Nagarro SE: Nagarro nabs 2nd Place in Germany's 'L?nendonk List'
On June 30, 2021, L?nendonk published the results of its current market analysis of German medium-sized IT companies. Every year, 20 market players make the list. Basis for inclusion is not only revenue and the number of employees, but also various industry key metrics. The ranking is part of the L?nendonk study called "The Market for IT Consulting and IT Services in Germany". In making the list, L?nendonk surveyed around 85 IT service providers and 130 IT managers from upper mid-size companies, large enterprises, and corporations.
The 20 leading midmarket IT consultancies grew by an average of 4.7% in 2020 (2019: 8.4%), generating total revenue of EUR 3.6 billion. Although the COVID pandemic led to a slowdown in growth across the industry, segments such as cloud migration, software development, and data analytics achieved high demand. With geographic revenue in Germany of ?116.4 million in 2020's financial year (out of its total global turnover of ?430.4 million), Nagarro debuted in 2nd place in this year's rankings. Nagarro narrowly missed out on the 1st place, in terms of total company revenue.
"Nagarro is one of the leading IT service providers in Germany, and even internationally, which is once again confirmed by the current L?nendonk list. Our customers appreciate our agile and global character, our entrepreneurial mindset, and above all, our strongly client-centric way of working. With this mix, we would like to maintain or improve our very good ranking", stated J?rg Dietmann, co-founder of Nagarro.
Trending topics for 2021
L?nendonk analyst Tobias Ganowski foresees clear trending topics for the coming year: "IT consultancies expect particularly high demand around cloud transformation and the management of hybrid IT landscapes." Likewise, IT service providers anticipate high demand around customer experience and data analytics. "On the one hand, IT is to be brought up to a new technological level, which promises low costs, easier handling, and a higher degree of automation. On the other hand, new IT-based products are to be developed and digital business models established. The value contribution of IT in companies will thus continue to rise," adds Ganowski.
About the L?nendonk market sample
L?nendonk defines medium-sized IT consulting and systems integration companies as those that have their headquarters or most of their share capital in Germany and have sales of up to 500 million euros. At least 60 percent of sales must be generated from IT or management consulting, individual software development or implementation, and systems integration. The new market sample "Leading medium-sized IT consulting and systems integration companies in Germany" is now available for free download at www.luenendonk.de.
Nagarro, a global digital engineering leader, helps clients become innovative, digital-first companies and thus, win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its approach of "Thinking Breakthroughs". Nagarro employs over 10,000 people in 26 countries. For more information, visit www.nagarro.com.
FRA: NA9 (SDAX, ISIN DE000A3H2200, WKN A3H220)J?rg Dietmann, Co-Founder of Nagarro
End of Media Release Issuer: Nagarro SE Key word(s): Information technology
06.07.2021 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Nagarro SE Einsteinstra?e 172 81677 M?nchen
Germany Phone: 089 9984210 Internet: www.nagarro.com ISIN: DE000A3H2200 WKN: A3H220 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1215771 ? End of News DGAP Media