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Nagarro SE : A second significant warning on FY 2023 which leads us to cut our rating to Neutral
>Another significant profit warning on FY 2023 guidance - Last Friday evening, ahead of its Q2 earnings release, scheduled today, Nagarro announced in a concise press release, a significant downward revision of its 2023 guidance. Indeed, due to unfavourable currency fluctuations and, above all, downscaling in a few projects, Nagarro has lowered its revenue forecast for 2023 by -3%, and now expects revenue of € 915m, up 7% and 3% below pre-release market expectations, ...
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Nagarro
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Nicolas David
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