Economic Slowdown Impact: Endava's revenue and profitability could be adversely affected by a slowdown in global economic conditions, leading clients to reduce or delay IT spending on discretionary projects.

Intense Competition Threat: The company operates in a highly competitive market for IT services, facing pressure from larger global consultancies, niche specialists, and in-house client capabilities, potentially impacting pricing power and market share.

Talent Shortage & Retention Challenge: Difficulty attracting, hiring, and retaining highly skilled technology professionals in a competitive labor market could lead to increased labor costs, project delays, or an inability to meet client demand.