Nagarro posts 63.0% YoY revenue growth in Q3 2022, Adjusted EBITDA more than doubles YoY in Q3 2022
MUNICH, Nov. 14, 2022 /PRNewswire/ -- Nagarro, a global digital engineering leader, today presented its unaudited financial numbers for Q3 2022 and released its nine-month statement. Revenue grew to
Constant currency YoY revenue growth for Q3 2022 was
EBITDA grew by
The company added a net 1,268 professionals in Q3 2022 – a number that includes trainees and lateral hires.
Today, the company also announced a further increase in its guidance for financial year 2022. Nagarro revised its estimate for 2022 revenue upwards from
Nine-month results
Nagarro's 9M 2022 revenue grew to
Nitin Arora, Director M&A, said, "While most of our growth is organic, our strong numbers also reflect the inherent strengths of Nagarro's M&A model. Our acquisitions add new capabilities, client access, new talent and, especially, great entrepreneurs. Meanwhile, our global organizational design and flat, collaborative culture mean that all these assets can be truly leveraged."
About Nagarro
Nagarro, a global digital engineering leader, helps clients become innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its approach of thinking breakthroughs. Nagarro employs over 18,000 people in 33 countries. For more information, www.nagarro.com.
FRA: NA9 (SDAX/TecDAX, ISIN DE000A3H2200, WKN A3H220)
For inquiries, please contact press@nagarro.com
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SOURCE Nagarro