Nagarro rises after Q1 results

Nagarro SE

15/05/2026 07:46

** Shares of Nagarro NA9n.DE rise 1.8% in early Frankfurt trade after the German IT Services & Consulting company published first quarter results

** Nagarro's first quarter revenue increased by 0.5% to 248.1 million euros  ($288.81 million) compared to the first quarter of 2025

** Jefferies analysts see the margin expansion to 32.1% as a sign of continued progress on profitability

** While the broker highlights a continuation of demand softness, the analyst says that overall the results support Nagarro's forecast of moderate operational growth in 2026

** Nagarro is the biggest of only two gainers in early Frankfurt of the German small-cap index .SDAXI

($1 = 0.8590 euros)

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))