Endava plc (DAVA) is a next-generation technology services provider that helps enterprises accelerate digital transformation and enhance customer engagement. The company specializes in delivering enterprise platforms capable of handling millions of transactions daily, leveraging its engineering expertise and Agile methodologies. Endava serves clients across various industries, focusing on creating innovative, experience-driven digital platforms and transitioning businesses from legacy systems to modern solutions.
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Payments and Financial Services - Provides technology solutions for payments, banking, capital markets, and insurance industries, enabling clients to enhance transaction efficiency and customer experiences.
- Payments - Focuses on improving payment systems and processes for businesses.
- Banking and Capital Markets (BCM) - Offers solutions for banking operations and capital market transactions.
- Insurance - Delivers digital platforms for insurance providers to streamline operations and improve customer engagement.
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Technology, Media, and Telecommunications (TMT) - Develops digital platforms and strategies for technology, media, and telecom companies to enhance user experiences and operational efficiency.
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Mobility - Designs and implements technology solutions for the mobility sector, supporting advancements in transportation and logistics.
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Other Industries - Expands into diverse sectors such as consumer products, healthcare, and retail, offering tailored digital transformation services to meet industry-specific needs.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
John Cotterell ExecutiveBoard | Chief Executive Officer | None | Founder of Endava; CEO since inception in February 2000; holds a B.Eng. from the University of Bristol and an MBA from Alliance Manchester Business School. | View Report → |
David Churchill Executive | Chief People Officer | None | CPO since July 2021; promoted to executive team in July 2023; joined Endava in 2016 as Head of People and Organisation; previously held HR leadership roles at BT and Arqiva. | |
Julian Bull Executive | Chief Operating Officer | None | COO since July 2023; joined Endava in 2001; previously Chief Commercial Officer (2016-2023) and Sales & Marketing Director (2001-2016); holds a B.A. in Business and French from Bournemouth University. | |
Mark Thurston Executive | Chief Financial Officer | None | CFO since April 2015; previously Group Finance Director at Paragon Education and Skills Ltd.; holds a Physics degree from Durham University and is a Chartered Accountant. | |
Matt Cloke Executive | Chief Technology Officer | None | CTO since July 2023; joined Endava in 2014; previously Chief Catalyst; prior experience includes roles at UBS Investment Bank and American Management Systems. | |
Rohit Bhoothalingam Executive | General Counsel | None | General Counsel since March 2019; oversees Legal, Compliance, and ESG initiatives; previously Associate General Counsel at VEON; holds an LL.M. from Georgetown University Law Center. | |
Ben Druskin Board | Independent Director | Board member at Zensar Technologies | Board member since September 2017; retired from Citigroup as Chairman of Global Technology, Media, and Telecom Investment Banking Group; holds a B.A. in Economics from Rutgers and an MBA from NYU Stern. | |
David Pattillo Board | Independent Director | Manager of Dapa, LLC | Board member since January 2017; previously CFO at ClearStar, Inc.; serves as Chairman of Endava's Audit Committee; holds a B.A. in Economics from Davidson College. | |
Kathryn Hollister Board | Independent Director | Board member at Clear Secure, Inc.; Trustee at Duke University, UC Health Foundation, Cincinnati Museum Center, and 318 Foundation | Board member since October 2022; retired Deloitte partner; holds a B.A. from Duke University and a J.D. from the University of Cincinnati College of Law. | |
Patrick Butcher Board | Independent Director | None | Board member since May 2023; previously CFO at Headlam Group plc and Capita plc; holds a B. Compt. (Hons) in Accounting and Finance from the University of South Africa. | |
Sulina Connal Board | Non-Executive Director | Managing Director of News and Books Partnerships for EMEA at Google | Board member since September 2019; previously held leadership roles at Facebook and Orange; holds an M.A. from the University of Oxford. | |
Trevor Smith Board | Chairman of the Board | None | Chairman since July 2016; joined the board in June 2013; previously CIO for EMEA Region at Goldman Sachs; holds a B.Sc. in Economics from UCW Aberystwyth. |
- Given the increased softness you've observed in the U.K. and Rest of World regions due to a worsening macroeconomic environment, how do you plan to address the unplanned ramp-downs and delays in your pipeline to stabilize revenue in these markets?
- With the shift from traditional digital transformation services to an AI-led model causing longer sales cycles and less predictable decision-making timing, how confident are you in your ability to convert your pipeline of large deals into revenue within your projected timelines?
- Can you provide more details on the £5 million restructuring charge due to headcount reductions, specifically which areas were impacted, and how these reductions might affect your capacity to deliver on new and existing projects?
- Regarding the integration of the GalaxE acquisition, what specific cost optimizations and efficiencies have you realized so far, and are these in line with the profitability improvements you anticipated for the back half of the year?
- Considering the unplanned ramp-downs from clients and the delays in budget confirmations for 2025, what level of visibility do you currently have into your clients' spending plans, and how are you adjusting your strategy to manage potential risks to your revenue guidance?
Research analysts who have asked questions during Endava earnings calls.
