Endava Plc Stock Price, News & Analysis

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 June 30, 2021 on September 23, 2021, before the U.S. market opens. CEO John Cotterell and CFO Mark Thurston will host a conference call at 8:00 am EST to discuss the results. Interested parties can access the call using the Toll-Free number or via a webcast available on the company’s investor relations website. As of March 31, 2021, Endava employed 8,127 individuals across several locations worldwide.

Endava plc (NYSE: DAVA) reported impressive results for Q3 FY2021, with revenue reaching £112.3 million, a 21.8% year-on-year increase. The revenue growth rate at constant currency was 23.8%. Profit before tax was £16.5 million, down from £18.3 million, but adjusted profit before tax rose to £23.9 million, accounting for 21.3% of revenue, up from 17.4%. The company had cash equivalents of £78.8 million. For Q4 FY2021, Endava expects revenues between £130.0 million to £132.0 million and adjusted diluted EPS of £0.34 to £0.36, illustrating positive guidance amid ongoing challenges from the COVID-19 pandemic.

Endava (NYSE: DAVA) will release its third quarter results for the period ending March 31, 2021, on May 19, 2021, before U.S. market hours. Following the announcement, CEO John Cotterell and CFO Mark Thurston will discuss the results in a conference call at 8:00 am EST. Interested parties can access the call via toll-free or international numbers provided in the release. A replay will be available on Endava's investor relations website. The company focuses on transforming enterprises into digital, experience-driven businesses.

Endava (NYSE: DAVA) has announced its acquisition of Levvel LLC, a technology strategy and consulting firm based in Charlotte, NC. This move aims to accelerate Endava’s growth in the U.S. market, particularly in Payments, Financial Services, and Logistics/Mobility sectors. Levvel, recognized for its strong workplace culture and growth, brings 172 employees and extensive expertise in digital transformation. Endava's CEO stated that the partnership will enhance their U.S. business, while Levvel's leaders expressed excitement about joining forces to create more opportunities.

Endava (NYSE: DAVA) announced its acquisition of Pet Minuta d.o.o. and its U.S. subsidiary, Five Minutes Studio, Inc. (collectively known as FIVE). This strategic move enhances Endava's capabilities in digital product strategy, design, and marketing. FIVE, a digital agency based in Brooklyn and Croatia, has a roster of notable clients such as Rosetta Stone and Napster. The acquisition is expected to boost earnings in the first year, expanding Endava's reach in the U.S. and Adriatic region.

Endava plc (NYSE: DAVA) reported strong Q2 FY2021 results, achieving £105.2 million in revenue, a 22.5% year-on-year increase. The profit before tax reached £10.6 million, reversing a loss of £(17.3) million from the previous year largely due to a one-time bonus. Adjusted profit before tax was £20.6 million (19.6% of revenue). Cash flow from operations improved to £20.4 million. For Q3 FY2021, revenue guidance is £110.0 to £111.5 million, indicating 20.0% to 21.5% growth, while full-year revenue guidance stands at £423.0 to £426.0 million.

Endava (NYSE: DAVA) announced it will report second quarter results for the period ending December 31, 2020, on February 17, 2021, before U.S. market hours. Following the announcement, CEO John Cotterell and CFO Mark Thurston will host a conference call at 8:00 am EST to discuss the results. Participants can join the call via a toll-free number or through the webcast available on Endava's investor relations website. Endava, a technology services provider, focuses on helping clients transition to digital experience-driven businesses across various sectors.