Wavestone Maintains Growth Amid Economic Headwinds

Wavestone (FR:WAVE) has released an update.

Wavestone reported a 62% total growth in revenue for the first quarter of 2024/25, reaching €232.4 million, with a modest organic growth of 1% despite a challenging economic environment. The company has maintained its workforce and emphasized commercial efforts in resilient sectors, upholding its annual growth target of 3-5% and an operating margin above 13%. Additionally, Wavestone plans to relocate its headquarters to central Paris post-2026/27 fiscal year to enhance its image and attract talent.

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