Nagarro Stock Price, News & Analysis

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.

Nagarro and Arriva have launched a strategic partnership aimed at advancing the ACE (Arriva Customer Engine) platform, a digital customer platform for Arriva UK Trains. This collaboration emphasizes enhancing customer experiences and involves equal investment in intellectual capital from both partners. ACE, already widely used for ticket purchases and real-time service information, will be scaled up for greater adoption. With this initiative, Arriva aims to solidify its position as a leader in digital customer service within the transportation sector.

Nagarro, a global digital engineering leader, reported strong preliminary unaudited financial results for Q4 and FY 2022. Q4 revenue reached €231.0 million, marking a 42.6% YoY increase from €162.0 million in Q4 2021. For the full year, revenue grew to €856.4 million, a 56.8% increase. Gross profit in Q4 2022 was €66.8 million, with a gross margin of 28.9%. Adjusted EBITDA rose to €30.5 million, 13.2% of revenue. The company also maintains a 2023 revenue guidance of approximately €1,020 million, excluding acquisitions, with anticipated gross and adjusted EBITDA margins of 28% and 15%, respectively.

Nagarro reported its Q3 2022 financial results, showcasing a remarkable 63.0% year-over-year revenue growth, reaching €229.8 million. The company also saw a 9.4% quarter-over-quarter increase from Q2 2022. Nine-month revenue surged to €625.4 million, reflecting a 62.9% increase YoY. Key metrics included an adjusted EBITDA of €48.4 million and net profit of €25.7 million. Nagarro revised its 2022 revenue guidance to €850 million and gross margin expectations to 28%.

Nagarro reported strong Q2 2022 results with revenue reaching €210.0 million, a 65.0% increase YoY. Constant currency revenue growth stood at 55.7%. Gross profit rose to €60.2 million, though gross margin slightly declined to 28.7%. Adjusted EBITDA surged 111.9% YoY to €40.2 million, while net profit skyrocketed 296.3% YoY to €22.3 million. In H1 2022, revenue totaled €395.6 million, marking a 62.8% YoY growth. The company added a net of 872 professionals in Q2 2022.

Nagarro has partnered with Soravia and Google Cloud to drive digital transformation in the real estate sector. This collaboration aims to create energy-neutral cities and enhance customer experience through advanced technologies like AI and machine learning. Initially, the focus will be on developing new digital interfaces for property management and investment. The partnership leverages Soravia's expertise in sustainable project development and Nagarro's technological prowess, backed by Google Cloud’s capabilities in data analytics and IoT.