Endava ( (DAVA) ) has released its Q1 earnings. Here is a breakdown of the information Endava presented to its investors.
Endava plc is a leading technology services company known for its world-class engineering and industry expertise, focusing on enabling digital transformation across various sectors. In its first quarter of fiscal year 2025, Endava reported a 3.5% increase in revenue, reaching £195.1 million, and highlighted its strategic initiatives in AI and digital modernization. However, the company saw a decline in diluted EPS from £0.21 to £0.04 year-over-year, and adjusted diluted EPS decreased from £0.39 to £0.25. Endava’s financial performance in Q1 FY2025 was marked by a slight increase in revenue and strategic focus on AI and modernization, despite a drop in profit before tax and cash flow. The company’s acquisition of GalaxE is expected to boost its modernization capabilities. Looking ahead, Endava anticipates continued revenue growth, projecting increased constant currency revenue for the second quarter and fiscal year 2025, despite challenges in profit margins.
