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Wavestone (WAVE) investor relations material
Wavestone Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026/27 revenue declined by 2% year-over-year to €227.0m, reflecting a challenging start to the fiscal year.
Market weakness and a rapid client shift toward AI projects impacted overall business, with AI-related revenue rising to 22% of Q1 total, up from 17% in FY 2025/26.
The acquisition of AI Builders, a French AI & data consulting firm, was completed to accelerate AI transformation.
Financial highlights
Q1 2026/27 revenue: €227.0m, down 2% year-over-year on both reported and organic basis.
Consultant utilization rate was 71% in Q1 2026/27, down from 72% in FY 2025/26.
Average daily rate decreased by 1.3% to €926 compared to €938 in the previous fiscal year.
Order book increased to 4.5 months as of June 30, 2026.
Staff count stable at 6,122; turnover rate stable at 12% on a rolling 12-month basis.
Outlook and guidance
2026/27 organic revenue growth target revised to -1% to low single-digit growth.
Recurring operating margin guidance adjusted to 11%-13% from around 13%.
Strategic focus on accelerating AI transformation, operational efficiency, and execution.
- Net income up 8%, AI revenue doubled to 17%, and new plan targets €1.4bn revenue by 2030.WAVE
H2 2026 - Q4 revenue up 2% year-over-year, annual revenue €954.3m, AI projects now 17% of total.WAVE
Q4 2026 TU - Q3 revenue up 3% year-over-year; AI projects to reach 14% of annual revenue.WAVE
Q3 2026 TU - Stable revenue and 12% net income growth, with margin and AI-driven growth outlooks reaffirmed.WAVE
H1 2026 - Stable H1 revenue and solid daily rates amid sector challenges; margin guidance cut to 13%.WAVE
Q2 2026 TU - Slight Q1 revenue dip, but annual growth and margin targets reaffirmed amid sector shifts.WAVE
Q1 2026 TU - Revenue up 65% but margin and guidance cut due to weak demand and integration costs.WAVE
H1 2025 - Q1 revenue up 62% to €232.4m; full-year growth and margin targets reaffirmed.WAVE
Q1 2025 TU - Revenue up 32% to €701.1m; 2024/25 targets: 3–5% growth, margin above 13%.WAVE
H2 2024
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