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.
For further insights into FR:WAVE stock, check out TipRanks’ Stock Analysis page.