Endava plc (DAVA) shares tumbled 29.99 percent to $14.99 on Wednesday after the company reported its fiscal third-quarter 2025 results. Revenue rose 11.7 percent year over year to 194.8 million pounds, up from 174.4 million pounds.
Despite the earnings improvement, investor reaction was negative on the New York Stock Exchange. The stock opened at $18.05 and dropped as low as $14.78 during the session, with a high of $18.17. Trading volume spiked to 2.74 million shares, far above the average of 574,071. Endava now trades at the bottom of its 52-week range of $14.78 to $34.94.
The company swung to a profit of 10.9 million pounds, or 0.18 pounds per share, compared to a loss of 1.7 million pounds, or 0.03 pounds per share, in the prior-year quarter.
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