Wavestone: Financial review and outlook for 2026/27

Wavestone reports stable revenue of €457.2 million for the first half of fiscal year 2026/27, despite an uncertain economic environment. The company posted a slight increase of 2% in the second quarter, driven in particular by the integration of firms such as AI Builders and Sand Cherry. However, on a like-for-like basis and at constant exchange rates, the first half of the year shows a decline of 1%.

The 72% utilization rate remains unchanged compared to the previous year, although the average daily rate has slightly decreased to €923. The order book shows a decline compared to March 2026. The GSA, USA, and UK regions exhibit contrasting trends.

Faced with these challenges, Wavestone is intensifying its focus on AI, hoping to improve its performance and achieve an operating margin of 9.1% in the first half of the year. Adjusted annual targets aim for modest revenue growth of €954.3 million and a margin between 11% and 13%.