James Friedman
Susquehanna Financial Group, LLLP
5 questions for DAVA
James Faucette
Morgan Stanley
4 questions for DAVA
Tyler DuPont
Bank of America
4 questions for DAVA
Yu Lee
Guggenheim Partners
4 questions for DAVA
Bryan Bergin
TD Cowen
3 questions for DAVA
Zachary Ajzenman
TD Cowen
3 questions for DAVA
Antonio Jaramillo
Morgan Stanley
2 questions for DAVA
Bryan Keane
Deutsche Bank
2 questions for DAVA
Harry Read
Redburn Atlantic
2 questions for DAVA
Jonathan Lee
Arias Resource Capital
2 questions for DAVA
Kathleen Kronstein
William Blair & Company, L.L.C.
2 questions for DAVA
Phani Kumar Kanumuri
HSBC
2 questions for DAVA
Margaret Nolan
William Blair & Company
1 question for DAVA
Puneet Jain
JPMorgan Chase & Co.
1 question for DAVA
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
GalaxE Group, Inc. | 2024 | Endava acquired 100% of GalaxE Group, Inc. with a total consideration of $405 million (including cash, stock, and contingent components) to expand its footprint in North America, bolster its expertise in U.S. healthcare (70% revenue from healthcare), and establish its first delivery operations in India with nearly 1,200 employees. |
EQ Tek | 2024 | Endava acquired EQ Tek on February 27, 2024, for a total consideration of £14.8 million (comprising initial cash and deferred payments), enhancing its delivery capabilities in Poland and strengthening its software R&D and IT support services across sectors like financial services, gaming, and technology-led B2C industries. |
TLM Partners, Inc. | 2023 | In August 2023, Endava acquired TLM Partners, Inc. for a total consideration of £16.5 million (including cash, deferred, and contingent components, with potential additional payments for employee retention), strategically boosting its gaming and digital entertainment capabilities and expanding expertise in design, engineering, and art/animation. |
DEK Corporation Pty Ltd, DEK Technologies Sweden AB, and DEK Vietnam Company Ltd | 2023 | Endava completed the acquisition of DEK on June 9, 2023 for a total consideration of £57.1 million (a mix of initial cash, equity, deferred, and contingent payments), which enhances its telecommunications and embedded solutions capabilities while strengthening its presence in the Asia-Pacific region and Sweden, and leveraging Vietnam as a key delivery hub. |
Mudbath & Co. Pty Ltd | 2023 | Endava acquired Mudbath & Co. Pty Ltd on May 10, 2023 for a total consideration of £15.1 million (including cash, equity, deferred, and contingent components), to solidify its presence in Australia and complement its nearshore operations in Malaysia and Vietnam, while adding a skilled team and new client relationships. |
Lexicon Digital Pty Ltd & Lexicon Consolidated Holdings Pty Ltd | 2022 | On October 6, 2022, Endava acquired Lexicon, an Australian-based technology consulting and digital transformation firm, for a total consideration of £55.0 million (comprising cash, shares, and deferred/contingent amounts), strategically enhancing its market presence in Australia and adding a nearshore delivery center in Ho Chi Minh, Vietnam. |
Business Agility Consulting Ltd. (BAC) | 2022 | Endava acquired BAC on February 8, 2022 for a total consideration of approximately £15.031 million (including cash, equity, deferred, and contingent components) with incremental goodwill of £12.78 million, strengthening its insurance software capabilities in the UK and expanding its Western European talent pool with 45 employees. |
Recent press releases and 8-K filings for DAVA.
- Leadership emphasized the company’s evolution from traditional digital transformation to an AI-driven strategy, focusing on modernizing legacy systems and designing scalable enterprise solutions ( , ).
- Deal dynamics were discussed, noting an increase in both the number and average size of large transformation deals, with ideation phases now extending from the historical 3-6 months to over a year in some cases ( , ).
- The smooth integration of the Galaxy acquisition was highlighted, enhancing Endava’s healthcare capabilities and expanding its APAC delivery footprint, while internal AI adoption is boosting productivity ( , , ).
- Strategic Transition: Endava is shifting from its long-standing digital transformation model (2003–2023) to an AI-driven approach that emphasizes integrating legacy systems for core modernization.
- Investment in Accelerators: The firm is investing in proprietary IP and accelerator tools—including the acquisition of Galaxy—to boost productivity and modernize client solutions.
- Geographic & Sector Diversification: Endava is broadening its client base across regions (Asia Pacific, Latin America, and Central Europe) and industries, with particular emphasis on banking, capital markets, and revitalizing payments efforts.
- Adoption of Agentic AI: The company is deploying agentic AI alongside its teams to enhance coding productivity, though current adoption remains low (<5%), with expectations for margin and efficiency improvements as the model scales.
- Endava delivered its Q3 2025 earnings, reinforcing its position as a leading provider of next-generation technology services and digital transformation solutions with a global footprint and a strong base of 11,365 employees as of March 2025.
- The report highlights robust revenue performance with a 20.5% CAGR from FY20–FY24 and a +11.7% Q3 YoY revenue increase, underscoring the company’s growth momentum.
- Client metrics remain solid with top 10 clients accounting for 39% of total revenue in Q3 FY25 and a diversified geographical revenue mix, including 37% from North America and 35% from the UK.
