Ankündigung • May 24
Endava plc Reports Goodwill Impairment Charges for the Third Quarter Ended March 31, 2026 Endava plc reported goodwill impairment charges for the third quarter ended March 31, 2026. For the quarter, the company reported an impairment of GBP 364,624,000 against goodwill, which is included as an exceptional item in the condensed consolidated statements of comprehensive income. This goodwill impairment has arisen due to the performance of the Company in the year to date, as well as management's reforecast of the Company's future performance through to fiscal year 2031 and into perpetuity, by comparing the Company's recoverable amount derived from future forecasts to the Company's enterprise value. Ankündigung • May 23
Endava plc Provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2026 Endava plc provided earnings guidance for the fourth quarter and full Fiscal Year 2026. For the quarter, company expects revenue will be in the range of GBP 181.0 million to GBP 185.0 million.
For the year, company expected expects revenue will be in the range of GBP 721.8 million to GBP 725.8 million. Reported Earnings • May 23
Third quarter 2026 earnings released: UK£7.55 loss per share (vs UK£0.18 profit in 3Q 2025) Third quarter 2026 results: UK£7.55 loss per share (down from UK£0.18 profit in 3Q 2025). Revenue: UK£178.5m (down 8.4% from 3Q 2025). Net loss: UK£394.4m (down UK£405.4m from profit in 3Q 2025). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Global IT industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Board Change • May 15
High number of new directors Chair of Global Advisory Board & Chief Engagement Officer Alastair Lukies was the last director to join the board, commencing their role in 2025. Ankündigung • May 08
Endava plc to Report Q3, 2026 Results on May 21, 2026 Endava plc announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on May 21, 2026 Reported Earnings • Mar 31
Second quarter 2026 earnings released: UK£0.13 loss per share (vs UK£0.12 profit in 2Q 2025) Second quarter 2026 results: UK£0.13 loss per share (down from UK£0.12 profit in 2Q 2025). Revenue: UK£184.1m (down 5.9% from 2Q 2025). Net loss: UK£6.91m (down 201% from profit in 2Q 2025). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global IT industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 25 percentage points per year, which is a significant difference in performance. Board Change • Mar 31
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chair of Global Advisory Board & Chief Engagement Officer Alastair Lukies was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 21
Second quarter 2026 earnings released: UK£0.13 loss per share (vs UK£0.12 profit in 2Q 2025) Second quarter 2026 results: UK£0.13 loss per share (down from UK£0.12 profit in 2Q 2025). Revenue: UK£184.1m (down 5.9% from 2Q 2025). Net loss: UK£6.91m (down 201% from profit in 2Q 2025). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global IT industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. New Risk • Feb 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 8.6% per year for the foreseeable future. Ankündigung • Feb 19
Endava plc Provides Earnings Guidance for the Third Quarter and Full Fiscal Year 2026 Endava plc provided earnings guidance for the third Quarter and full Fiscal Year 2026 . For the quarter, company expects revenue will be in the range of £182.0 million to £185.0 million, representing a constant currency revenue decline of between (4.0)% and (2.5)% on a year over year basis.
