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Endava Plc (DAVA) delivers next-generation IT services and digital transformation solutions to global enterprises across finance, technology, and telecommunications. This page provides investors and industry professionals with a comprehensive repository of official company announcements and verified news updates.
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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.
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.
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.