- Revenue for the six months ended December 31, 2024 was £390,641k, up from £371,973k in 2023, demonstrating growth in topline performance.
- The profit attributable to equity holders declined to £9,098k in 2024 compared to £20,713k in 2023, despite a positive operating profit of £6,363k.
- The overall comprehensive income turned negative at £(4,715)k in 2024, primarily due to adverse foreign exchange impacts, contrasting with £22,582k in 2023.
- Endava’s general meeting on March 14, 2025, approved a resolution authorizing the negotiation of share repurchase contracts for its Class A ordinary shares, with 93.80% of votes in favor ( ).
- The resolution empowers the Board to enter into contracts with specified counterparties under predetermined terms, remaining valid for up to five years ( ).
- The full resolution details are available on the Company's website, and the report was duly signed by CEO John Cotterell on March 17, 2025 ( ).
- Endava observed a shift in customer behavior during December and January, with increased due diligence and project delays impacting revenue for the quarter to March, though an improvement was noted in February and March. The market remains subdued with a mixed picture, including delays from PE-backed businesses but acceleration in some payments and TMT sectors.
- Geographically, Endava anticipates near-term weakness in North America (driven by West Coast tech and TMT) and a flat sequential performance in the UK, while Europe continues to be robust across all sectors.
- The company's bench is currently over 10%, negatively affecting gross margins, leading to a strategy to burn down the bench and slow the rate of recruitment.
- The pricing environment is less positive than last year, with modest price improvements expected, and no price increases factored into the Q3 guidance. Acquisition valuations remain elevated, but Endava is pursuing additive opportunities in Asia Pacific and North America, exercising caution due to the macro environment.
- Endava reported Q3 FY2021 revenue of £112.3 million, representing 23.8% year-on-year growth in constant currency, and an adjusted profit for the period of £19.3 million, a 51% year-on-year increase.
- The company ended the quarter with 567 active clients, a 43.5% year-on-year increase, and 8,127 employees, a 25.6% increase from the prior year.
- For Q4 FY2021, Endava expects revenues in the range of £130 million to £132 million, representing 51-53% constant currency revenue growth, and adjusted diluted EPS between £0.34 and £0.36.
- The company's full-year FY2021 revenue guidance is £443 million to £445 million, with 29-30% constant currency growth, and adjusted diluted EPS between 122p and 124p.
- Strategic initiatives include continued M&A activity focused on geographic expansion and sector acceleration, alongside a planned gradual return to a hybrid office model starting in the second half of the calendar year.
- Endava reported Q2 FY2021 revenue of £105.2 million, marking a 22.5% increase year-on-year, with constant currency revenue growth at 21.4%.
- For Q2 FY2021, adjusted profit before tax was £20.6 million, and adjusted diluted EPS was 29p.
- The company expanded its client base, ending the quarter with 521 active clients, a 42% year-on-year increase, and 75 clients paying over £1 million, up 15% from the prior year.
- Endava provided Q3 FY2021 revenue guidance in the range of £110 million to £111.5 million and full-year FY2021 revenue guidance between £423 million and £426 million.
- The company plans for slightly faster hiring in Q3 and Q4 FY2021 and continues to pursue M&A opportunities for geographic and sector rebalancing.
- Endava reported revenue of GBP 95.1 million for the first quarter of fiscal year 2021 (three months ended September 30, 2020), marking a 15.5% increase year-over-year, or 20.1% on a constant currency basis when adjusted for the Worldpay Captive divestment.
- Adjusted diluted EPS was 26p (GBP 0.26) for the quarter, an 8.3% increase compared to the same period last year.
- The company provided guidance for Q2 fiscal year 2021, expecting revenue in the range of GBP 102 million to GBP 104 million and adjusted diluted EPS between £0.25 and £0.26 per share.
- For the full fiscal year 2021, Endava anticipates revenue between GBP 419 million and GBP 421 million, representing constant currency growth of 20% to 20.5%, and adjusted diluted EPS in the range of £1.04 to £1.08 per share.
- Endava's active client base grew to 501, an 80.2% increase year-over-year, driven by continued demand for digital transformation and expansion in sectors like mobility.
- Endava reported strong financial results for Q4 fiscal year 2020, with revenue of £90.5 million (up 18.1% year-on-year) and adjusted diluted EPS of £0.23 (up 15% year-on-year). For the full fiscal year 2020, revenue reached £351 million (up 21.9% year-on-year) and adjusted diluted EPS was £1.00 (up 31.6% year-on-year).
- The company significantly expanded its client base, ending Q4 fiscal year 2020 with 416 active clients, a 51.3% increase year-on-year, and grew its employee count to 6,624, up 15.1% from the prior year.
- Strategic initiatives included the acquisition of Contrade Digital Services (CDS) and Intuitus in fiscal year 2020, expanding its European presence and private equity footprint.
- For Q1 fiscal year 2021, Endava provided guidance expecting revenues between £93 million and £94 million and adjusted diluted EPS in the range of £0.21 to £0.22 per share, citing caution due to ongoing COVID-19 uncertainties for not issuing full-year guidance.