Nagarro SE : Q2 results slightly below our estimates but all FY guidance reiterated
>Q2 results slightly below our expectations but growth continues to improve - Q2 revenue of € 244.1m, up 7.6% y-o-y (up 7.2% at cc), -2% below our expectations (vs ODDO BHF: € 248.8m; css: unreliable) which implies organic growth of 3.6%, -110bp below our estimates (ODDO BHF: 4.7% org.) even if accelerating sharply vs last quarter (Q1 2024 at -0.4% y-o-y org).Gross profit of € 73.3m (according to a new calculation, not comparable to last year and to our own esti...
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.
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