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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.
Tassat Group announced the establishment of a 40-bank Working Group to guide the launch of the Digital Interbank Network, enabling secure, real-time payments between banks. Currently in discussions with over 200 banks, Tassat aims for a launch in 2022. Kevin R. Greene has been appointed as CEO, succeeding Ron Totaro. Greene has been pivotal in Tassat's development since joining the board in 2017. TassatPay has processed over $300 billion since 2019, enhancing shareholder value for participating banks while supporting a transition to blockchain technology.
Endava (NYSE: DAVA) will announce its second-quarter results for the period ending December 31, 2021, on February 16, 2022, prior to the opening of U.S. markets. CEO John Cotterell and CFO Mark Thurston will discuss the results during a conference call at 8:00 a.m. ET. Interested parties can access the call via a toll-free number or listen to the webcast afterwards on the investor relations website. As of September 30, 2021, Endava served clients globally, helping them transition into digital, experience-driven businesses.
Tassat Group Inc. has announced three significant executive appointments in response to the growing interest in its TassatPay™ platform, which enables banks to issue cash-backed stablecoins for B2B transactions. The new leaders include Kevin Lupowitz as Chief Information Officer, Glen Sussman as President and Chief Operating Officer, and Al Berg as Chief Information Security Officer. These changes aim to enhance operational capabilities to cater to increasing demand, particularly after a recent government recommendation for banks to issue digital currency.
Endava plc (NYSE: DAVA) reported strong Q1 FY2022 results, with revenue reaching £147.5 million, a 55% increase year-on-year, and 60.8% growth at constant currency. Diluted EPS rose to £0.36 from £0.12 in the previous year. Adjusted EPS was £0.49 compared to £0.26. Profit before tax was £24.9 million, up from £8.7 million. The company expects Q2 FY2022 revenues between £150 million and £152 million, and full-year revenues between £615 million and £620 million, reflecting solid demand across regions. Cash and equivalents totaled £82 million, an increase from £69.9 million.
Endava (NYSE: DAVA) will release its first-quarter results for the period ending September 30, 2021, on November 16, 2021, before the U.S. market opens. The CEO John Cotterell and CFO Mark Thurston will host a conference call at 8:00 am EST to discuss these results. Investors can access the call using toll-free and international dial numbers, and a replay will be available afterward. Endava, a technology services provider, helps enterprises accelerate digital transformation across various industries.
Endava (NYSE: DAVA) has released its 2021 U.S. Spotlight Report at Money 20/20, highlighting three key trends in the digital payments industry:
- Maturation of Open Banking: Increasing use of APIs and real-time payment platforms.
- Explosive Growth of Buy Now, Pay Later (BNPL): Increased consumer demand prompting competition.
- Evolution of Payments Acceptance: Shift towards biometrics and enhanced payment technologies.
Endava aims to leverage these trends to enhance business investments in the payments ecosystem.
Endava plc (NYSE: DAVA) reported strong financial results for Q4 FY2021 and FY2021. Q4 revenue reached £133.6 million, a 47.7% increase year-on-year, with an IFRS diluted EPS of £0.28, up from £0.11. FY2021 revenue was £446.3 million, marking a 27.2% increase, with an EPS of £0.76, compared to £0.38 in the prior year. Adjusted diluted EPS for Q4 and FY2021 were £0.41 and £1.30, respectively. For Q1 FY2022, revenue guidance is £143.0-145.0 million, suggesting a 56.0%-58.0% growth rate. Full FY2022 revenue is expected between £608.0 million and £615.0 million.
Endava (NYSE: DAVA) has announced a change in the release date for its fourth quarter and fiscal year results, which will now be published on September 28, 2021, instead of September 23, 2021. The results will be available before the U.S. market opens. Following the release, CEO John Cotterell and CFO Mark Thurston will host a conference call at 8:00 am EDT to discuss the results. Access information for the call has been provided, and a replay will be accessible on the investor relations website.
Endava (NYSE: DAVA) will release its fourth quarter and fiscal year results for the period ending
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