Nagarro Achieves 6.3% YoY Revenue Growth in H1 2024 Amid Global Challenges

• Nagarro reported a 6.3% YoY revenue growth in constant currency for H1 2024 despite global macroeconomic challenges.
• Q2 2024 revenue grew to €244.1 million, a 7.6% YoY increase from €226.8 million in Q2 2023.
• Gross profit in Q2 2024 was €73.3 million using the current method and €62.4 million using the previous method, compared to €57.5 million in Q2 2023.
• Adjusted EBITDA for Q2 2024 increased to €35.5 million (14.5% of revenue) from €28.9 million (12.8% of revenue) in Q2 2023.
• H1 2024 revenue grew to €482.4 million, a 5.7% YoY increase from €456.4 million in H1 2023, with a constant currency revenue growth of 6.3%.
• The cash balance increased by €11.3 million from December 31, 2023, to €121.4 million on June 30, 2024.

The price of Nagarro at the time of the news was 79,55EUR and was up +0,16 % compared with the previous day.
At this time, the index SDAX was at 13.676,90PKT (+0,14 %).

Nagarro

-0,13 %

+3,16 %

-0,13 %

-4,76 %

+12,01 %

-52,17 %

+8,84 %

+8,84 %

-10,58 %

ISIN:DE000A3H2200WKN:A3H220

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