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Endava Reports Revenue Growth but Faces Profitability Challenges

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Endava Reports Revenue Growth but Faces Profitability Challenges

An update from Endava ( (DAVA) ) is now available.

Endava PLC reported its condensed consolidated interim results for the six months ending December 31, 2024, revealing a revenue increase to £390.6 million from £372 million in the previous year. Despite the revenue growth, the company experienced a decline in operating profit to £6.4 million from £20.7 million, attributed to increased selling, general, and administrative expenses. The total comprehensive income for the period showed a loss of £4.7 million, compared to a profit of £22.6 million in the prior year, indicating challenges in maintaining profitability amidst rising costs.

More about Endava

Endava PLC is a technology company based in London, specializing in IT services and consulting. The company focuses on delivering digital transformation solutions to clients across various industries.

YTD Price Performance: -32.17%

Average Trading Volume: 439,963

Technical Sentiment Signal: Buy

Current Market Cap: $1.22B

For a thorough assessment of DAVA stock, go to TipRanks’ Stock Analysis page.

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