For the year, company expected expects revenue will be in the range of £736.0 million to £750.0 million, representing a constant currency revenue decline of between (3.5)% and (1.5)% on a year over year basis. Board Change • Feb 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chair of Global Advisory Board & Chief Engagement Officer Alastair Lukies was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 06
Endava plc to Report Q2, 2026 Results on Feb 19, 2026 Endava plc announced that they will report Q2, 2026 results Pre-Market on Feb 19, 2026 Ankündigung • Nov 18
Endava Launches Dava.Rise to Accelerate Enterprise Innovation Endava announced the launch of Dava.Rise, a new programme designed to connect high-potential scale-ups with global enterprises seeking to accelerate innovation. Dava.Rise bridges the gap between enterprise demand for rapid innovation and the solutions emerging from scale-up ecosystem. By utilising Endava’s international industry network, the programme identifies the key challenges and trends faced by enterprises and matches them with pioneering scale-ups. For participating scale-ups, Dava.Rise will look at each organisation’s product-market fit, seeking to demonstrate the value and scalability of proof-of-concept frameworks, and to help accelerate each firm’s commercial pathways to those typically reached later in the venture cycle. Endava’s experts also provide go-to-market support with sales and customer engagement. The programme offers access to mentorships, industry-led workshops, as well as technical guidance so that scale-ups can meet enterprise-grade standards at speed. For enterprises, the programme will provide a credible route to adopting potential new, innovative technologies. In addition, Endava’s partners have the opportunity to engage with a strong pipeline of enterprise targeted scale-ups. Dava.Rise fosters close collaboration between investors, ventures, and industry leaders. Ankündigung • Nov 13
Endava plc, Annual General Meeting, Dec 10, 2025 Endava plc, Annual General Meeting, Dec 10, 2025. Location: offices of cooley (uk) llp, at 22 bishopsgate, ec2n 4bq, london United Kingdom Reported Earnings • Nov 12
First quarter 2026 earnings released: UK£0.15 loss per share (vs UK£0.038 profit in 1Q 2025) First quarter 2026 results: UK£0.15 loss per share (down from UK£0.038 profit in 1Q 2025). Revenue: UK£178.2m (down 8.6% from 1Q 2025). Net loss: UK£8.16m (down 463% from profit in 1Q 2025). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global IT industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 11 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to Mex$128, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 17x in the IT industry globally. Total loss to shareholders of 79% over the past year. Ankündigung • Nov 12
Endava plc Provides Earnings Guidance for Second Quarter and Full Year 2026 Endava plc provided earnings guidance for second quarter and full year 2026. For the quarter the company expects revenue will be in the range of £179.0 million to £182.0 million, representing a constant currency revenue decline of between (8.0)% and (7.0)% on a year over year basis.
Full Fiscal Year 2026, the company expects revenue will be in the range of £735.0 million to £752.0 million, representing a constant currency revenue change of between (4.5)% and (2.5)% on a year over year basis. Ankündigung • Oct 29
Endava plc to Report Q1, 2026 Results on Nov 11, 2025 Endava plc announced that they will report Q1, 2026 results Pre-Market on Nov 11, 2025 Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Mex$180, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 18x in the IT industry globally. Total loss to shareholders of 63% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$348 per share. New Risk • Sep 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Reported Earnings • Sep 06
Full year 2025 earnings released: EPS: UK£0.36 (vs UK£0.29 in FY 2024) Full year 2025 results: EPS: UK£0.36 (up from UK£0.29 in FY 2024). Revenue: UK£772.3m (up 4.3% from FY 2024). Net income: UK£21.2m (up 24% from FY 2024). Profit margin: 2.7% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Global IT industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 6 percentage points per year, which is a significant difference in performance. Ankündigung • Sep 04
Endava plc Provides Earnings Guidance for the First Quarter and Full Fiscal Year 2026 Endava plc provided earnings guidance for the first quarter and full fiscal year 2026. For the quarter, the company expects revenue will be in the range of £181.0 million to £183.0 million, representing a constant currency revenue decrease of between (6.0)% and (5.0)% on a year over year basis.
For the year, the company expects revenue will be in the range of £750.0 million to £765.0 million, representing a constant currency revenue change of between (1.5)% and 0.5% on a year over year basis. Board Change • Sep 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chair of Global Advisory Board & Chief Engagement Officer Alastair Lukies was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Aug 22
Endava plc to Report Q4, 2025 Results on Sep 04, 2025 Endava plc announced that they will report Q4, 2025 results Pre-Market on Sep 04, 2025 Board Change • Aug 15
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chair of Global Advisory Board & Chief Engagement Officer Alastair Lukies was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 10
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chair of Global Advisory Board Alastair Lukies was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jul 08
