Endava plc (NYSE: DAVA) Faces Market Challenges Despite Positive Earnings
Endava plc (NYSE:DAVA) reported earnings per share of $0.329, surpassing estimates but experienced a 4% decrease in revenue year over year.The company's stock value has plummeted by more than 80% since early 2024, largely due to guidance not meeting investor expectations.Despite financial stability indicators like a debt-to-equity ratio of 0.29 and a current ratio of 2.18, DAVA set its full-year fiscal 2026 revenue and earnings targets below expectations.Endava plc (NYSE:DAVA) is a British tech consultancy ...