Financial Performance - Endava's revenue for the three months ended September 30, 2025 (Q1 FY25) was £195.1 million, while for the three months ended September 30, 2026 (Q1 FY26) it was £178.2 million, representing a year-over-year decrease of 8.6%[88, 90] - The adjusted profit before tax for Q1 FY25 was £19.232 million, and for Q1 FY26 it was £9.852 million[94] - Adjusted free cash flow for Q1 FY25 was £3.549 million, and for Q1 FY26 it was £9.209 million[116] - The adjusted profit before tax as a percentage of revenue was 9.9% for Q1 FY25 and 5.5% for Q1 FY26[94] Client Relationships - The number of clients with revenue greater than £1 million was 147 in Q1 FY25 and 133 in Q1 FY26[97] - The average spend for top 10 clients was £7.080 million in Q1 FY25 and £6.380 million in Q1 FY26[103] - The average spend for remaining clients was £289,000 in Q1 FY25 and £278,000 in Q1 FY26[105] - Revenue from the top 10 clients accounted for 36% of total revenue in both Q1 FY25 and Q1 FY26[100] Geographical and Vertical Revenue - In Q1 FY26, Europe accounted for 28% of revenue, North America 25%, and the UK 42%[110] - By industry vertical in Q1 FY26, Payments represented 17% of revenue, Banking & Capital Markets 22%, Insurance 9%, Technology, Media & Telecom 17%, Mobility 9%, Healthcare 12%, and Other 14%[110] Employees - As of September 30, 2025, Endava had 11,636 global employees, a 1.6% decrease from Q1 FY25[62]

Company Overview - Endava is a next-generation technology services company focused on digital transformation[14,18] - The company serves a large addressable market with a five-year Compound Annual Growth Rate (CAGR) of 162% for digital transformation investments[26,27] - As of March 31, 2025, Endava has 11,365 global employees, a 31% increase from Q3 FY24[32] - 37% of Endava's total staff are women as of March 31, 2025[32] - Endava has expanded globally to 69 cities across 29 countries[35] Financial Performance - Endava's revenue has grown at a CAGR of 205% from FY20 to FY24[52] - Revenue for Q3 FY25 increased by 117% year-over-year[55] - The top 10 clients account for 34% of total revenue in Q3 FY25[65] - Adjusted Profit Before Tax as a percentage of Revenue is 126% for Q3 FY25[82] Client Metrics - The number of clients with revenue exceeding £1 million is 136 in Q3 FY25[62] - The average spend for the top 10 clients is £21200 thousand in Q3 FY25[67] - The average spend for remaining clients is £710 thousand in Q3 FY25[69] Revenue by Region - 37% of revenue comes from the UK, 35% from Europe, 6% from North America, and 22% from Rest of World (RoW) in Q3 FY25[71]