Report
Nicolas Thorez

Wavestone : Q1 2024-25 revenues in line with expectations, FY guidance reiterated despite slight deterioration in market conditions

>Q1 2024-25 broadly in line with expectations at € 232.4m, stable organically - Wavestone reported Q1 2024-25 revenues (to end June) in line with our expectations at € 232.4m (vs ODDO BHF € 236.4m), up 62% YoY on a reported basis (including Q_Perior and Aspirant), +1% organically on a pro forma basis and broadly stable LfL, which is only marginally below our initial expectations (ODDO BHF +0.8% organically). As expected, this sequential slowdown in organic growth is d...
Underlying
Wavestone SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas Thorez

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