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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 robust financial results for Q4 FY2022 and FY2022, showcasing a 35.0% year-on-year revenue growth to £180.4 million in Q4, and 46.7% growth for the year to £654.8 million. The company achieved a diluted EPS of £0.47 for Q4 and £1.43 for FY2022, reflecting significant improvements from the previous year. Adjusted diluted EPS also rose to £0.51 for Q4 and £1.93 for the fiscal year. The outlook for Q1 FY2023 anticipates revenues between £191.0 million and £193.0 million, with a full-year forecast of £840.0 million to £850.0 million.
Mutual Mobile has appointed George Linville as the new Senior Vice President (SVP) of Growth & Revenue as of September 2022. Linville, a recognized revenue leader in B2B technology, will manage marketing and sales across global teams in Austin and Hyderabad. With a decade of experience, he has successfully contributed to previous company exits, including PayStream Advisors and Levvel, acquired by Endava (NYSE: DAVA). His leadership is expected to enhance client relationships and drive growth.
Endava (NYSE: DAVA) will announce its fourth quarter and fiscal year results for the period ending June 30, 2022, on September 27, 2022, before U.S. market opens. CEO John Cotterell and CFO Mark Thurston will hold a conference call at 8:00 am ET to discuss the results. Investors can access the call via toll-free and international dial-in numbers or through a webcast available on their investor relations website. A replay will also be provided post-call.
Endava reported impressive Q3 FY2022 results, achieving a 50.7% year-on-year revenue growth to £169.2 million. Revenue growth at constant currency was 50.9%. The company posted a diluted EPS of £0.35, up from £0.23 in the previous year. Adjusted diluted EPS also rose to £0.48 from £0.34. Profit before tax increased to £25.9 million, while adjusted profit before tax was £34.2 million. The company expects Q4 revenues between £177.0 million and £179.0 million and full-year revenues of £652.0 million to £654.0 million.
Endava (NYSE: DAVA) will publish its third-quarter results for the period ending March 31, 2022, on May 12, 2022, before U.S. market hours. Following the earnings release, CEO John Cotterell and CFO Mark Thurston will host a conference call at 8:00 am ET to discuss the results. Investors can join the call via toll-free and international dial-in numbers. A replay will also be available on Endava's investor relations website after the call.
Endava plc (NYSE: DAVA) has announced its partnership with Stripe, joining the Stripe Partner Ecosystem to enhance payment solutions for global merchants. This collaboration aims to diversify revenue streams and simplify cross-border commerce through customised services. Petru Metzger, Head of Global Payments Delivery, remarked on addressing the complexities faced by merchants as they expand. This strategic move aligns with Stripe's initiative to facilitate online commerce for businesses globally and provide streamlined support for payment methods.
Guidewire (NYSE: GWRE) has awarded specializations to two consulting partners in Q2 of fiscal year 2022: Business Agility, an Endava company, for InsuranceSuite in EMEA, and Tata Consultancy Services (TCS) for InsuranceSuite Integration in AMER. These specializations require partners to demonstrate expertise in specific Guidewire solutions. Currently, Guidewire PartnerConnect Consulting has achieved a total of 134 specializations, enhancing transparency for insurers seeking knowledgeable partners and enabling specialized promotion across Guidewire products.
Endava plc (NYSE: DAVA) has announced the opening of its first office in
Endava plc (NYSE: DAVA) reported a strong Q2 FY2022 with revenue growth of 49.8% year-on-year, reaching £157.7 million. The revenue growth rate at constant currency was 53.4%, compared to 21.4% in the previous year. Diluted EPS rose to £0.27 from £0.14, while adjusted diluted EPS improved to £0.46 from £0.29. Net cash from operating activities also increased to £35.0 million. Looking ahead, Endava forecasts Q3 revenues between £161.0 million and £163.0 million, with adjusted diluted EPS guidance of £0.42 to £0.44.
Endava plc (NYSE: DAVA) announced its commitment to sustainability through its 'We Care' initiative. The company aims for net zero emissions and has joined the 'Race to Zero' by signing a commitment letter to Science Based Targets. Endava is focusing on minimizing its Scope 1 and 2 emissions while analyzing its Scope 3 footprint. The company is engaging suppliers to identify emission reduction opportunities and investing in carbon removal projects. Additionally, Endava encourages employee participation in environmental initiatives, including a plan to plant at least 30,000 trees this financial year.
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