Endava plc reports recurring developments as a foreign issuer and technology-driven business transformation group providing next-generation technology services for digital transformation. Its updates center on quarterly financial results, investor presentations, client demand by geography and industry vertical, and its work across payments, insurance, banking and capital markets, technology, media, telecommunications, healthcare, mobility, retail and consumer goods.
Company news also covers Endava's AI-native delivery model, including Dava.Flow for governed software delivery and Dava.Rise for connecting scale-ups with enterprise innovation needs. Partnership announcements describe the company's role in AI-assisted engineering, payments technology, IT consulting, program delivery and modernization work for enterprise clients across Europe, the Americas, Asia Pacific and the Middle East.
Endava plc (NYSE: DAVA) announced its Q1 FY2021 results, reporting revenue of £95.1 million, marking a 15.5% increase year-over-year. Profit before tax fell to £8.7 million compared to £17.5 million in the previous year. Adjusted profit before tax rose to £18.2 million, equating to 19.2% of revenue. The company expects Q2 revenues between £102.0 million and £104.0 million, with adjusted diluted EPS projected between £0.25 and £0.26.
Cash and equivalents totaled £70.0 million at quarter-end.