Endava PLC

DAVA

Equity

ISIN US29260V1052 / Valor 42666274

New York Stock Exchange, Inc (2024-11-21)

USD 28.48+6.51%

Endava PLC
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About company

Endava PLC is a technology services provider specializing in the development, implementation, and management of digital transformation strategies for businesses across various industries. With a focus on fostering innovation and technical excellence, Endava offers a comprehensive suite of services that encompass software development, automation, cloud computing, and agile transformation. The company's commitment to supporting the next generation of engineers and scientists is evident through its Endava Tech Campus initiative. This program collaborates with non-governmental organizations to deliver educational projects and programs in science, technology, engineering, and mathematics (STEM), aiming to cultivate a skilled workforce adept in addressing the complex challenges of the digital era. Through these efforts, Endava positions itself not only as a provider of cutting-edge technological solutions but also as an active contributor to the broader tech community's growth and development.

Summarized from source with an LLMView SourceSector: Technology

Revenue Decrease

Endava PLC reported a revenue of £174.4 million for Q3 FY2024, marking a 14.3% decrease compared to £203.5 million in the same period of the prior year. The revenue decrease at constant currency was 11.8%, reflecting the challenging demand environment.

Profit and Loss

For Q3 FY2024, Endava PLC experienced a loss before tax of £(0.5) million, compared to a profit before tax of £30.4 million in the same period of the prior year. The loss for the period was £(1.7) million, resulting in a diluted EPS of £(0.03), down from a profit of £24.4 million and diluted EPS of £0.42 in the prior year.

Adjusted Earnings

Endava PLC's adjusted profit before tax for Q3 FY2024 was £15.5 million, or 8.9% of revenue, compared to £43.4 million, or 21.3% of revenue, in the same period of the prior year. Adjusted profit for the period was £12.7 million, resulting in adjusted diluted EPS of £0.22, down from £0.59 in the prior year.

Cash Flow

Net cash from operating activities for Q3 FY2024 was £3.0 million, compared to £25.1 million in the same period of the prior year. Adjusted free cash flow was £2.2 million, down from £21.2 million in the prior year. As of March 31, 2024, Endava had cash and cash equivalents of £190.0 million.

Outlook

For Q4 FY2024, Endava PLC expects revenue to be in the range of £195.0 million to £197.0 million, representing a constant currency revenue growth of 3.5% to 4.5% year over year. The company anticipates adjusted diluted EPS to be between £0.22 and £0.23 per share. For the full fiscal year 2024, revenue is expected to range from £741.0 million to £743.0 million, with adjusted diluted EPS between £1.13 and £1.14 per share.

Summarized from source with an LLMView Source

Key figures

-55.7%1Y

-81.7%3Y

-37.3%5Y

Performance

68.9%1Y

60.6%3Y

54.5%5Y

Volatility