Wavestone : Additional caution but the mini-warning should be put into perspective
>Recap on the elements that led to warn on underlying operating margin guidance - At our TMT forum, Pascal Imbert (CEO) and Laurent Stoupy (CFO) gave a recap on the reasons that led the group to (slightly) lower its full-year underlying operating margin target from 15% to around 14.5% last week. Indeed, demand in the end proved to be not as strong as expected at the start of 2023. This observation, combined with a strong increase in the headcount over the year (>1,100...Wavestone SA, formerly Solucom SA, is a France-based company active in the information technology (IT) sector. It provides infrastructure consultancy services in the fields of telecommunications and networks, Strategy & management, IT transformation, IT Governance, IT architecture and Security & risk management. The Company operates through subsidiaries: Arcome, which offers marketing and technological innovation services for global companies in the information technology industry; Idesys, offerring consultancy services in the management and governance fields; New'Arch, which provides consultancy services in technical architecture of information systems; KLC, which offers consultancy services in information system and industrial investments for corporate clients; Cosmosbay-Vectis that offers business development and transformation consulting, and Xceed Group Ltd, which provides computer related services, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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