Q1 2026 Nagarro SE Earnings Call Transcript
Key Points
- Nagarro SE (NGRRF) reported a revenue growth of over 6% year-on-year in constant currency, aligning with their 2026 guidance.
- The company has made significant investments to strengthen its CXO level consulting capabilities, evolving towards a more advisory-led approach.
- Nagarro SE (NGRRF) completed four acquisitions in 2025, expanding its capabilities and client base.
- The company has actively expanded partnerships with leading players in AI transformation, enhancing its service offerings.
- Nagarro SE (NGRRF) reported a high CSAT score of 92.7% and a healthy NPS of 65%, indicating strong client satisfaction and loyalty.
- The Q1 adjusted EBITDA margin was 12.6%, below the target for 2026, primarily due to fewer working days.
- Cash flow from operating activities showed a decrease, with a cash outflow of EUR0.3 million compared to an inflow in the previous year.
- Days of sales outstanding increased from 82 days to 86 days, indicating slower collections.
- The number of accounts generating more than EUR1 million dipped slightly, attributed to the completion of several implementation-led programs.
- The company faces challenges in converting EBITDA into real cash flow, particularly due to lumpy US public sector collections.
Good afternoon, everyone, and welcome to Nagarro SE's Q1 2026 earnings call. (Operator Instructions)
With that, it is my pleasure to hand over to Michael.
Great. Thank you, Carla, and good afternoon, everyone. My name is Michael Knapp, and I'm part of the Investor Relations team at Nagarro. If you have not yet received a copy of our Q1 2026 earnings release, you can find it as well as a copy of our quarterly statement and today's presentation in the Investor Relations section at nagarro.com. Joining me today is Manas Human, our Co-Founder and Custodian of Entrepreneurship.
Manas and I will be covering the results and strategic updates for the quarter. Before we begin, please note that some statements made during this call may be forward-looking and are subject to risks and uncertainties as outlined in our financial reports. Additionally, please refer to the quarterly statement for important information regarding non-IFRS measures.
With that, I'm pleased to hand you over to Manas.
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