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 (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.
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.