Endava plc Announces Executive Changes Endava plc announced changes to its executive team. John Cotterell, CEO, has assumed additional operational responsibilities for the sales and go-to-market strategy, reflecting a strategic move towards a more centralised leadership model. This follows the retirement of Julian Bull, Endava’s Chief Operating Officer. As part of this broader leadership evolution, Alastair Lukies CBEhas joined Endava as Chief Engagement Officer,with a specific focus on further deepening stakeholder engagement, externally and internally. Alastair is also responsible for chairing Endava’s recently announced Global Advisory Board as the business focuses on AI driven growth. The Global Advisory Board’s members bring a plethora of experience across industries and regions, reflecting the breadth of the technology industry today. Returning to a senior leadership role, Rob Machin has been appointed Chief People and Locations Officer. Rob, a former COO of the company, will focus on building on the strong engineering culture to continue to deliver significant value to the clients in both complex programmes of core systems modernisation and by utilising productivity gains from use of AI technologies. Rob succeeds David Churchill, Chief People Officer, who has stepped down from the role and will leave the company. Board Change • Jul 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chair of Global Advisory Board Alastair Lukies was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jun 24
Endava Announces the Formation of Global Advisory Board Endava announced the formation of its global advisory board. Following 18 months of embedding AI across its own operations and collaborating with strategic partners and clients to drive AI-powered business outcomes, Endava has formed a prestigious group of advisors and ambassadors to help Endava in aiding the world’s leading companies harness the power of AI to achieve transformative results. Their remit includes advising Endava’s leadership on growth strategies in technology-related sectors; offering insights and perspectives on wider industry trends and market opportunities; and supporting Endava and its clients in navigating global challenges and opportunities in technology transformation. The advisory group has been carefully selected to cover key industries, use cases and themes that are transforming the way the world works. Chaired by Alastair Lukies CBE and with Dame Alison Rose as Co-Chair, it will support Endava’s executive leadership and industry stakeholders to provide cutting edge technology services. The Global Advisory Board’s members bring a plethora of experience across industries and regions, reflecting the breadth of the technology industry today. In addition to Lukies and Rose, members include Lord Christopher Holmes of Richmond MBE, member of the House of Lords; Dr Orlando Machado, former Chief Data Officer at the LEGO Group; Adam Banks, former CIO at Maersk; Simon Jones, international relations expert and celebrated author; Stephen C. Daffron, Co-Founder of Motive Partners; Garry Lyons, Founder and CEO of Shipyard Technology Ventures; John W. Thompson, Venture Partner at Lightspeed; Sandi Thompson, immigration attorney and former IBM executive; Sam Balaji, Tech Investor and former Global CEO of Deloitte Consulting and David Yates, former President at Mastercard. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Mex$297, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the IT industry globally. Total loss to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$462 per share. Reported Earnings • May 16
Third quarter 2025 earnings released: EPS: UK£0.18 (vs UK£0.03 loss in 3Q 2024) Third quarter 2025 results: EPS: UK£0.18 (up from UK£0.03 loss in 3Q 2024). Revenue: UK£194.8m (up 12% from 3Q 2024). Net income: UK£10.9m (up UK£12.7m from 3Q 2024). Profit margin: 5.6% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings. Ankündigung • May 15
Endava plc Provides Earnings Guidance for the Fourth Quarter and Full Year of 2025 Endava plc provided earnings guidance for the fourth quarter and full year of 2025. For the fourth quarter of 2025, Endava expects revenue will be in the range of £186.0 million to £188.0 million, representing a constant currency revenue change of between (1.0)% and 0.0% on a year over year basis.
For the full year, Endava expects revenue will be in the range of £771.5 million to £773.5 million, representing a constant currency revenue increase of between 6.0% and 6.5% on a year over year basis. This guidance for the fourth quarter and full fiscal year 2025 assumes the exchange rates on April 30, 2025 (when the exchange rate was GBP 1 to USD 1.34 and EUR 1.18). Buy Or Sell Opportunity • May 14
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 46% to Mex$365. The fair value is estimated to be Mex$516, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 647% in the next 2 years. Ankündigung • May 01
Endava plc to Report Q3, 2025 Results on May 14, 2025 Endava plc announced that they will report Q3, 2025 results Pre-Market on May 14, 2025 Reported Earnings • Feb 26
Second quarter 2025 earnings released: EPS: UK£0.12 (vs UK£0.14 in 2Q 2024) Second quarter 2025 results: EPS: UK£0.12 (down from UK£0.14 in 2Q 2024). Revenue: UK£195.6m (up 6.6% from 2Q 2024). Net income: UK£6.85m (down 18% from 2Q 2024). Profit margin: 3.5% (down from 4.5% in 2Q 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 41% per year. Ankündigung • Feb 06
Endava plc to Report Q2, 2025 Results on Feb 20, 2025 Endava plc announced that they will report Q2, 2025 results Pre-Market on Feb 20, 2025 New Risk • Nov 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Ankündigung • Nov 14
Endava plc, Annual General Meeting, Dec 12, 2024 Endava plc, Annual General Meeting, Dec 12, 2024. Location: at 22 bishopsgate, ec2n 4bq, london United Kingdom Reported Earnings • Nov 14
First quarter 2025 earnings released: EPS: UK£0.038 (vs UK£0.21 in 1Q 2024) First quarter 2025 results: EPS: UK£0.038 (down from UK£0.21 in 1Q 2024). Revenue: UK£195.1m (up 3.5% from 1Q 2024). Net income: UK£2.25m (down 82% from 1Q 2024). Profit margin: 1.2% (down from 6.6% in 1Q 2024). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to Mex$615, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 20x in the IT industry globally. Total loss to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$600 per share. Ankündigung • Nov 12
Endava plc Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2025 Endava plc provided earnings guidance for the second quarter and Full Fiscal Year 2025. For the quarter, the company expects revenue will be in the range of £195.0 million to £197.0 million, representing a constant currency revenue increase of between 8.5% and 9.5% on a year over year basis.
