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 (NYSE: DAVA) is a technology-driven business transformation group and provider of next-generation technology services. Its news flow reflects a focus on AI-native capabilities, digital transformation projects and multi-year relationships with organisations across payments, financial services, technology, media, telecommunications, healthcare, mobility, retail and consumer goods.
On this page, readers can follow company announcements about quarterly and annual financial results, including revenue by geography and industry vertical, headcount trends, client concentration and non-IFRS metrics such as revenue growth at constant currency, adjusted profit before tax and adjusted diluted EPS. These earnings releases often discuss the business environment, client demand for innovation and Endava’s approach to AI and engineering.
Endava’s news also covers strategic partnerships and programmes. Examples include a multi-year partnership with Paysafe that combines payments expertise with Endava’s AI-driven engineering and programme delivery capabilities, and an expanded partnership with TRD U.S.A., where Endava acts as Official IT Consulting Partner and uses AI-enabled accelerators and frameworks to modernise core production systems. The launch of the Dava.Rise programme, connecting scale-ups with global enterprises, and the formation of a Global Advisory Board to advise on AI and technology transformation, are additional themes.
Investors and followers of DAVA stock can use this news stream to monitor Endava’s strategic direction, AI-native positioning, client relationships, governance developments such as executive team changes and AGM-related updates, and its role in technology-driven business transformation across multiple regions. Bookmark this page to review new press releases, financial updates and partnership announcements as they are released.
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.
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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.
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.