue growth was strongest in Central Europe, while the Public, Non-profit, and Education sectors showed the most significant industry growth. Nagarro’s strategic focus remains on fostering strong client relationships and maintaining competitive advantage through innovative offerings, as evidenced by recent acquisitions and partnerships aimed at expanding market reach. Looking ahead, Nagarro aims to achieve a gross margin of around 30% and an adjusted EBITDA margin over 14% for the full year 2024, with a cautious outlook reflecting ongoing market uncertainties.