For the year, the company expects revenue will be in the range of £800.0 million to £810.0 million, representing a constant currency revenue increase of between 10.0% and 11.5% on a year over year basis. Ankündigung • Oct 29
Endava plc to Report Q1, 2025 Results on Nov 12, 2024 Endava plc announced that they will report Q1, 2025 results Pre-Market on Nov 12, 2024 New Risk • Sep 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Sep 20
Full year 2024 earnings released: EPS: UK£0.29 (vs UK£1.64 in FY 2023) Full year 2024 results: EPS: UK£0.29 (down from UK£1.64 in FY 2023). Revenue: UK£740.8m (down 6.8% from FY 2023). Net income: UK£17.1m (down 82% from FY 2023). Profit margin: 2.3% (down from 12% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Global IT industry. Ankündigung • Sep 20
Endava plc Provides Earnings Guidance for the First Quarter and Full Year 2025 Endava plc provided earnings guidance for the first quarter and full year 2025. for the quarter, the company expects revenue will be in the range of £194.0 million to £195.0 million, representing a constant currency revenue increase of between 4.5% and 5.0% on a year over year basis.
For the year, the company expects revenue will be in the range of £800.0 million to £810.0 million, representing a constant currency revenue increase of between 10.0% and 11.5% on a year over year basis. Ankündigung • Sep 06
Endava plc to Report Q4, 2024 Results on Sep 19, 2024 Endava plc announced that they will report Q4, 2024 results Pre-Market on Sep 19, 2024 Ankündigung • Aug 27
Scott+Scott Attorneys at Law LLP Files Securities Class Action Against Endava, PLC Scott+Scott Attorneys at Law LLP (“Scott+Scott”) has filed a securities class action lawsuit in the United States District Court for the Southern District of New York against Endava, PLC, and certain of its former and current officers and/or directors. The Class Action asserts claims under §§10(b) and 20(a) of the Securities Exchange Act of 1934 (15 U.S.C. §§78j(b) and 78t(a)) and U.S. Securities and Exchange Commission Rule 10b-5 promulgated thereunder (17 C.F.R. §240.10b-5) on behalf of all persons other than Defendants who purchased or otherwise acquired Endava securities between May 23, 2023, and February 28, 2024, inclusive, and were damaged thereby. The Class Action filed by Scott+Scott is captioned: Mueller v. Endava, PLC., et al.,Case No. 1:24-cv-06423. Reported Earnings • May 25
Third quarter 2024 earnings released: UK£0.03 loss per share (vs UK£0.42 profit in 3Q 2023) Third quarter 2024 results: UK£0.03 loss per share (down from UK£0.42 profit in 3Q 2023). Revenue: UK£174.4m (down 14% from 3Q 2023). Net loss: UK£1.74m (down 107% from profit in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Ankündigung • May 24
Endava plc Provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2024 Endava plc provided earnings guidance for the fourth quarter and full fiscal year 2024. For the quarter, the company expects revenue will be in the range of £195.0 million to £197.0 million, representing a constant currency revenue growth of between 3.5% and 4.5% on a year over year basis.For the year, the company expects revenue will be in the range of £741.0 million to £743.0 million, representing a constant currency revenue decrease of between 4.5% and 4.0% on a year over year basis. Ankündigung • May 11
Endava plc to Report Q3, 2024 Results on May 23, 2024 Endava plc announced that they will report Q3, 2024 results Pre-Market on May 23, 2024 Ankündigung • Apr 30
Endava plc Creates Agentic AI Industry Accelerator for Highly Regulated Industries Endava plc announced the launch of its innovative agentic AI industry accelerator, internally designated as Morpheus. The first of its kind, the accelerator and its AI-powered industry tools combine the power of data and multi-agent autonomous teams to tackle complex challenges across all industries, including highly regulated fields like healthcare, insurance, financial services and private equity. To date, large language models (LLMs) and AI have existed in a 'black box' with little insight into how the systems arrive at the answers they provide. Endava is changing this by operationalising LLMs around data to overcome common barriers caused by hallucinations, ensuring that all activity is transparent, knowable, and critically, auditable. Rolling out throughout regulated industries, Endava’s agentic accelerator can be used to deliver value in countless ways such as helping insurers with underwriting policies more efficiently, working with analysts on legal or financial research and due diligence efforts and driving the development and testing of new healthcare products. 