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DAVA-News
DAVA-Events
Endava Appoints Conor McShane as Interim CFO
Endava announced that Conor McShane of AlixPartners has been appointed as Interim CFO, effective September 21. McShane's appointment follows the decision of the company's Board of Directors, upon the recommendation of the Audit Committee of the Board, to place Mark Thurston, CFO, on administrative leave, also effective September 21. Thurston's leave is pending the conclusion of an ongoing investigation being conducted by independent outside counsel for the Board's Audit Committee, which was initiated in response to concerns about the company's accounting treatment of certain customer and supplier agreements and related matters.
Endava Partners with Wiz to Enhance Cloud Security
Endava (DAVA) announced a collaboration with Wiz, the cloud and AI security platform that is now part of Google Cloud (GOOG). Building on Endava's status as both a Google Cloud Premier Partner and Google Security Partner, Endava has now joined the Wiz Partner Alliance. The new partnership is intended to combine AI-enabled defense, multi-cloud security and agentic AI governance.
Endava Expects Revenue Between GBP 181M and GBP 185M
The company said, "Endava expects revenue will be in the range of GBP 181M to GBP 185M, representing a constant currency revenue decline of between (3.5)% and (1.0)% on a year-over-year basis. Endava expects adjusted diluted EPS to be in the range of GBP 0.09 to GBP 0.13 per share."
Endava Q3 Revenue Falls to £178.5M
Reports Q3 revenue GBP 178.5M vs. GBP 194.8M last year. "This has been one of the more challenging periods Endava has faced in recent years. Demand remains uneven across sectors, deal cycles continue to be extended, and clients are scrutinizing technology spending more carefully than at any point since the macro slowdown began. Against this backdrop, revenue came in below expectations, margin contracted, and we recognized a non-cash goodwill impairment. We are disappointed by these outcomes, but it is important to distinguish near-term execution challenges from our long-term strategic positioning. During the quarter, we accelerated our transition toward AI-native delivery and deepened our presence in payments transformation work. We also engaged more directly with senior client decision-makers on enterprise-scale AI initiatives. We recently announced a collaboration with Mastercard combining our AI-native engineering and industry expertise with Mastercard's global reach and data-driven products and services. Additionally, we were selected as a strategic partner by Tyl by NatWest, NatWest Group's merchant-payments arm, to modernize and expand its payments-acceptance platform. These initiatives, and others like them, have moved our AI driven business up from 5% of total revenue a year ago in Q3FY25, to 15% of total revenue in Q3FY26, showing the underlying momentum of our pivot. By keeping our teams focused on these priorities and serving as trusted partners to decision-makers who are redefining their technology roadmaps, we believe we are positioning Endava to convert today's headwinds into tomorrow's momentum," said John Cotterell, Endava's CEO.
Endava Expects Revenue Between £721.8M and £725.8M
The company said, "Endava expects revenue will be in the range of GBP 721.8 million to GBP 725.8 million, representing a constant currency revenue decline of between (6.0)% and (5.0)% on a year-over-year basis. Endava expects adjusted diluted EPS to be in the range of GBP 0.45 to GBP 0.49 per share."
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