MUNICH, Aug. 14, 2024 /PRNewswire/ -- Today, Nagarro, a global digital engineering leader, presented its unaudited financial numbers for Q2 2024 and released its half-yearly financial report. In Q2 2024, revenue grew to €244.1 million, up 7.6% YoY from €226.8 million in Q2 2023. Constant currency YoY revenue growth for Q2 2024 was also 7.6%. Organic YoY revenue growth for the quarter was 3.6% in constant currency, which translated to 4.0% organic YoY revenue growth in Euro terms. Nagarro has revised the definition of cost of revenues from Q1 2024 onwards to align it better with that of other IT services companies. Gross profit in Q2 2024 was €73.3 million as per the current method and €62.4 million as per the previous method, as compared to €57.5 million in Q2 2023 as per the previous method. Gross margin in Q2 2024 was 25.6% compared to 25.3% in Q2 2023, both as per the previous method. Gross margin was 30.0% in Q2 2024 as per the current method. Adjusted EBITDA grew to €35.5 million (14.5% of revenue) in Q2 2024 from €28.9 million (12.8% of revenue) in Q2 2023. EBITDA grew to €32.8 million in Q2 2024 from €27.3 million in Q2 2023. The main EBITDA adjustments in Q2 2024 were on account of the expense on earnouts of €1.3 million and retention bonus of €0.7 million from past acquisitions, and the expense on employee stock options and the Employee Share Purchase Program of €0.7 million. EBIT grew to €23.1 million in ...