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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 reported Q2 FY2023 results, showcasing a 30.2% year-on-year revenue growth to £205.2 million. The revenue growth rate at constant currency was 23.4%, down from 53.4% YoY. Adjusted diluted EPS rose to £0.57 from £0.46, while IFRS diluted EPS decreased slightly to £0.26 from £0.27. The profit before tax increased to £20.3 million. Endava expects Q3 FY2023 revenues of £201.0 million to £203.0 million (14-15% growth) and full-year revenues between £812.0 million and £817.0 million (19-20% growth). The company is prioritizing digital transformation amid global economic uncertainties.
The Electronic Transactions Association (ETA) and Discover Global Network celebrated the 2023 Forty Under 40 honorees, recognizing innovators in the payments technology sector. The awards highlight individuals transforming the industry across various roles including entrepreneurs, executives, and technologists. Jodie Kelley, CEO of ETA, emphasized the honorees' potential to enhance accessibility and efficiency in payment solutions. The awards ceremony will take place at #ETATRANSACT from April 24-26 in Atlanta. ETA represents a broad range of payments and fintech companies, processing approximately $44 trillion annually in transactions.
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