Rising LiabilitiesAn uptick in total liabilities can erode liquidity and increase rollover risk over time. Even with low D/E, rising liabilities—especially if short-term—can constrain cash available for growth, force funding at higher cost, and reduce balance sheet flexibility if the trend persists.
Revenue VolatilityA materially negative revenue-growth metric signals potential volatility or significant base effects in top-line performance. Persistent or recurring top-line declines would impair margin leverage, make planning and investment harder, and undermine the predictability of cash flows over a multi-quarter horizon.
Competitive Pressure In DX ServicesExposure to the crowded cloud/DX consulting market creates structural risk from pricing pressure, commoditization and client consolidation. Maintaining differentiation requires continuous investment in skills and platforms; failure to do so can erode margins and market share over time.