'Morpheus' represents the first significant step in applying advanced language model operations to automate complex processes within industries with strict regulatory requirements or data transparency needs. The heart of the design is based on three foundational themes: Data at the core with full transparency. Teams of agents to break down complex workflows. Dynamic scaling of teams to accelerate processes. Lead AI agents distribute workload amongst a team of specialist agents, collating their results and orchestrating the next workflow steps while also capturing data for traceability and governance at every step. LLM- and cloud-agnostic, Endava’s AI accelerator is a flexible and trustworthy way to rapidly transform businesses across any industry. Creating data products in this way enables an entirely new avenue of thinking about autonomous teams, removing the notion of constraints and freeing up entire workforces to do more meaningful work. Ankündigung • Apr 11
Endava plc (NYSE:DAVA) acquired GalaxE Group, Inc. Endava plc (NYSE:DAVA) agreed to acquire GalaxE Group, Inc for approximately $410 million on February 29, 2024. The consideration is primarily in cash with some stock, of which $30 million is conditional upon future performance of the GalaxE business. The transaction is subject to the completion of customary closing conditions, approvals, including the expiration of the required waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 and is expected to close in early April 2024. BofA Securities, Inc. acted as financial advisor and Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to Endava plc (NYSE:DAVA). J.P. Morgan Securities LLC acted as financial advisor and White & Case LLP acted as legal advisor to GalaxE Group, Inc.
Endava plc (NYSE:DAVA) completed the acquisition of GalaxE Group, Inc on February 29, 2024. Reported Earnings • Mar 29
Second quarter 2024 earnings released: EPS: UK£0.14 (vs UK£0.26 in 2Q 2023) Second quarter 2024 results: EPS: UK£0.14 (down from UK£0.26 in 2Q 2023). Revenue: UK£183.6m (down 11% from 2Q 2023). Net income: UK£8.35m (down 44% from 2Q 2023). Profit margin: 4.5% (down from 7.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Second quarter 2024 earnings released: EPS: UK£0.14 (vs UK£0.26 in 2Q 2023) Second quarter 2024 results: EPS: UK£0.14 (down from UK£0.26 in 2Q 2023). Revenue: UK£183.6m (down 11% from 2Q 2023). Net income: UK£8.35m (down 44% from 2Q 2023). Profit margin: 4.5% (down from 7.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Ankündigung • Mar 01
Endava plc (NYSE:DAVA) agreed to acquire GalaxE Group, Inc. Endava plc (NYSE:DAVA) agreed to acquire GalaxE Group, Inc for approximately $405 million on February 29, 2024. The consideration is primarily in cash with some stock, of which $30 million is conditional upon future performance of the GalaxE business. The transaction is subject to the completion of customary closing conditions, approvals, including the expiration of the required waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 and is expected to close in early April 2024. BofA Securities, Inc. acted as financial advisor and Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to Endava plc (NYSE:DAVA). J.P. Morgan Securities LLC acted as financial advisor and White & Case LLP acted as legal advisor to GalaxE Group, Inc. Ankündigung • Feb 29
Endava plc Provides Earnings Guidance for the Third Quarter and Full Year of 2024 Endava plc provided earnings guidance for the third quarter and full year of 2024. for the quarter, the company expects revenue will be in the range of £174.0 million to £176.0 million, representing a constant currency revenue decrease of between 12.0% and 11.0% on a year over year basis. For the full year, the company expects revenue will be in the range of £722.0 million to £735.0 million, representing a constant currency revenue decrease of between 7.0% and 5.0% on a year over year basis. Ankündigung • Feb 13
Endava plc to Report Q2, 2024 Results on Feb 29, 2024 Endava plc announced that they will report Q2, 2024 results Pre-Market on Feb 29, 2024 Reported Earnings • Nov 17
First quarter 2024 earnings released: EPS: UK£0.21 (vs UK£0.56 in 1Q 2023) First quarter 2024 results: EPS: UK£0.21 (down from UK£0.56 in 1Q 2023). Revenue: UK£188.4m (down 3.9% from 1Q 2023). Net income: UK£12.4m (down 61% from 1Q 2023). Profit margin: 6.6% (down from 16% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Ankündigung • Nov 17
