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Endava Plc - DAVA STOCK NEWS

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.

Rhea-AI Summary

Endava (NYSE: DAVA) announced its Q3 FY2024 results, revealing a 14.3% year-over-year revenue decrease to £174.4 million and a diluted EPS of £(0.03) compared to £0.42 in the previous year. Adjusted diluted EPS was £0.22, down from £0.59. The company reported a loss before tax of £0.5 million, versus a £30.4 million profit in the prior year. Adjusted profit before tax stood at £15.5 million, down from £43.4 million. Operating cash flow was £3.0 million, a significant drop from £25.1 million. The company had £190.0 million in cash and equivalents by March 31, 2024. Endava has used £129.0 million for the acquisition of GalaxE in April 2024. The company anticipates Q4 FY2024 revenue between £195.0 million and £197.0 million, with adjusted EPS ranging from £0.22 to £0.23. For the full fiscal year 2024, revenue is projected to be between £741.0 million and £743.0 million, and adjusted EPS is expected to be between £1.13 and £1.14.

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Endava plc (NYSE: DAVA) will announce its Q3 FY2024 financial results on May 23, 2024. The results for the third quarter ended March 31, 2024, will be released before the opening of regular U.S. market hours. Endava's CEO and CFO will discuss the results in a conference call at 8:00 am ET. Webcast and replay information will be available on the investor relations website.

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Endava (NYSE 'DAVA') has launched an innovative agentic AI industry accelerator called 'Morpheus', designed to tackle challenges in highly regulated sectors like healthcare, insurance, financial services, and private equity. This accelerator uses large language models and AI to provide transparent and auditable solutions, overcoming common barriers in the industry. The technology is cloud-agnostic and aims to transform businesses by enabling autonomous teams to work more efficiently and meaningfully.

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Endava (DAVA) completes the acquisition of GalaxE Group, Inc., a global IT and business solutions provider. The transaction passed the Hart-Scott-Rodino Antitrust Improvements Act.
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Endava plc (NYSE: DAVA) reported Q2 FY2024 results with a 10.6% YoY revenue decrease to £183.6 million. Diluted EPS dropped to £0.14 from £0.26 in the prior year. Adjusted diluted EPS was £0.30 vs. £0.59 in the prior year. The company acquired GalaxE Solutions and expects a revenue decrease for Q3 and full FY 2024.
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Endava (NYSE: DAVA) announces the acquisition of GalaxE Group, Inc., a global IT and business solutions provider, for up to $405 million. The deal will add 1,650 employees, expand Endava's presence in North America, provide expertise in the U.S. Healthcare market, establish delivery operations in India, and enhance digital transformation capabilities.
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Endava (DAVA) to release Q2 results on February 29, 2024. CEO and CFO to discuss in conference call.
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Endava plc (NYSE: DAVA) announced a 3.9% YoY revenue decrease to £188.4 million in Q1 FY2024. Revenue decrease at constant currency was 0.6%. Diluted EPS was £0.21 compared to £0.55 in the prior year. Adjusted diluted EPS was £0.39 compared to £0.54 in the prior year. The company cited delays in client decision making as a factor, but sees signs of improvement in demand for the second half of fiscal year 2024.
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Endava (NYSE: DAVA) will release its first quarter results for the period ended September 30, 2023, on November 15, 2023. The CEO and CFO will discuss the results in a conference call at 8:00 am ET. Conference call access information is provided. A replay will be available on the investor relations website after the call.
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Endava launches annual We Care Sustainability Report, reaffirming commitment to shaping a sustainable future
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FAQ

What is the current stock price of Endava Plc (DAVA)?

The current stock price of Endava Plc (DAVA) is $17.45 as of April 4, 2025.

What is the market cap of Endava Plc (DAVA)?

The market cap of Endava Plc (DAVA) is approximately 1.0B.

What is the core business of Endava Plc?

Endava Plc specializes in IT services and digital transformation, providing customized software solutions, strategic consulting, and managed services to various industry sectors.

Which industries does Endava primarily serve?

Endava serves a diverse client base including finance, insurance, technology, media, telecommunications, and retail, addressing each sector's unique digital transformation needs.

How does Endava generate revenue?

The company generates revenue through a combination of project-based engagements, long-term managed services, and IT consulting, tailored to meet the specific needs of its clients.

What differentiates Endava in the competitive IT services market?

Endava is distinguished by its integrated approach to digital transformation, a people-centric philosophy, and a global operational model that leverages local talent and advanced technologies.

Where does Endava operate globally?

Endava maintains a global presence with key offices and delivery centres strategically located across major financial hubs in Europe and North America, ensuring efficient service delivery.

How does Endava support digital transformation for its clients?

Endava employs agile development methodologies, continuous innovation, and strategic IT consulting to convert legacy systems into modern, scalable digital platforms.

What is meant by Endava’s people-centric approach?

This approach emphasizes creating success for its employees, clients, and end users through collaborative environments, continuous learning, and personalized service delivery.

How does Endava compare with its competitors?

Endava differentiates itself by combining robust technical expertise with a strategic, customer-focused model, enabling it to deliver solutions that are both innovative and tailored to client-specific challenges.
Endava Plc

NYSE:DAVA

DAVA Rankings

DAVA Stock Data

1.03B
59.20M
0.58%
82.51%
2%
Software - Infrastructure
Technology
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United Kingdom
London