2024-03-14 15:42:01 ET
Summary
- Endava plc has disappointed investors with its recent quarterly results, struggling with low employee utilization and a cautious outlook.
- The company operates in the global software consulting market, which is forecasted to reach $681 billion by 2030.
- Endava's financial trends have been negative, with a significant drop in revenues, gross profit, and earnings per share. The stock has also fallen 47% in the past year.
- My near-term outlook on Endava plc is to sell.
Investment Outlook
Endava plc ( DAVA ) has disappointed investors with its most recent quarterly results ....
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Endava Suffers From Client Spending Doldrums (Downgrade)