Endava Sees No Relief Up Ahead

Here's our initial take on Endava'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."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool