Wavestone Exceeds Profitability Goals for 2023/24

Wavestone (FR:WAVE) has released an update.

Wavestone has surpassed its annual profitability target for fiscal year 2023/24, with a significant 32% increase in consolidated revenue to €701.1M and a recurring operating margin of 14.5%. The company also reported a 17% rise in net income, achieving an 8.4% net margin, despite a challenging economic climate. The firm’s growth included recent acquisitions, yet even excluding these new additions, Wavestone exceeded its revenue target and improved its recurring operating margin.

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