Welcome to our dedicated page for Nagarro news (Ticker: NGRRF), a resource for investors and traders seeking the latest updates and insights on Nagarro stock.
Nagarro SE reports news about its global digital engineering and technology consulting business, including audited and unaudited financial results, revenue growth, gross profit, Adjusted EBITDA, guidance, and client concentration metrics. Company updates also cover capital actions such as share redemption and buybacks, governance changes involving the Management Board and finance leadership, and matters affecting margins such as foreign exchange effects and labor-related obligations.
Recurring business developments include enterprise AI adoption, generative AI services, responsible deployment of OpenAI technologies, and strategic expansion in technology services. Nagarro's announcements also describe its work in quality engineering, digital commerce, retail, consumer packaged goods, and enterprise consulting for large organizations.
Nagarro, a global digital engineering leader, reported strong financial results for FY 2024, with revenue reaching €972.0 million, marking a 6.6% year-over-year growth. The company achieved a constant currency growth of 7.2%.
Key financial highlights include:
- Gross margin improved to 30.4% under new accounting method
- Adjusted EBITDA increased to €146.5 million from €126.1 million
- EBITDA margin expanded to 15.1% from 13.8% in 2023
- Cash balance strengthened to €192.6 million from €110.1 million
The company maintained a workforce of 17,695 professionals by year-end. Despite macro headwinds, COO Vikram Sehgal expressed satisfaction with 2024's performance and confidence in 2025's start. The audited annual report and Q1 2025 statement will be released on May 15, 2025.
Nagarro (NGRRF) has announced the strategic business transfer of Notion Edge France, an SAP gold partner specializing in SAP Customer Experience (CX) suite. The acquisition strengthens Nagarro's CX capabilities and expands its market presence in France and Africa.
Notion Edge France brings expertise in delivering end-to-end SAP-enabled solutions across retail, CPG, B2B manufacturing, and digital commerce sectors. The transfer enhances Nagarro's portfolio of customized end-to-end CX solutions, combining Notion Edge's specialization in SAP CX, BTP, and FSM with Nagarro's capabilities in SAP S/4HANA ERP.
The strategic move aims to deliver integrated services ranging from consulting and implementation to maintenance and licensing, strengthening Nagarro's position in offering intelligent customer experiences across digital commerce, customer service, sales automation, marketing, and AI solutions.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Nagarro, a global digital engineering leader, announced its audited financial results for 2022, reporting a revenue of €856.3 million, up 56.8% year-over-year. The fourth quarter revenue reached €231.0 million, marking a 42.5% YoY increase. Gross profit for Q4 2022 was €66.8 million with a gross margin of 28.9%. Adjusted EBITDA grew to €30.9 million, representing 13.4% of revenue in Q4 2022. Net profit for the same period rose to €15.4 million, compared to €8.3 million in Q4 2021. Additionally, the Supervisory Board approved a share buyback program of up to €30 million.