Nagarro Announces Audited Financial Results for 2022 and Share Buyback

Global digital engineering leader Nagarro has released its audited financial results for 2022 and its Annual Report for 2022. The company reported revenue of €231.0 million in Q4 2022, a YoY increase of 42.5% from €162.0 million in Q4 2021.

The FY 2022 revenue was €856.3 million, indicating a YoY revenue growth of 56.8%. The constant currency growth in annual revenue was 48.0%, and the constant currency organic growth in annual revenue was 39.3%.

Nagarro releases audited financial results for 2022, announces share buyback

For Q4 2022, the constant currency YoY revenue growth was 33.4%, while the constant currency YoY organic revenue growth was 27.5%. The gross profit grew to €66.8 million in Q4 2022 from €42.3 million in Q4 2021, with a gross margin increase to 28.9% in Q4 2022 from 26.1% in Q4 2021.

The adjusted EBITDA increased from €20.5 million (12.6% of revenue) in Q4 2021 to €30.9 million (13.4% of revenue) in Q4 2022, while EBITDA grew from €18.3 million in Q4 2021 to €30.7 million in Q4 2022. EBIT increased from €10.9 million in Q4 2021 to €21.7 million in Q4 2022, and net profit increased from €8.3 million in Q4 2021 to €15.4 million in Q4 2022.

Operating cash flow in Q4 2022 increased to €36.8 million from €22.9 million in Q4 2021, with Days of sales outstanding dropping to 69 on December 31, 2022, from 71 on December 31, 2021, and from 79 on September 30, 2022.

In 2022, Nagarro‘s revenues grew to €856.3 million from €546.0 million in 2021, with a growth rate of 56.8%. The gross profit grew to €247.1 million in 2022 from €154.4 million in 2021, while the gross margin increased from 28.3% in 2021 to 28.9% in 2022.

The adjusted EBITDA grew 86.3% from €79.7 million (14.6% of revenue) in 2021 to €148.5 million (17.3% of revenue) in 2022, and EBITDA increased from €70.3 million in 2021 to €145.6 million in 2022. EBIT increased from €45.7 million in 2021 to €112.4 million in 2022, and net profit increased from €30.0 million in 2021 to €77.3 million in 2022.

Furthermore, the Supervisory Board of Nagarro SE approved a share buyback program, authorizing the purchase of Nagarro shares for up to €30 million. Nagarro added a net of 163 professionals in Q4 2022, including trainees and lateral hires.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

ATCS and Nagarro join forces

Nagarro estimates 2022 revenue grew 48% over 2021 in...

Nagarro, a global digital engineering leader, today announced its preliminary unaudited financial numbers for its fourth quarter...
Nagarro reaches the milestone of 15,000 colleagues

Nagarro posts 63.0% YoY revenue growth in Q3 2022,...

Nagarro, a global digital engineering leader, today presented its unaudited financial numbers for Q3 2022 and released...
Nagarro posts 65.0% YoY revenue growth in Q2

Nagarro posts 65.0% YoY revenue growth in Q2

Revenue grew to €210.0 million in Q2 2022, up 65.0% YoY from €127.3 million in Q2 2021Revenue...
ATCS and Nagarro join forces

Nagarro recorded annual revenue growth of 26.9% to reach €546.0 million...

·       YoY revenue growth of 60.3%, QoQ/sequential revenue growth of 14.5% ·       YoY adjusted EBITDA growth of 56.1% ·       Net addition of...
Annual Report 2021: A year of acceleration for digital engineering leader Nagarro

Annual Report 2021: A year of acceleration for digital...

Revenues grew 28.6% in constant currency YoY; Adjusted EBITDA is 14.6% of revenueNet addition of over 5,000...

LATEST NEWS

WPL 2025: Delhi Capitals Women vs Gujarat Giants Women – Preview, Prediction and Where To Watch The Match LIVE

The 10th match of the WPL 2025 season will see Delhi Capitals take on Gujarat Giants on February 25, marking their first encounter of...

Champions Trophy 2025: Australia vs South Africa – Preview, Prediction and Where To Watch The Match LIVE

The Champions Trophy 2025 has captivated cricket fans with a series of thrilling encounters so far. Continuing the excitement, Match 7 promises a riveting...

WPL 2025: Ecclestone’s All-round Brilliance Stuns RCB and Chinnaswamy in Thrilling Super Over Victory For Warriorz

In a night filled with extraordinary drama at the WPL 2025, the UP Warriorz silenced a crowd of over 28,000 as RCB fell short...

Champions Trophy 2025: Ravindra, Latham, and Bracewell Secure New Zealand’s Place In The Semi-finals

While many teams are currently in transition, New Zealand have consistently demonstrated throughout this Champions Trophy that their new generation is ready for the...

Featured