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Nagarro SE : Q3 marks a step in the right direction but visibility remains too limited
>Organic growth slowed sharply but was still a shade above expectations - Nagarro reported yesterday, before the market open, its Q3 2023 results, followed by a conference call. Q3 2023 revenues came in at € 234m, 3% above expectations, thanks to organic growth of 2.3%, 3pt ahead of our estimate (-0.6% org.). As expected, this performance reflects a clear slowdown in growth (vs 8.7% org. in Q2), linked to a further deterioration in business momentum in North America (...
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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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