Nagarro posts 65.0% YoY revenue growth in Q2 – QNT Press Release


MUNICH, Aug. 12, 2022 /PRNewswire/ — Nagarro, a global digital engineering leader, today presented its unaudited key financial numbers for Q2 2022 (April 1 to June 30, 2022) as part of its half-yearly financial report 2022. Nagarro carried over its revenue momentum from Q1 2022 into Q2 2022. Demand continued to be strong and appeared unaffected by the looming possibility of a slowdown in the economy. Revenue grew to €210.0 million in Q2 2022, up 65.0% YoY from €127.3 million in Q2 2021, and up 13.2% QoQ from €185.5 million in Q1 2022.

Constant currency YoY revenue growth for Q2 2022 was 55.7%. Gross profit increased to €60.2 million in Q2 2022 from €38.0 million in Q2 2021. Gross margin dropped to 28.7% in Q2 2022 from 29.9% in Q2 2021. Adjusted EBITDA grew by 111.9% YoY to €40.2 million (19.1% of revenue) in Q2 2022, from €19.0 million (14.9% of revenue) in Q2 2021.

EBITDA in Q2 2022 grew by 156.2% YoY to €39.4 million, from €15.4 million in Q2 2021. The main EBITDA adjustment was …

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