Strong Q3 Revenue Growth
Revenue growth reached 9.4% year-over-year at constant currency, tracking to the guidance provided earlier, demonstrating business model strength despite macroeconomic challenges.
Profitability Outperformance
Gross margins came in at 33.1%, over 300 basis points better than guidance. Adjusted EBITDA margins were over 17%, the highest level since 2022, reflecting efficiency measures.
Share Buyback Program
Nagarro announced extinguishing approximately 75% of treasury shares and buying back EUR 20 million worth of stock, indicating confidence in the company's long-term outlook.
Sustainability Rating Improvement
Nagarro's sustainability commitment was validated by an EcoVadis Gold Star rating, placing it in the top 5% of assessed companies.