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DAVA / Endava: Structural Growth Intact, But Near-Term Growth Might Be Uncertain

Endava: Structural Growth Intact, But Near-Term Growth Might Be Uncertain
Endava's revenue for Q4 FY23 increased by 5.2% YoY, but there was a decrease of 6.8% QoQ. Several indicators, such as strong performance in the rest of the world, client base expansion, and management's growth expectations for FY24, suggest growth slowdown is cyclical not structural. Despite the long-term growth potential, there is uncertainty in near-term growth and margin, making it advisable to hold off on increasing investments in DAVA until the second half of 2024. Read More
Posted: Oct 17 2023, 00:58
Author Name: Seeking Alpha
Views: 121221

DAVA News  

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Endava: Structural Growth Intact, But Near-Term Growth Might Be Uncertain

By Seeking Alpha
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Endava: Structural Growth Intact, But Near-Term Growth Might Be Uncertain

Endava's revenue for Q4 FY23 increased by 5.2% YoY, but there was a decrease of 6.8% QoQ. Several indicators, such as strong performance in the rest o more_horizontal

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