Wavestone: 2025/26 Half-Year Results and Outlook

Wavestone reported stable revenue of €458.1 million for the first half of fiscal year 2025/26, unchanged from the previous year. Recurring operating income increased by 1% to €47.1 million, with an operating margin of 10.3%. Net income rose by 12%, representing a margin of 6.6%.

Despite a high utilization rate of 71%, the average daily rate remained stable. The firm welcomed 98 employees from Wivoo but experienced a slight decrease in its overall headcount to 6,042. Sectors such as banking and transportation slowed, but demand for artificial intelligence, cybersecurity, and cloud computing recovered.

Wavestone maintains its annual targets for organic growth and an operating margin of 13%. The company plans to intensify its recruitment efforts and improve its operational performance in the second half of the year.