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Endava plc (symbol: DAVA) is a leading IT services company that focuses on helping businesses undergo digital transformation. Established in 2000, Endava has grown its workforce to over 2,500 employees, with offices strategically located in New York, Atlanta, New Jersey, London, and Frankfurt. The company also operates six delivery centers across Romania, Moldova, Macedonia, and Serbia.
Endava collaborates with some of the world’s most recognized brands in finance, insurance, technology, media, telecommunications, and retail. By leveraging digital technologies, Endava aims to make these businesses more agile, responsive, and valuable. The company’s core services include the design, build, and operation of cutting-edge systems and applications tailored to meet each client's unique needs.
Endava’s client base is predominantly found in the payments and financial services, technology, media, and telecom sectors. The company generates most of its revenue in the U.K. and Europe but has continued to expand its global reach.
The company’s philosophy is centered around creating success for its employees, clients, and the end-users of its technology solutions. This people-centric approach has been a cornerstone of Endava’s growth and success.
Recent Achievements and Current Projects:
- Endava has been instrumental in developing customized software solutions that enable businesses to stay competitive in today’s fast-paced digital world.
- The company is actively involved in several high-profile projects that aim to enhance customer experience and operational efficiency for its clients.
- Ongoing partnerships with industry leaders continue to bolster Endava’s reputation as a trusted IT services provider.
Financially, Endava remains robust, with continuous growth in revenue and a solid client base. The company’s commitment to innovation and excellence ensures it remains at the forefront of the IT services industry.
Endava (NYSE: DAVA) reported Q1 FY2025 results with revenue reaching £195.1 million, a 3.5% year-over-year increase and 5.2% at constant currency. However, profit before tax declined to £4.2 million from £17.3 million in the prior year. Diluted EPS decreased to £0.04 from £0.21, while adjusted diluted EPS fell to £0.25 from £0.39.
The company's headcount stood at 11,821, serving 147 clients with over £1 million in revenue. Geographic revenue distribution showed North America at 39%, Europe 25%, UK 31%, and rest of world 5%. For FY2025, Endava projects revenue between £800.0-810.0 million, representing 10.0-11.5% constant currency growth.
Endava (NYSE: DAVA) announced it will release its first quarter FY2025 financial results on November 12, 2024, before U.S. market opening. CEO John Cotterell and CFO Mark Thurston will host a conference call at 8:00 am ET to discuss the results. The call will be accessible via toll-free (1-844-481-2736) and international (1-412-317-0665) dial-in numbers. A webcast replay will be available on the company's investor relations website.
Endava, a leading next-generation technology services provider, has announced its upcoming investor day scheduled for Wednesday, November 13, 2024. The event, set to run from 9:00 AM to 12:00 PM ET, will be accessible virtually through a livestream link to be provided on Endava's website closer to the date.
During the event, Endava's leadership team will delve into how the AI-driven digital shift is transforming the technology landscape. They will explain why they believe Endava is uniquely positioned to help businesses succeed in the next wave of digital transformation. The presentation will highlight how Endava assists its customers by combining its engineering heritage, deep industry expertise, and customer-centric approach, along with core modernisation capabilities.
Endava, a leading next-generation technology services provider, has released its annual We Care Sustainability Report for the fiscal year ended June 30, 2024. The report focuses on Environmental, Social, and Governance (ESG) issues relevant to Endava's business. A significant milestone is the approval of Endava's science-based emissions reduction targets by the Science Based Targets initiative (SBTi).
The We Care approach covers five key areas: people, social impact, environmental impact, operational responsibility, and innovation and data integrity. Endava is committed to enhancing its people's skills, fostering innovation, and supporting local communities. The company also assists clients in their sustainability journeys through industry expertise, ESG partnerships, and green software capabilities.
CEO John Cotterell emphasized Endava's dedication to making a positive impact and highlighted the company's focus on AI-driven digital transformation, including the development of their agentic AI Industry Accelerator, Morpheus.
