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The Latest Breaking News from Nagarro

Carnegie Fonder questions Persistent Systems' Nagarro acquisition, cites growth concerns

In an open letter on professional networking website LinkedIn, portfolio manager Gunnar Pahlson questioned the logic of paying a 140% premium for a slower-growing, lower-margin European business exposed to cyclical industrial and automotive clients, including accounts tied to Lufthansa and Volkswagen.

The Economic Times

Persistent's Nagarro deal faces near-term doubts, but long-term story stays strong: Piyush Pandey

Persistent Systems' acquisition of Nagarro triggered an 11% stock drop, with investors worried about integration and margins. However, market expert Piyush Pandey believes this is an overreaction. The deal offers significant long-term strategic benefits, including expanded vertical access and a stronger European presence, positioning Persistent for larger global deals. While…

The Economic Times

Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro deal

Persistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal aims to boost European presence and revenue, brokerages expressed caution over pricey valuations and execution risks.

The Economic Times

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Persistent Systems shares slide 10% after Nagarro deal; Elara retains 'Sell' on growth, margin worries

Persistent Systems' shares dropped significantly following its announcement to acquire German digital engineering firm Nagarro for approximately EUR 1.27 billion. While this move aims to boost European presence and revenue, analysts express concerns about near-term growth and profitability impacts due to the premium acquisition price and Nagarro's weaker financial performance.…

The Economic Times

Persistent Systems to acquire Nagarro; combined entity to generate $2.9 billion in annualised revenue

Indian IT firm Persistent Systems is making a significant move by launching a takeover bid for German digital engineering company Nagarro SE. This potential acquisition, valued at approximately 140% above Nagarro's undisturbed share price, aims to create a global tech powerhouse with nearly $2.9 billion in annual revenue and over…

The Economic Times

Top 3 Tech Stocks to Download to Your Portfolio

The demand for tech products and services continues to rise, presenting significant growth opportunities in the tech sector. Therefore, it could be wise to download three top tech stocks Cognizant Technology Solutions (CTSH), Nomura Research Institute (NRILY), and The Hackett Group (HCKT), to your portfolio. Read more….

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Cognizant Technology Solutions Corporation

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