Nagarro Third Quarter 2023 Earnings: EPS: €0.94 (vs €1.87 in 3Q 2022)

Simply Wall St

November 16, 2023

Nagarro (FRA:NA9) Third Quarter 2023 Results

Key Financial Results

Revenue: €241.2m (up 5.0% from 3Q 2022).
Net income: €12.6m (down 51% from 3Q 2022).
Profit margin: 5.2% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses.
EPS: €0.94 (down from €1.87 in 3Q 2022).

earnings-and-revenue-growth — DB:NA9 Earnings and Revenue Growth November 16th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nagarro Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany.

Performance of the German IT industry.

The company's shares are up 4.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Nagarro that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.