Welcome to our dedicated page for Endava Plc news (Ticker: DAVA), a resource for investors and traders seeking the latest updates and insights on Endava Plc stock.
Endava Plc (DAVA) delivers next-generation IT services and digital transformation solutions to global enterprises across finance, technology, and telecommunications. This page provides investors and industry professionals with a comprehensive repository of official company announcements and verified news updates.
Access real-time updates on Endava's strategic initiatives, including earnings reports, technology partnerships, and leadership developments. Our curated feed ensures you stay informed about the company's progress in modernizing enterprise systems and expanding its global service offerings.
Key coverage areas include digital transformation milestones, client success stories, and operational expansions. All content is sourced directly from Endava's communications and reputable financial publications, maintaining strict editorial standards for accuracy and relevance.
Bookmark this page for convenient access to Endava's latest business developments. Check regularly for updates on the company's innovative approaches to software development and IT consulting services across key industries.
Endava (NYSE: DAVA), a global digital transformation and intelligent automation services provider, has announced a strategic partnership with OpenAI to deploy ChatGPT Enterprise licenses across its 11,000+ global workforce. This move underscores Endava's commitment to leveraging cutting-edge AI technology to enhance operations, drive innovation, and accelerate impact for clients.
Endava's CTO, Matt Cloke, emphasized the important role of AI in revolutionizing product innovation and streamlining business operations. The company has already piloted the technology with a team of 'ChatGPT Champions' across various business functions, integrating it with internal systems to establish best practices. To ensure responsible use, Endava will launch a mandatory AI training module for all employees.
This partnership follows Endava's recent launch of Morpheus, its proprietary agentic AI industry accelerator for highly regulated industries, further solidifying the company's commitment to AI-driven solutions.
Endava (NYSE: DAVA), a prominent technology services company, has announced an expanded partnership with Google Cloud. This development underscores Endava's expertise in delivering Google Cloud's Generative AI, Cloud Migration, and Application Modernisation services in the APAC region, covering Australia, New Zealand, and South East Asia. The partnership aims to offer more tailored products and services, leveraging Endava's certified staff and technical accelerators. This move is expected to help companies in the region transition to cloud architecture efficiently, despite potential management complexities and costs. Saurabh Bajaj, APAC Head of Google Cloud at Endava, highlighted the success of their collaboration and the significant leap forward in Endava's regional expansion.
Endava (NYSE: DAVA) announced its Q3 FY2024 results, revealing a 14.3% year-over-year revenue decrease to £174.4 million and a diluted EPS of £(0.03) compared to £0.42 in the previous year. Adjusted diluted EPS was £0.22, down from £0.59. The company reported a loss before tax of £0.5 million, versus a £30.4 million profit in the prior year. Adjusted profit before tax stood at £15.5 million, down from £43.4 million. Operating cash flow was £3.0 million, a significant drop from £25.1 million. The company had £190.0 million in cash and equivalents by March 31, 2024. Endava has used £129.0 million for the acquisition of GalaxE in April 2024. The company anticipates Q4 FY2024 revenue between £195.0 million and £197.0 million, with adjusted EPS ranging from £0.22 to £0.23. For the full fiscal year 2024, revenue is projected to be between £741.0 million and £743.0 million, and adjusted EPS is expected to be between £1.13 and £1.14.
Endava plc (NYSE: DAVA) will announce its Q3 FY2024 financial results on May 23, 2024. The results for the third quarter ended March 31, 2024, will be released before the opening of regular U.S. market hours. Endava's CEO and CFO will discuss the results in a conference call at 8:00 am ET. Webcast and replay information will be available on the investor relations website.
Endava (NYSE 'DAVA') has launched an innovative agentic AI industry accelerator called 'Morpheus', designed to tackle challenges in highly regulated sectors like healthcare, insurance, financial services, and private equity. This accelerator uses large language models and AI to provide transparent and auditable solutions, overcoming common barriers in the industry. The technology is cloud-agnostic and aims to transform businesses by enabling autonomous teams to work more efficiently and meaningfully.
FAQ
What is the current stock price of Endava Plc (DAVA)?
What is the market cap of Endava Plc (DAVA)?
