Wavestone : Q2 sales in line, but downward revision to FY targets seems inevitable
>Q2 revenue close to expectations at € 225.4m (+3% org,; zero economic growth) - Wavestone reported Q2 2024-25 revenues (to end September) in line with our expectations at € 225.4m (vs ODDO BHF € 227m), up 69% y-o-y on a reported basis (including Q_Perior and Aspirant) and +3% organically on a pro forma basis, close to our initial expectations (ODDO BHF +3.2% organically). As expected, this highlights a slight acceleration in sequential organic growth (vs Q1 at +1% or...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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