Slide 1: Q1 '26 earnings call
Q1 ‘26 earnings call Fluidic Intelligence
Slide 2: Disclaimer
Fluidic Intelligence Disclaimer Disclaimer The information contained in this document is provided as of the date of its publication and is subject to change without notice. This presentation contains preliminary figures and forward-looking statements. Forward-looking statements may be identified by
Slide 3: Fluidic Intelligence: From friction to flow
Fluidic Intelligence From friction to flow. Enterprise AI fails when intelligence gets stuck across people, processes, and systems. Nagarro systematically removes that friction so AI transformation can run, grow, and transform businesses. Our promise At least a 20% performance uplift. Fluidic Intelli
Slide 4: 2025 & recent highlights
Fluidic Intelligence 2025 & recent highlights • 2025 Revenue of €999 million, 6.1% constant currency growth • 2025 gross margins of +32% highlights increased focus on margin expansion • 2025 Adj EBITDA margins of 13.8%, within the revised guidance • Completed 4 acquisitions, including Charles Hudson
Slide 5: Q1 2026, by the numbers
Fluidic Intelligence Q1 2026, by the numbers €248m 6.5% 0.5% 31.2% 12.6% revenue YoY revenue growth YoY revenue growth gross margin adjusted EBITDA margin constant currency Industries’ YoY growth range Geographical YoY growth range 20% -34% 2% -2% 16% Mgmt. Consulting & Horizontal Tech Rest of World
Slide 6: Improved corporate governance
Fluidic Intelligence Improved corporate governance Improved corporate governance • New auditor • Enhanced reporting & disclosures • Internal profitability controls • Expanded board • Share buybacks & dividends while tempering leverage • Sustainability improvements • Conclusion of internal investigat
Slide 7: Diversification has provided stability, but there's a new push for targeted growth
Diversification has provided stability, but there’s a new push for targeted growth Revenue by industry Revenue by customers 4% (PY 6%) Horizontal Tech 4% (PY 5%) 16% Telecom, Media and Entertainment 26% (PY 24%) Top 5 6% (PY 8%) Automotive, Mfg. Energy, Utilities & Bldg Automation and Industrial 9%
Slide 8: Revenue distribution by geo is a natural hedge
Fluidic Intelligence Revenue distribution by geo is a natural hedge Revenue by geography Personnel worldwide 18,543 Total professionals 24% Rest of World North America 35% (PY 23%) €248m (PY 34%) 16,897 Q1’26 Professionals in engineering Rest of Europe 12% (PY 12%) Central Europe 29% (PY 30%) 1. Cen
Slide 9: Maintaining a healthy net leverage ratio
Maintaining a healthy net leverage ratio Net liability €m Cash flow €m 1.3x 1.9x 1.9x -23.6 -13.5 191.5 257.5 267.5 54.5 72.1 69.2 37.5 -2.7 -1.0 329.6 -12.2 310.1 310.9 -0.3 -58.4 -124.6 -112.6 -192.6 Financial liabilities include drawdown on syndicated credit facility, bank loans, and liabilities
Slide 10: Key partnerships in Nagarro's ecosystem
Fluidic Intelligence Key partnerships in Nagarro’s ecosystem Key partnerships in Nagarro’s ecosystem Nagarro partner-network counts 100+ 10
Slide 11: Client Examples
Client Examples Client Examples Fluidic Intelligence
Slide 12: Q&A
Q&A Fluidic Intelligence