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Nagarro SE : Q1 organic growth ahead of our forecasts. 2022 guidance reiterated
>Strong organic growth in Q1 2022 - Nagarro reported excellent Q1 2022 results on Friday. Sales grew by 60% y/y to € 186m. On our estimates, the M&A impact on group sales was 11pts (acquisitions of RipeConcepts and Techmill Global) and the fx impact was 6pts. We estimate Q1 organic growth at around 43%. This was a very solid performance, above organic growth in Q4 2021 (+40%) and full-year guidance (c. 30%) and ahead of our forecast (+53%, of which +38% org.). On an o...
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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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