Endava (NYSE: DAVA) announced its Q4 FY2024 and FY2024 results. For Q4 FY2024, revenue increased by 2.4% year-on-year to £194.4 million, with a constant currency increase of 3.5%. The company reported a diluted EPS loss of £(0.03), down from £0.40 in the same period last year. Adjusted diluted EPS was £0.22, compared to £0.57 previously.
For FY2024, revenue declined by 6.8% to £740.8 million, with a constant currency decrease of 4.5%. Diluted EPS fell to £0.29 from £1.62 last year, while adjusted diluted EPS dropped to £1.12 from £2.28. Net cash used in operating activities was £(0.2) million for Q4 FY2024 compared to £33.3 million the previous year. The company also reported £62.4 million in cash and cash equivalents, down from £164.7 million last year.
Endava's outlook for Q1 FY2025 includes expected revenue between £194.0 million and £195.0 million, with adjusted diluted EPS between £0.21 and £0.22. For FY2025, revenue is expected to be between £800.0 million and £810.0 million, with adjusted diluted EPS ranging from £1.12 to £1.17.
Endava plc (NYSE: DAVA), a leading next-generation technology services provider, has announced that it will release its Q4 FY2024 and full fiscal year 2024 financial results on September 19, 2024, before the opening of regular U.S. market hours. Following the release, CEO John Cotterell and CFO Mark Thurston will host a conference call at 8:00 am ET to discuss the results. The call can be accessed via toll-free (1-844-481-2736) or international (1-412-317-0665) dial-in numbers, using the conference ID: Endava Call. A webcast will also be available on the company's investor relations website, with a replay accessible after the call.
Bronstein, Gewirtz & Grossman, is investigating potential claims against Endava plc (NYSE:DAVA) on behalf of investors. The investigation follows Endava's announcement of financial results for Q4 2023, which revealed the company was running behind its revenue trajectory by approximately £70 million, nearly 9% below prior projections at the midpoint. This news caused Endava's ADS price to fall $26.65 (41.76%) on February 29, 2024, closing at $37.17. Investors who purchased Endava securities are encouraged to assist the investigation. The law firm is representing investors on a contingency fee basis, seeking reimbursement for expenses and attorneys' fees only if successful.
Bronstein, Gewirtz & Grossman, is investigating potential claims against Endava plc (NYSE:DAVA) on behalf of investors. The investigation follows Endava's announcement of its financial results for Q4 2023, which revealed the company was running behind its revenue trajectory by approximately £70 million, or nearly 9% below prior projections at the midpoint. This news caused Endava's American depositary share (ADS) price to fall $26.65 per ADS, or 41.76%, closing at $37.17 on February 29, 2024. Investors who purchased Endava securities are encouraged to participate in the investigation. The law firm is representing investors on a contingency fee basis, seeking reimbursement for expenses and attorneys' fees only if successful.
Endava (NYSE: DAVA), a global digital transformation and intelligent automation services provider, has announced a strategic partnership with OpenAI to deploy ChatGPT Enterprise licenses across its 11,000+ global workforce. This move underscores Endava's commitment to leveraging cutting-edge AI technology to enhance operations, drive innovation, and accelerate impact for clients.
Endava's CTO, Matt Cloke, emphasized the important role of AI in revolutionizing product innovation and streamlining business operations. The company has already piloted the technology with a team of 'ChatGPT Champions' across various business functions, integrating it with internal systems to establish best practices. To ensure responsible use, Endava will launch a mandatory AI training module for all employees.
This partnership follows Endava's recent launch of Morpheus, its proprietary agentic AI industry accelerator for highly regulated industries, further solidifying the company's commitment to AI-driven solutions.
Endava (NYSE: DAVA), a prominent technology services company, has announced an expanded partnership with Google Cloud. This development underscores Endava's expertise in delivering Google Cloud's Generative AI, Cloud Migration, and Application Modernisation services in the APAC region, covering Australia, New Zealand, and South East Asia. The partnership aims to offer more tailored products and services, leveraging Endava's certified staff and technical accelerators. This move is expected to help companies in the region transition to cloud architecture efficiently, despite potential management complexities and costs. Saurabh Bajaj, APAC Head of Google Cloud at Endava, highlighted the success of their collaboration and the significant leap forward in Endava's regional expansion.
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