Financial Data and Key Metrics Changes - The company's revenue totaled £174.4 million for the three months ended March 31, 2024, representing a 14.3% decrease compared to £203.5 million in the same period last year [72] - Adjusted diluted earnings per share was £0.22, down from £0.59 in the same period last year [73] - Adjusted profit before tax margin was 8.9%, compared to 21.3% for the same period last year [103] Business Line Data and Key Metrics Changes - Revenue from payments declined 27% and accounted for 24% of total revenue [75] - Revenue from banking and capital markets declined 24.2%, accounting for 14% of revenue [75] - Revenue from insurance grew 1.7%, accounting for 9% of revenue [75] - Revenue from TMT declined 4%, accounting for 24% of revenue [75] - Revenue from mobility declined 22.4%, accounting for 10% of revenue [75] - Revenue from other grew 3.2%, accounting for 19% of revenue [75] Market Data and Key Metrics Changes - North America accounted for 30% of revenue, Europe for 28%, the UK for 35%, and the rest of the world for 7% [74] - Revenue from North America declined 19.4% [74] - Revenue from Europe grew 0.9%, while the UK declined 22.3% [105] Company Strategy and Development Direction - The company is focusing on diversifying its geographic and industry footprint, particularly expanding in LATAM and Asia PAC [13] - The acquisition of GalaxE is expected to enhance capabilities in the US healthcare sector, which is seen as a significant growth area [63] - The company aims to leverage patented technology and digital transformation capabilities to drive enterprise modernization [91] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging operating environment with macroeconomic uncertainty affecting client spending priorities [89] - There is significant pent-up demand for technology services, particularly for digital transformation and generative AI [89] - The company expects to see stabilization in revenue as new business begins to offset previous declines [41] Other Important Information - Adjusted free cash flow was £2.2 million, down from £21.2 million in the same period last year [106] - The company ended the quarter with 11,025 employees, a 6.1% decrease from the previous year [100] - The integration of GalaxE is progressing well, with early wins already being realized [110] Q&A Session Summary Question: How is the integration of GalaxE Solutions progressing? - The integration is going very well, with new business already being won together, including a contract for a European telco [110] Question: What are the revenue and EPS implications over the next few quarters? - GalaxE is expected to contribute about £21 million run rate on revenue, but negligible to zero EPS contribution in the current quarter due to integration costs [111] Question: Can you provide insights on client behavior and deal closures? - Client behavior is improving, with a larger backlog of business where discovery work is being done, indicating potential future spending [115] Question: How is the company navigating cost pressures in Central Europe? - The company is not experiencing inflationary impacts in Central Europe and is managing costs effectively [85] Question: What is the outlook for the payments vertical? - The payments vertical is under pressure, but there are signs of improvement with Worldpay as restructuring progresses [119] Question: What is the expected growth for fiscal year 2025? - The company is cautious in guidance due to integration challenges with GalaxE, but expects to provide clearer guidance in September [150]

Investor Relations 2024 Opportunity & Approach Advisory and digital strategy • Growth marketing Revenue Over the last five fiscal years, 90.1% of our revenue each fiscal year, on average, came from customers who purchased services from us during the prior fiscal year. Profit before tax (£m) FY19 FY20 FY21 FY22 FY23 _ FY23 FY24 15.5 43.4 22.7 43.0 51.0 66.7 92.1 138.3 164.2 39.5 29.8 FY19 June 30 March 31 9M FY23 9M FY24 FY20 FY21 FY22 FY23 Q1 Q2 68.0 125.9 Q3 20.8% 12.5% 9M comm 9.9% 5.8% Q2 Financials Inve ...

Endava PLC Sponsored ADR (DAVA) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.74%. A quarter ago, it was expected that this company would post earnings of $0.37 per share when it actually produced earnings of $0.37, delivering no surprise. Over the last four quarters, the compan ...

Q3 FY2024 ENDAVA ANNOUNCES THIRD QUARTER FISCAL YEAR 2024 RESULTS Q3 FY2024 14.3% Year on Year Revenue Decrease to £174.4 million 11.8% Revenue Decrease at Constant Currency Diluted EPS £(0.03) compared to £0.42 in the prior year comparative period Adjusted diluted EPS £0.22 compared to £0.59 in the prior year comparative period London, U.K. – Endava plc (NYSE: DAVA) ("Endava" or the "Company"), a leading technology services company combining world-class engineering, industry expertise and a people-centric ...

The market expects Endava PLC Sponsored ADR (DAVA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to ...

LONDON--(BUSINESS WIRE)--Endava plc (NYSE: DAVA), a leading next-generation technology services provider, today announced it will release results for the third quarter ended March 31, 2024, on Thursday, May 23, 2024 before the opening of regular U.S. market hours.Following the release, John Cotterell, Endava’s CEO and Mark Thurston, Endava’s CFO, will discuss the results in a conference call beginning at 8:00 am ET.Conference call access information is:Participant Toll Free Dial-In Number: 1-844-481-2736Par ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Endava plc (DAVA) is a technology services provider. The Zacks Consensus Estimate for its current year earnings has been revised 7.3% downward over the last 60 days.Kosmos Energy Ltd. (KOS) is an exploration and production company. The Zacks Consensus Estimate for its current year earnings has been revised 33.3% downward over the last 60 days.Lavoro Limited (LVRO) is an agricultural inputs retailer company.The Zacks Consensus Estimate ...

The stock market is soaring right now. It might seem too late to get in, given how far momentum stocks have already run up this year. However, there are still great opportunities if you know where to look. These are three quality stocks that have dropped sharply in recent months and are set for a big surge as things turn around. Looking for stocks set to double in 2024? Here are three to put on your watchlist today.Endava (DAVA)Source: BalkansCat / Shutterstock.comEndava (NYSE:DAVA) is one of the three prim ...

Endava plc (NYSE:DAVA) Q2 2024 Results Earnings Conference Call February 29, 2024 8:00 AM ET Company Participants Laurence Madsen - Investor Relations Manager John Cotterell - Chief Executive Officer Mark Thurston - Chief Financial Officer Conference Call Participants Ashwin Shirvaikar - Citigroup Puneet Jain - J.P. Morgan Jesse Wilson - William Blair Bryan Bergin - TD Cowen Antonio Jaramillo - Morgan Stanley Moshe Khatri - Wedbush Securities Bryan Keane - Deutsche Bank Spencer Anson - Susquehanna Internati ...

LONDON--(BUSINESS WIRE)--Endava plc (NYSE: DAVA) ("Endava" or the "Company"), a leading technology services company combining world-class engineering, industry expertise and a people-centric mindset, today announced results for the three months ended December 31, 2023, the second quarter of its 2024 fiscal year ("Q2 FY2024"). "Our results for Q2 FY2024 were in line with our prior guidance, with a revenue decrease of 8.1% in constant currency year over year. The uncertain economic environment continues to ...