Endava plc Provides Guidance for the Second Quarter and for the Full Year 2024 Endava plc provided guidance for the second quarter and for the full year 2024. For the quarter, the company expects revenues will be in the range of £184.0 million to £185.0 million, representing a constant currency revenue decrease between 8.5% and 8.0%.For the period, the company expects revenues will be in the range of £791.0 million to £805.0 million, representing constant currency growth between 1.0% and 2.5%. New Risk • Nov 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Ankündigung • Nov 14
Endava plc, Annual General Meeting, Dec 13, 2023 Endava plc, Annual General Meeting, Dec 13, 2023, at 09:30 US Eastern Standard Time. Location: offices of Cooley (UK) LLP, 22 Bishopsgate, London EC2N 4BQ United Kingdom Agenda: To receipt and adoption of the 2023 Annual Report and Accounts; to approve the Directors’ remuneration; to approve appointment and remuneration of the auditor, respectively.; to consider re-election of members of the board of directors in accordance with the Company’s articles of association; and to consider if any other. Ankündigung • Nov 02
Endava plc to Report Q1, 2024 Results on Nov 15, 2023 Endava plc announced that they will report Q1, 2024 results Pre-Market on Nov 15, 2023 Reported Earnings • Sep 25
Full year 2023 earnings released: EPS: UK£1.64 (vs UK£1.48 in FY 2022) Full year 2023 results: EPS: UK£1.64 (up from UK£1.48 in FY 2022). Revenue: UK£794.7m (up 21% from FY 2022). Net income: UK£94.2m (up 13% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Ankündigung • Sep 20
Endava plc Provides Earnings Outlook for the First Quarter and Full Fiscal Year 2024 Endava plc provided earnings outlook for the First Quarter and Full Fiscal Year 2024. For the Quarter, the company expects revenues will be in the range of £186.0 million to £187.0 million, representing constant currency revenue decline between (2.0)% and (1.0)%.For the Year, the company expects revenues will be in the range of £780.0 million to £795.0 million, representing constant currency growth between 1.0% and 3.0%. Ankündigung • Sep 06
Endava plc to Report Q4, 2023 Results on Sep 19, 2023 Endava plc announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Sep 19, 2023 Ankündigung • Aug 05
Endava plc acquired TLM Partners, Inc. Endava plc acquired TLM Partners, Inc on August 3, 2023.Endava plc completed the acquisition of TLM Partners, Inc on August 3, 2023. Ankündigung • Jun 10
Endava plc (NYSE:DAVA) acquired Dek Corporation Pty Ltd. Endava plc (NYSE:DAVA) acquired Dek Corporation Pty Ltd on June 9, 2023. Endava plc (NYSE:DAVA) Completed the acquisition of Dek Corporation Pty Ltd on June 9, 2023. Ankündigung • May 24
Endava plc Announces Revenue Guidance for the Fourth Quarter and Full Year of 2023 Endava plc announced revenue guidance for the fourth quarter and full year of 2023. For the quarter, the company expected revenue to be in the range £187.0 million to £189.0 million, representing constant currency revenue growth of between 3.0% and 4.0%. For the year, the company expected revenue to be in the range £792.0 million to £794.0 million, representing constant currency revenue growth of between 16.0% and 16.5%. Reported Earnings • May 24
Third quarter 2023 earnings released: EPS: UK£0.42 (vs UK£0.35 in 3Q 2022) Third quarter 2023 results: EPS: UK£0.42 (up from UK£0.35 in 3Q 2022). Revenue: UK£203.5m (up 20% from 3Q 2022). Net income: UK£24.4m (up 21% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Global IT industry. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to Mex$860, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the IT industry globally. Simply Wall St's valuation model estimates the intrinsic value at Mex$696 per share. Ankündigung • May 11
Endava plc (NYSE:DAVA) acquired Mudbath & Co. Pty Ltd. Endava plc (NYSE:DAVA) acquired Mudbath & Co. Pty Ltd on May 10, 2023. Endava plc (NYSE:DAVA) Completed the acquisition of Mudbath & Co. Pty Ltd on May 10, 2023. Ankündigung • May 10
Endava plc to Report Q3, 2023 Results on May 23, 2023 Endava plc announced that they will report Q3, 2023 results Pre-Market on May 23, 2023 Reported Earnings • Mar 24
