Nagarro Raises Revenue, but Cuts Margins Guidance on High Wage Inflation

Montag, 20.09.2021 11:01 von PLX

• (PLX AI) – Nagarro lifts revenue guidance for 2021 to EUR 515 million instead of EUR 495 million, driven by strong demand for digital software engineering services.
• • But the company cuts its gross margin outlook to 28% from 29% and adjusted EBITDA margin outlook to 14% from 15%, mainly due to high wage inflation with a time lag in negotiating pricing improvements
• • The company retains its medium-term guidance of 20% annual organic growth and 15% Adjusted EBITDA margin