Lawsuit Filed for Investors in Endava plc (NYSE: DAVA) Shares – Contact Shareholders Foundation

Endava plc (NYSE: DAVA) Faces Lawsuit Over Revenue Guidance Reduction

SAN DIEGO, CA, September 5, 2024 (Newswire.com) – Endava plc (NYSE: DAVA) investors are facing uncertainty as a lawsuit has been filed against the company following a reduction in revenue guidance.

The lawsuit, filed on August 26, 2024, alleges that Endava plc failed to disclose declining demand for its services, leading to delays and cancellations of projects by clients. As a result, the company’s fiscal 2023 and 2024 revenue and earnings are expected to be adversely affected. The plaintiff claims that the company’s positive statements about its business, operations, and prospects were misleading.

Endava plc announced its 2Q24 financial results on February 29, 2024, and subsequently reduced its revenue guidance for the 3Q and full fiscal year 2024. The company attributed the reduction to the uncertain economic environment causing delays in bookings ramp.

Investors who purchased a significant number of shares of Endava plc (NYSE: DAVA) are urged to contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554. The deadline for certain investors is October 25, 2024.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service that informs investors of securities class actions, settlements, judgments, and other legal news related to the stock market. It is not a law firm and does not provide legal advice.

For more information, contact Michael Daniels at mail@shareholdersfoundation.com or call 858-779-1554.

Source: Shareholders Foundation, Inc.