Second quarter 2023 earnings released: EPS: UK£0.26 (vs UK£0.27 in 2Q 2022) Second quarter 2023 results: EPS: UK£0.26 (down from UK£0.27 in 2Q 2022). Revenue: UK£205.2m (up 30% from 2Q 2022). Net income: UK£15.0m (down 2.5% from 2Q 2022). Profit margin: 7.3% (down from 9.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Mar 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Katy Hollister was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to Mex$1,587, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 20x in the IT industry globally. Total loss to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$818 per share. Ankündigung • Feb 15
Endava plc Provides Revenue Guidance for Third Quarter Fiscal Year 2023 and Full Fiscal Year 2023 Endava plc provided revenue guidance for third quarter fiscal year 2023 and full fiscal year 2023. For third quarter fiscal year 2023, the company expects revenues will be in the range £201.0 million to £203.0 million, representing constant currency revenue growth of between 14.0% and 15.0%.For full fiscal year 2023, the company expects revenues will be in the range of £812.0 million to £817.0 million, representing constant currency growth of between 19.0% and 20.0%. Reported Earnings • Feb 15
Second quarter 2023 earnings released: EPS: UK£0.26 (vs UK£0.27 in 2Q 2022) Second quarter 2023 results: EPS: UK£0.26 (down from UK£0.27 in 2Q 2022). Revenue: UK£205.2m (up 30% from 2Q 2022). Net income: UK£15.0m (down 2.5% from 2Q 2022). Profit margin: 7.3% (down from 9.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Global IT industry. Ankündigung • Feb 01
Endava plc to Report Q2, 2023 Results on Feb 14, 2023 Endava plc announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 14, 2023 Reported Earnings • Nov 17
First quarter 2023 earnings released: EPS: UK£0.57 (vs UK£0.37 in 1Q 2022) First quarter 2023 results: EPS: UK£0.57 (up from UK£0.37 in 1Q 2022). Revenue: UK£196.2m (up 33% from 1Q 2022). Net income: UK£31.7m (up 54% from 1Q 2022). Profit margin: 16% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in South America. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 46% per year. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Katy Hollister was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Full year 2022 earnings released Full year 2022 results: EPS: UK£1.48. Revenue: UK£654.8m (up 47% from FY 2021). Net income: UK£83.1m (up UK£83.1m from FY 2021). Profit margin: 13% (up from 0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the IT industry in South America. Over the last 3 years on average, earnings per share has increased by 44% per year and the company’s share price has also increased by 44% per year. Reported Earnings • Sep 27
Full year 2022 earnings released: EPS: UK£1.51 (vs UK£0.79 in FY 2021) Full year 2022 results: EPS: UK£1.51 (up from UK£0.79 in FY 2021). Revenue: UK£654.8m (up 47% from FY 2021). Net income: UK£83.1m (up 91% from FY 2021). Profit margin: 13% (up from 9.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the IT industry in South America. Board Change • Sep 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Sulina Connal was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Aug 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Sulina Connal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Sulina Connal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Sulina Connal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 12
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Sulina Connal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 19
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: UK£0.27 (up from UK£0.14 in 2Q 2021). Revenue: UK£157.7m (up 50% from 2Q 2021). Net income: UK£15.4m (up 98% from 2Q 2021). Profit margin: 9.8% (up from 7.4% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 30%, compared to a 17% growth forecast for the industry in Mexico. Board Change • Feb 19
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Sulina Connal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 22% share price decline to Mex$2,265, the stock trades at a forward P/E ratio of 63x. Average forward P/E is 23x in the IT industry globally. Total returns to shareholders of 42% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,826 per share. Board Change • Jan 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Sulina Connal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Sulina Connal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Sulina Connal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
First quarter 2022 earnings released: EPS UK£0.37 (vs UK£0.12 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: UK£147.5m (up 55% from 1Q 2021). Net income: UK£20.5m (up 206% from 1Q 2021). Profit margin: 14% (up from 7.1% in 1Q 2021). The increase in margin was driven by higher revenue.