Q1 '24: Nagarro Posts Profitable Growth in Earnings Announcement

• Nagarro SE announced its Q1 2024 results, with revenue growing to €238.3 million, up 7.6% QoQ and 3.8% YoY.
• Organic QoQ revenue growth for the quarter was 7.4% in Euro terms and 8.6% in constant currency.
• Gross profit grew to €63.9 million (as per the previous method) and was €73.6 million (as per the current method) in Q1 2024.
• Adjusted EBITDA grew by €7.8 million from €31.4 million in Q1 2023 to €39.2 million in Q1 2024.
• Operating cash inflow in Q1 2024 rose to €25.9 million from €17.0 million in Q1 2023.
• The company reduced 145 professionals (net) in Q1 2024 to 18,268.

The price of Nagarro at the time of the news was 72,78EUR and was up +0,76 % compared with the previous day.
10 minutes after the article was published, the price was 73,30EUR this corresponds to a plus of +0,72 % since publication.
At this time, the index SDAX was at 14.876,11PKT (+0,02 %).

Nagarro

-1,80 %

-1,73 %

+15,70 %

-7,71 %

+3,06 %

-7,66 %

+19,64 %

+19,64 %

-2,67 %

ISIN:DE000A3H2200WKN:A3H220

• Intraday
• 5 Tage
• 1 Monat
• 3M
• 1 Jahr
• 3J
• 5J
• 10J
• Max