Nagarro SE (OTCPK:NGRRF)

Q3 2024 Nagarro SE Analyst Earnings Call Transcript

Nov 14, 2024 / 12:00 PM GMT

Release Date Price: $95.48 (+0.64%)

Transcript

Key Points

Positve

Nagarro SE (NGRRF) reported a robust Q3 2024 performance despite no clear recovery in demand for digital IT services.
Revenue growth in Q3 was 5.6% year-on-year in constant currency, indicating resilience in a challenging market.
Operating cash flow improved significantly to EUR 64.9 million for the nine months of 2024, up from EUR 61.7 million in the same period of 2023.
The company successfully acquired new clients and maintained loyalty among existing clients.
Nagarro SE (NGRRF) issued revised guidance for 2024, projecting approximately EUR 960 million in revenue for the full year in constant currency terms.

Negative

There was a slight decrease in the net promoter score to 59, although it remains a strong number.
The company experienced pressure on margins in Q3, despite implementing cost-optimizing measures.
Revenue growth has moderated due to a slow demand environment, with a quarter-on-quarter growth of only 0.5% in constant currency.
The horizontal tech industry segment faced challenges, with a year-on-year decline of 11.3% in Q3 2024.
The company noted a lack of broad recovery in client spending, with no significant rebound in demand anticipated in the near term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NA9n.DE - Nagarro SE
Q3 2024 Nagarro SE Analyst Earnings Call
Nov 14, 2024 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon to everyone. Welcome to Narro Sesq 3 2024 earnings call.

My name is Michael Knapp and I'm part of the investor relations team at Igara. I'm delighted to moderate today's call.

You should have received a copy of the earnings release for Naga's third quarter, 2024 results.

If you have not received the press release, you can find a copy along with today's presentation in the Investor relations section of Darag dotcom, representing Narro on the call. Today are Manus human cofounder and custodian of entrepreneurship in the organization. Gain Bakshi custodian of Strategic Finance and head of Investor relations.

Before I pass you over to manus. I'd like to remind those listening that some of the

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