Welcome to our dedicated page for Endava Plc news (Ticker: DAVA), a resource for investors and traders seeking the latest updates and insights on Endava Plc stock.
Overview
Endava Plc is a next-generation IT services company specializing in digital transformation and the development of customized software solutions for a diverse range of industries. With a global footprint that spans key markets in Europe and North America, Endava partners with some of the world’s most recognized brands in finance, insurance, technology, media, telecommunications, and retail. The company has built its reputation by integrating innovative IT services with a people-centric philosophy, ensuring that the end users, its dedicated teams, and client businesses all achieve sustainable success.
Core Business Areas
Endava focuses on several core business areas that form the foundation of its success:
- Digital Transformation Services: Endava works closely with clients to leverage state-of-the-art digital technologies, enabling them to streamline operations and enhance overall performance.
- Custom Software Development: Through agile methodologies and deep technical expertise, Endava delivers tailored solutions that address complex business problems, ensuring scalability and efficiency.
- Consulting and IT Strategy: The firm provides strategic advisory services to help clients realign their business models with evolving technological landscapes, ensuring long-term competitiveness.
- Managed Services: Endava offers ongoing support and operational expertise, which guarantees seamless integration and reliable management of its delivered solutions.
Global Operations and Market Position
Operating from strategically located offices and delivery centres, Endava has established a robust international presence that allows it to serve global clients with efficiency and precision. Each location is carefully chosen to tap into local talent and technological advancements, which further strengthens its delivery model. Endava’s operations are designed to be agile, providing flexibility to meet the evolving demands of clients across various industry verticals while maintaining a consistent commitment to quality and innovation.
Digital Transformation & IT Services Expertise
The company excels by employing advanced methodologies in digital transformation that enable clients to convert legacy systems into modern, agile platforms. By investing in continuous learning and innovation, Endava maintains deep technical expertise and business acumen. Its development process is characterized by iterative, collaborative approaches that ensure solutions are not only effective at launch but remain relevant in the long term. The integration of strategic IT consulting with hands-on execution sets Endava apart among its peers.
People-Centric Philosophy
Central to Endava’s approach is its commitment to creating success for all stakeholders. This philosophy is evident in its focus on nurturing talent, fostering a collaborative work environment, and delivering solutions that empower client organizations to operate with greater agility. Endava’s emphasis on a people-first approach has helped it build lasting relationships with both employees and clients, ensuring the longevity and effectiveness of its service models.
Competitive Landscape and Industry Insights
Within the competitive arena of IT services and digital transformation, Endava distinguishes itself by offering a unique blend of technical prowess and customer-centric service delivery. It adapts to rapidly changing technological trends by integrating contemporary software development practices and agile project management. Its competitive positioning is fortified by a rich history of adapting to market demands and a clear understanding of industry-specific challenges, enabling it to deliver robust, scalable, and resilient solutions. Investors and stakeholders can appreciate the methodical and detail-oriented approach that Endava employs to sustain its operational excellence.
In-Depth Analysis and Strategic Implications
For those seeking a deeper understanding of Endava Plc, it is important to recognize how the company leverages its IT services to transform digital assets into competitive advantages. The company’s business model emphasizes long-term partnerships, continuous improvement, and operational excellence, ensuring that its clients are well-equipped to navigate the complexities of the modern digital economy. This comprehensive approach is underscored by the company's strategic investments in technology, human resources, and process innovations that together create an environment of sustainable growth and resilience.
Conclusion
Endava Plc is more than just an IT services provider; it is a strategic partner that empowers global organizations in their digital journeys. By combining technical expertise with a deep understanding of industry dynamics and a relentless focus on customer value, Endava consistently delivers solutions that drive success. This comprehensive overview underscores the company’s unwavering commitment to excellence, operational efficiency, and the creation of lasting business value.
Endava (NYSE: DAVA) reported Q2 FY2025 results with revenue reaching £195.6 million, representing a 6.6% year-over-year increase and 9.1% at constant currency. The company announced a $100 million share repurchase program, subject to shareholder approval in March 2025.
Key financial metrics include diluted EPS of £0.11 (down from £0.14), adjusted diluted EPS remaining stable at £0.30, and profit before tax of £2.5 million (down from £10.6 million). The company maintained strong cash position with £60.1 million in cash and cash equivalents.
Geographic revenue distribution showed North America at 39%, Europe at 24%, UK at 32%, and rest of world at 5%. The company serves 141 clients with over £1 million in revenue, with top 10 clients accounting for 36% of revenue. For Q3 FY2025, Endava expects revenue between £198.0-£200.0 million, representing 13-14% constant currency growth.
Endava (NYSE: DAVA) has scheduled the release of its second quarter fiscal 2025 financial results for February 20, 2025, before U.S. market opening. The company will host a conference call at 8:00 am ET on the same day, featuring CEO John Cotterell and CFO Mark Thurston to discuss the quarterly performance.
The results will cover the period ended December 31, 2024. Investors can access the conference call through toll-free (1-844-481-2736) or international (1-412-317-0665) dial-in numbers. A webcast will be available on the company's investor relations website, along with a replay after the call.
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.
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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