Germany · Delayed Price · Currency is EUR Nagarro SE Earnings Call Transcripts
Fiscal Year 2025
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Q3 2025 delivered strong revenue growth and record margins, driven by operational improvements and disciplined capital allocation. Guidance is maintained, with a bullish medium-term outlook fueled by AI adoption and digital transformation, despite ongoing FX and macro headwinds.
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Q2 2025 saw moderate growth and strong operational efficiency, with revenue of EUR 252 million and a 33.2% gross margin, though currency losses impacted EBITDA. Full-year guidance was revised to the lower end, with continued focus on AI, diversification, and strategic initiatives.
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Q2 2025 saw revenue of EUR 252 million and strong gross margin gains, though FX losses masked underlying improvements. Full-year revenue is expected at the lower end of guidance, with adjusted EBITDA margin revised down due to currency impacts. Strategic initiatives in AI, Japan, and SAP are progressing.
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Q1 saw EUR 247M revenue and 12.2% Adjusted EBITDA margin, with underlying strength masked by deferred revenue and negative currency effects. Diversification, new partnerships, and capital initiatives support stable guidance and future growth.
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Q1 2025 saw revenue of EUR 247 million and an adjusted EBITDA margin of 12.2%, with underlying performance stronger than reported due to deferred revenue and currency impacts. Strategic growth initiatives are underway, and 2025 guidance is maintained.
Fiscal Year 2024
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Q3 2024 saw modest revenue growth and strong cash flow, with top performance in Public, Non-Profit & Education and North America. Guidance for 2024 was revised, with no outlook beyond this year due to ongoing demand uncertainty. Analyst consensus is now the reference for future expectations.
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Q3 2024 delivered solid revenue and cash flow growth despite a slow demand environment, with strong performance in public nonprofit and education and a notable recovery in North America. Guidance for 2024 remains cautious, with future outlooks aligned to analyst consensus due to ongoing market uncertainty.
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Q2 2024 delivered moderate revenue and margin growth, with strong client retention and ongoing expansion in key regions. Demand recovery is anticipated but remains uncertain, and the company maintains its 2024 guidance while focusing on operational improvements and strategic initiatives.
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Q2 and H1 showed solid growth with revenue up 7.6% year-over-year and strong client satisfaction. Guidance for 2024 remains unchanged, with management cautious on demand recovery timing but optimistic about future AI-driven opportunities.