Welcome to our dedicated page for Endava news (Ticker: DAVA), a resource for investors and traders seeking the latest updates and insights on Endava stock.
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 (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.
Endava (NYSE: DAVA) will publish its third-quarter results for the period ending March 31, 2022, on May 12, 2022, before U.S. market hours. Following the earnings release, CEO John Cotterell and CFO Mark Thurston will host a conference call at 8:00 am ET to discuss the results. Investors can join the call via toll-free and international dial-in numbers. A replay will also be available on Endava's investor relations website after the call.
Endava plc (NYSE: DAVA) has announced its partnership with Stripe, joining the Stripe Partner Ecosystem to enhance payment solutions for global merchants. This collaboration aims to diversify revenue streams and simplify cross-border commerce through customised services. Petru Metzger, Head of Global Payments Delivery, remarked on addressing the complexities faced by merchants as they expand. This strategic move aligns with Stripe's initiative to facilitate online commerce for businesses globally and provide streamlined support for payment methods.
Guidewire (NYSE: GWRE) has awarded specializations to two consulting partners in Q2 of fiscal year 2022: Business Agility, an Endava company, for InsuranceSuite in EMEA, and Tata Consultancy Services (TCS) for InsuranceSuite Integration in AMER. These specializations require partners to demonstrate expertise in specific Guidewire solutions. Currently, Guidewire PartnerConnect Consulting has achieved a total of 134 specializations, enhancing transparency for insurers seeking knowledgeable partners and enabling specialized promotion across Guidewire products.
Endava plc (NYSE: DAVA) has announced the opening of its first office in location value="LU/ca.on.tornto"Toronto, Canada. This expansion focuses on the financial services sector and includes the establishment of a Physical Computer Center of Excellence. Endava’s North American revenue increased by 80% year-over-year for the quarter ending December 31, 2021, contributing 35% to overall global revenue. The company aims to enhance local client support and continue expanding into various industries in Canada.
Endava plc (NYSE: DAVA) reported a strong Q2 FY2022 with revenue growth of 49.8% year-on-year, reaching £157.7 million. The revenue growth rate at constant currency was 53.4%, compared to 21.4% in the previous year. Diluted EPS rose to £0.27 from £0.14, while adjusted diluted EPS improved to £0.46 from £0.29. Net cash from operating activities also increased to £35.0 million. Looking ahead, Endava forecasts Q3 revenues between £161.0 million and £163.0 million, with adjusted diluted EPS guidance of £0.42 to £0.44.