Endava Misses Revenue Estimate in Q2
Endava posted mixed results in their latest earnings release with revenue growth overshadowed by weaker-than-expected profitability.
Endava (NYSE:DAVA), a technology service provider specializing in IT and digital advisory, reported fiscal 2025 second-quarter results on Thursday, Feb. 20, that fell short of analysts' consensus expectations. Revenue of 195.6 million British pounds rose 6.6% year over year but missed the expected 246 million pounds. Adjusted EPS remained stable at 0.30 pounds, missing the 0.31 pounds anticipated by the market.
The quarter presented a mixed picture with revenue growth amid profitability concerns, underlined by a significant drop in profit before tax to 2.5 million pounds from 10.6 million pounds.
Source: Endava. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
