Endava Sees No Relief Up Ahead

Here's our initial take on 's (NYSE: DAVA) fiscal 2025 third-quarter financial report.

It was just more than a year ago when shares of British tech consulting firm Endava lost about half their value following a disappointing earnings report. Endava has made some progress since then, but with macro headwinds continuing to cause large clients to shun big-ticket projects, the company is finding it hard to break free of the headwinds.

Endava grew revenue by nearly 12% and earnings by 55%, but its number of customers doing at least £1 million in annual revenue fell by 4%. CEO John Cotterell said the business environment "continues to evolve rapidly and the quarter just ended has been challenging."

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Source Fool.com