Report
Nicolas David

Nagarro SE : Excellent Q2 results. 2022e guidance reiterated but now cautious

>Q2 2022 organic growth topped our forecasts - On Friday, Nagarro reported very favourable Q2 2022 results. Sales came to € 210m,; 5% above our expectations, up 65% y-o-y of which 56% y-o-y at cc. According to our estimates, the M&A impact on group sales stands at 13 points (acquisition of RipeConcepts and Techmill Global). We estimate Q2 organic growth at around 45% in line with the Q1 trend (+44%). This growth level outstrips our estimates (+58% y-o-y, of which +39...
Underlying
Provider
Oddo BHF
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.

Analysts
Nicolas David

ResearchPool Subscriptions

Get the most out of your insights

Get in touch