Endava Stock Is a Buy. Even a Recession Won’t Stop It.

Software is in a slump, but people are in short supply. That’s the kind of environment that could be good for information-technology consultant


Endava

With recession concerns rising, corporate spending on software and other tech has been decelerating. Companies like


Salesforce


(ticker: CRM) and


ServiceNow


(NOW) are expected to grow 20% annually, down from more than 30% before the pandemic. That has weighed on shares of London-based Endava (DAVA), which helps companies implement new software and integrate it with older systems. Its stock has dropped 42% over the past 12 months.