Wavestone Reports Slight Revenue Decline for Q1 2025/26

In Q1 2025/26, Wavestone recorded a consolidated revenue of €231.5 million, reflecting a slight decline of 0.4% compared to the previous year. This aligns with expectations, despite a -0.7% impact from fewer working days. Notably, Wavestone integrated Wivoo starting June 2025, which didn't affect this quarter's analysis.

The consultant utilization rate decreased to 71%, down from 73% last year, while the average daily rate increased slightly to €944. The order book indicates 4.3 months of workload, reflecting steady business activity.

Wavestone had 6,130 employees as of June 30, 2025, with a stable staff turnover rate of 12%. A cautious approach to recruitment continues due to a challenging market environment, especially outside North America.

Wavestone confirms its fiscal year objectives of achieving positive organic growth and an operating margin over 13%, barring currency fluctuations and excluding Wivoo.