Nagarro Reports 6.6% Revenue Growth for FY 2024

Nagarro SE, a global leader in digital engineering, has disclosed preliminary financial results for the fiscal year ending December 31, 2024. The company's revenue increased by 6.6%, reaching €972 million, compared to €912.1 million in 2023. In constant currency terms, the revenue growth was recorded at 7.2%. Adjusted EBITDA surged by 16.2%, standing at €146.5 million, resulting in an improved margin of 15.1% from 13.8% a year earlier.

The company's gross margin for 2024 was 30.4%, with gross profit rising to €295.8 million under the revised financial reporting methods. Nagarro’s cash reserves increased to €192.6 million by the end of 2024, while loans and borrowings rose to €329.6 million. The year ended with 17,695 professionals employed by the company.

Nagarro plans to release its audited annual report for 2024 and unaudited Q1 2025 statement on May 15, 2025. Vikram Sehgal, COO and co-founder, expressed satisfaction with the results despite global economic challenges.