Wavestone Reports Stable Revenue and Confirms 2026/27 Targets

Wavestone announced its H1 2026/27 revenue of €457.2 million, maintaining stability compared to the previous year. In Q2 2026/27, revenue increased by 2% to €230.2 million, aided by a favorable working day effect. Despite a mixed regional performance, with growth in France offset by declines in the GSA and US/UK regions, Wavestone remains committed to its annual financial targets.

The firm is enhancing its AI focus, with AI-related activities constituting 24% of total revenue in H1 2026/27. The consultant utilization rate stood at 72%, while the average daily rate decreased slightly to €923 due to changes in geographical mix.

Wavestone's staff turnover rate stayed at 12%, with the headcount rising to 6,365 employees. The company plans to restore momentum by accelerating AI-related activities and implementing targeted performance actions across business units. Its recurring operating margin is expected to be around 9.1% for H1 2026/27.