SAN DIEGO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Endava plc (NYSE: DAVA) securities between May 23, 2023 and February 28, 2024, inclusive (the "Class Period"), have until October 25, 2024 to seek appointment as lead plaintiff of the Endava class action lawsuit. Captioned Mueller v. Endava, plc, No. 24-cv-06423 (S.D.N.Y.), the Endava class action lawsuit charges Endava and certain of Endava's top executives with violations of the Securiti ...

SAN DIEGO, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Endava plc (NYSE: DAVA) focused on whether Endava and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors. If you have information that could assist in this investigation or if you are an Endava investor who suffered a loss and would like to learn more, you can provide your i ...

LOS ANGELES, Aug. 12, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Endava plc ("Endava" or "the Company") (NYSE: DAVA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Endava filed a Form 6-K with the SEC on February 29, 2024. The Company reported revenues ...

SAN DIEGO, Aug. 9, 2024 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Endava plc (NYSE: DAVA) (the "Company") or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. What if I purchased Endava securities? If you purchased securities and suffered signif ...

The stock market appears to be entering a major rotation. Over the past week, the largest tech and momentum stocks have started selling off. In particular, firms related to semiconductors and AI have seen their share prices plunge. This could be normal profit-taking after the massive run-up over the past year. There are also concerns that the Republican presidential ticket could shake up the tech landscape, leading to challenges for the leading firms in the field. However, the large companies' struggles cou ...

The tech industry has posted market-beating results in 2024, posting year-to-date returns of 28.33%, beating the S&P 500, which gained 17.73% in the same period. If you have not invested in any tech stock, this is a great time to do so, as tech stocks continue to rise in price. Companies in the tech sector are set to begin releasing their Q2 returns this month, which could boost their share price. Overall, the performance of technology stocks has been rewarding for investors, and these three tech stocks sho ...

It might seem like it's way too late to be looking for undervalued software stocks in July 2024. After all, the Nasdaq 100 Index has been going virtually straight up for the past two years. Most companies related to growth fields such as artificial intelligence (AI) have already rocketed higher in recent months. Valuations are stretched in many leading growth names. However, other software stocks are still trading near multi-year lows and at truly bombed out valuations. These are three profitable software c ...

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 ...