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.
Endava plc (NYSE: DAVA) is a technology-driven business transformation group and provider of next-generation technology services. Its news flow reflects a focus on AI-native capabilities, digital transformation projects and multi-year relationships with organisations across payments, financial services, technology, media, telecommunications, healthcare, mobility, retail and consumer goods.
On this page, readers can follow company announcements about quarterly and annual financial results, including revenue by geography and industry vertical, headcount trends, client concentration and non-IFRS metrics such as revenue growth at constant currency, adjusted profit before tax and adjusted diluted EPS. These earnings releases often discuss the business environment, client demand for innovation and Endava’s approach to AI and engineering.
Endava’s news also covers strategic partnerships and programmes. Examples include a multi-year partnership with Paysafe that combines payments expertise with Endava’s AI-driven engineering and programme delivery capabilities, and an expanded partnership with TRD U.S.A., where Endava acts as Official IT Consulting Partner and uses AI-enabled accelerators and frameworks to modernise core production systems. The launch of the Dava.Rise programme, connecting scale-ups with global enterprises, and the formation of a Global Advisory Board to advise on AI and technology transformation, are additional themes.
Investors and followers of DAVA stock can use this news stream to monitor Endava’s strategic direction, AI-native positioning, client relationships, governance developments such as executive team changes and AGM-related updates, and its role in technology-driven business transformation across multiple regions. Bookmark this page to review new press releases, financial updates and partnership announcements as they are released.
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.
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.
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