Wavestone: Revenue stable in the first half of 2025/26

Wavestone reports stable revenue for the first half of fiscal year 2025/26, reaching €458.1 million. The second quarter saw a slight increase of 0.4% compared to the previous year, despite unfavorable day-to-day effects. The company is facing a pressured utilization rate of 71%, while maintaining a solid average daily rate of €939.

The order book contracted slightly, falling to 3.6 months as of September 30, 2025. The workforce decreased to 6,042 employees. Demand is high in the artificial intelligence sector, while cybersecurity and cloud computing continue to grow.

For the second half of the year, Wavestone anticipates improved demand, although visibility remains limited. The annual margin target has been adjusted to 13% due to current uncertainties. Half-year results will be published on December 2, 2025.