Wavestone Reports Steady Organic Revenue for 2024/25 Amidst Challenging Conditions

Wavestone's revenue for the fiscal year 2024/25 reached €943.7 million, marking a 35% increase including acquisitions. On an organic basis, revenue remained stable compared to the previous year. Throughout the year, the company faced challenges such as an unfavorable working day impact and a slow start to the calendar year due to project implementation delays.

Despite these hurdles, Wavestone maintained a stable consultant utilization rate of 73% and achieved a slight increase in the average daily rate to €939. The company recorded a staff turnover rate of 12% and increased its workforce to 6,076 employees.

However, the company navigated uncertainties due to geopolitical and economic factors. Still, investments in North America showed positive trends. The firm aims to prioritize business development, focusing on dynamic sectors like cybersecurity and artificial intelligence in upcoming months.