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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.
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.
Endava (NYSE: DAVA) has successfully closed a £350 million unsecured, multicurrency revolving credit facility aimed at supporting its future capital investments and development activities. This new facility replaces the previous £200 million credit facility expiring on October 12, 2024. The new credit line includes options for an additional £150 million and two one-year renewal options. CFO Mark Thurston emphasized its significance for both organic and inorganic growth.
Endava, which specializes in product and technology strategies, serves various sectors including Payments, Financial Services, and Healthcare, employing over 12,000 professionals globally.
ThoughtFocus, Inc. has appointed Michael Greenberg as the new Chief Revenue Officer, effective December 1, 2022. He will oversee all revenue generation and ensure cohesive operation across sales, customer success, and marketing departments. With 20 years of experience, including roles at Endava and Globant, Michael brings a strong background in scaling digital services. His arrival follows the transition of Shylesh Krishnan to CEO. The company anticipates that Michael's expertise will accelerate growth, especially with a recent investment from H.I.G. Capital.
Endava (NYSE: DAVA) will release its second-quarter results for the period ending December 31, 2022, on February 14, 2023, before U.S. market hours. CEO John Cotterell and CFO Mark Thurston will host a conference call at 8:00 am ET to discuss the results. Interested parties can join by calling toll-free at 1-844-481-2736 or internationally at 1-412-317-0665, using Conference ID: Endava Call. A webcast will also be available on the company's investor relations website, with a replay following the call. Endava specializes in technology services to enhance digital experiences across various sectors, serving over 12,000 clients globally.
Endava plc (NYSE: DAVA) reported a robust Q1 FY2023 with revenue increasing by 33.0% year-on-year to £196.2 million, and a 25.9% revenue growth rate at constant currency. The diluted EPS rose to £0.55 from £0.36 a year ago, reflecting strong demand across all regions. Profit before tax also increased, reaching £38.6 million. Despite a slowdown in revenue growth rate compared to the previous period, positive outlooks suggest Q2 revenues are expected to be between £204.0 million and £206.0 million.
Endava (NYSE: DAVA) released its 2022 Global Payments Study, highlighting shifts in B2B payments globally. Key findings show a significant decline in cash and checks, now representing roughly a fifth of payment volume. Companies are increasingly prioritizing security, digitization of payments, and analytics to enhance efficiency. Notably, North America lags in payment modernity, with checks still comprising 16% of transactions. Future trends indicate a move towards digital wallets and real-time payments as organizations seek to modernize their payment processes.
Endava (NYSE: DAVA) plans to release its first-quarter results for the period ending September 30, 2022, on November 15, 2022, before U.S. market opening. Following the release, CEO John Cotterell and CFO Mark Thurston will discuss results in a conference call at 8:00 am ET. Investors can access the call via a toll-free number or international dial-in, and a replay will be available on the investor relations website. For more details, visit Endava's website.
Endava plc (NYSE: DAVA) announced the appointment of Kathryn Hollister to its Board of Directors. With extensive experience from Deloitte, where she was Chief Strategy Officer, Ms. Hollister's expertise in finance and technology will support Endava's international growth. She has previously served on the boards of Clear Secure and First Solar. Chairman Trevor Smith expressed confidence that her leadership will be invaluable as the company expands its footprint globally.
Endava (NYSE: DAVA) has announced the acquisition of Lexicon Digital Pty Ltd and Lexicon Consolidated Holdings Pty Ltd, enhancing its presence in Australia.
Lexicon, a tech consulting firm, focuses on digital solutions, serving major clients in various sectors. In the year ending June 30, 2022, it generated 94% of its revenue from Australian clients.
This acquisition provides Endava with valuable talent and a nearshore delivery option in Vietnam, aiming for accelerated growth in the region.
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