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."
Source Fool.com
Endava plc ADR ADR Stock
€5.70
0.880%
Endava plc ADR ADR is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
With a target price of 21 € there is potential for a 268.42% increase which would mean more than doubling the current price of 5.7 € for Endava plc ADR ADR.
