MUNICH, May 14, 2024 /CNW/ -- Today, Nagarro, a global digital engineering leader, presented its unaudited financial numbers for Q1 2024 and released its three-month statement. In Q1 2024, revenue grew to €238.3 million, up 7.6% QoQ from €221.4 million in Q4 2023 and up 8.7% QoQ in constant currency. Organic QoQ revenue growth for the quarter was 7.4% in Euro terms and 8.6% in constant currency. Revenue grew 3.8% YoY from €229.5 million in Q1 2023 and was up 5.0% YoY in constant currency, while organic revenue growth was a positive 2.9% YoY in Euro terms but a negative 0.4% YoY in constant currency. Gross profit grew to €63.9 million (as per the previous method) and was €73.6 million (as per the current method)* in Q1 2024 from €61.4 million (as per the previous method) in Q1 2023. Gross margin remained the same as in Q1 2023 at 26.8% (as per the previous method) and was 30.9% in Q1 2024 (as per the current method). Adjusted EBITDA grew by €7.8 million from €31.4 million (13.7% of revenue) in Q1 2023 to €39.2 million (16.4% of revenue) in Q1 2024. EBITDA increased by €5.2 million from €30.8 million in Q1 2023 to €36.0 million in Q1 2024. EBIT increased by €3.6 million from €23.1 million in ...