Revenue Growth
Nagarro's Q3 revenue grew 5.6% year-on-year in constant currency and 3.7% in euro terms. Organic growth was 5% in constant currency.
Cash Flow Improvement
Operating cash flow improved to EUR 64.9 million for the first 9 months of 2024, compared to EUR 61.7 million for the same period in 2023.
Increase in High-Value Accounts
Accounts generating over EUR 1 million in revenue increased to 186 from 176 in the previous year.
Strong Performance in Public, Non-Profit and Education
This segment grew 38.8% and was the top-performing industry.
North America Growth
North America grew by 9.5% year-on-year in Q3.
Cash Balance Increase
Nagarro ended the quarter with a cash balance of EUR 141 million.
Strategic Acquisitions
Acquisition of FWD View in the UK enhances Nagarro's portfolio in the financial services sector.