DOCSLIB.ORG

Endava Plc Form 6-K Current Event Report Filed

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Endava Plc Form 6-K Current Event Report Filed SECURITIES AND EXCHANGE COMMISSION FORM 6-K Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments Filing Date: 2021-03-04 | Period of Report: 2021-03-12 SEC Accession No. 0001656081-21-000017 (HTML Version on secdatabase.com) FILER Endava plc Mailing Address Business Address 125 OLD BROAD STREET 125 OLD BROAD STREET CIK:1656081| IRS No.: 000000000 | State of Incorp.:X0 | Fiscal Year End: 0630 LONDON X0 EC2N 1AR LONDON X0 EC2N 1AR Type: 6-K | Act: 34 | File No.: 001-38607 | Film No.: 21712633 44 20 7367 1000 SIC: 7371 Computer programming services Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the Month of March 2021 Commission File Number: 001-38607 ENDAVA PLC (Name of Registrant) 125 Old Broad Street London EC2N 1AR (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: x Form 20-F ¨ Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨ Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document EXHIBIT LIST Exhibit Description 99.1 Press Release dated March 4, 2021 Exhibit 99.1 is hereby expressly incorporated by reference into the registrant’s registration statement on Form S-8 filed with the Securities and Exchange Commission ("SEC") on December 7, 2018 (File No. 333-228717), the registrant’s registration statement on Form S-8 filed with the SEC on September 18, 2020 (File No. 333-248904) and the registrant's registration statement on Form F-3 filed with the SEC on October 18, 2019 (File No. 333-229213). Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ENDAVA PLC Date: March 4, 2021 By: /s/ John Cotterell Name: John Cotterell Title: Chief Executive Officer Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Endava Announces the Acquisition of Pet Minuta London, UK, March 4, 2021, (NYSE “DAVA”) Endava announced today the acquisition of Pet Minuta d.o.o. of Croatia and its U.S. subsidiary, Five Minutes Studio, Inc. (together “FIVE”). FIVE, based in Brooklyn, NY and Croatia, is a digital agency delivering a full spectrum of services, including product strategy, the design, build and delivery of digital experiences, and ongoing growth marketing using agile methodology combined with a scientific/metrics-driven approach to product design. With this acquisition, Endava increases its capacity in the ideation, design and delivery of intelligent digital experiences and enhances its capabilities in digital product strategy and performance optimization services. FIVE brings to Endava a list of clients primarily based in the United States. This list includes well-known companies such as Rosetta Stone, Bullhorn Inc. and Napster. FIVE partners with clients to create new revenue streams and applies its results-driven focus to help those clients increase revenue, and user engagement, while lowering acquisition costs, all results that are critical to digital product success in the long term. FIVE has a team of 157 operational employees based in Brooklyn, NY and Croatia. The majority of its people are based in delivery centers in Croatia’s four largest cities. The transaction is expected to be earnings enhancing in year one. “I am delighted to welcome FIVE into the Endava family. They are a wonderful team who bring additive skills into Endava, particularly in the product strategy and growth optimization space, which we believe many of our clients will find compelling. Additionally, their credentials as a leading New York agency with delivery centers in Croatia is aligned with our business model and further strengthens our footprint in the Adriatic region,” said John Cotterell, Endava’s CEO. “We are thrilled to be joining Endava. We saw early on the cultural fit and were very excited about Endava’s interest in our people and core services, including Product Strategy, Design and Growth Marketing. We believe being part of a larger platform and joining forces with Endava will open up even more opportunities for our talent and provide our clients with additional capability and capacity,” said Viktor Marohnić, Founding Partner at FIVE. ABOUT ENDAVA: Endava is a leading next-generation technology services provider and helps accelerate disruption by delivering rapid evolution to enterprises. Using distributed enterprise agile at scale, Endava collaborates with its clients, seamlessly integrating with their teams, catalysing ideation and delivering robust solutions. Endava helps its clients become digital, experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms and solutions. It serves clients in the following industries: Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Payments and Financial Services, TMT and "Other," which includes Consumer Products, Retail, Mobility and Healthcare. Endava had 7,464 employees (including directors) as of December 31, 2020 located in North America, Western Europe and Australia and delivery centres in Romania, Moldova, Bulgaria, Serbia, North Macedonia, Slovenia, Bosnia & Herzegovina, Argentina, Uruguay, Venezuela, and Colombia. Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document https://www.endava.com/ ABOUT FIVE: FIVE is a result driven digital agency delivering a full spectrum of services from product strategy, through the design, build and delivery of those experiences, to ongoing growth marketing using integrated Agile development teams. FIVE serves clients based primarily in the US with 157 operational employees located in Brooklyn, NY and Croatia. https://five.agency/ Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of the words “anticipate,” “expect,” "intend," “opportunities,” or "will," and other similar forward looking words or phrases and include, but are not limited to, the statements regarding the expected benefits to, and the anticipated impact on, Endava’s business and earnings resulting from the acquisition of FIVE. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to: Endava’s ability to successfully integrate acquired businesses and personnel; the size of Endava’s addressable market and market trends; Endava’s ability to adapt to technological change and innovate solutions for its clients; Endava’s plans for growth and future operations, including Endava’s ability to manage its growth; Endava’s ability to effectively manage its international operations; Endava’s ability to retain existing clients and attract new clients; and the effects of increased competition as well as innovations by new and existing competitors in Endava’s market, as well as other risks and uncertainties discussed in the “Risk Factors” section of Endava’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on September 15, 2020. In addition, the forward-looking statements included in this press release represent Endava’s views and expectations as of the date hereof and are based on information currently available to Endava. Endava anticipates that subsequent events and developments may cause its views to change. While Endava may elect to update these forward-looking statements at some point in the future, Endava specifically disclaims any obligation to do so except as required by law. These forward-looking statements should not be relied upon as representing Endava’s views as of any date subsequent to the date hereof. Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document.
Load more

Recommended publications
  • Form 20-F ENDAVA
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________ Form 20-F ______________________________________________________ (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 5(d) OF THE SECURITIES ACT OF 1934 For the fiscal year ended June 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number 001-38607 ________________________________________________________________________________________________________________________________________________________________________________________________ ENDAVA PLC (Exact name of Registrant as specified in its charter and translation of Registrant’s name into English) ________________________________________________________________________________________________________________________________________________________________________________________________ England and Wales (Jurisdiction of Incorporation or Organization) 125 Old Broad Street, London EC2N 1AR (Address of principal executive offices) John Cotterell Chief Executive Officer Endava PLC 125 Old Broad Street, London EC2N 1AR Tel: +44 20 7367 1000 (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of each class Trading Symbol(s) Name of each exchange on which registered American Depositary Shares, each representing the right to New York Stock Exchange receive one Class A ordinary share, nominal value £0.02 per share DAVA Class A ordinary shares, nominal value £0.02 per share* New York Stock Exchange Not for trading, but only in connection with the registration of the * American Depositary Shares.
    [Show full text]
  • Endava Press Release Q3 FY21
    Q3 FY2021 ENDAVA ANNOUNCES THIRD QUARTER FISCAL YEAR 2021 RESULTS Q3 FY2021 21.8% Year on Year Revenue Growth to £112.3 million 23.8% Revenue Growth at Constant Currency IFRS diluted EPS £0.23 compared to £0.26 in the prior year comparative period Adjusted diluted EPS £0.34 compared to £0.23 in the prior year comparative period London, U.K. – Endava plc (NYSE: DAVA) ("Endava" or the "Company") a global provider of digital transformation, agile development and intelligent automation services, today announced results for the three months ended March 31, 2021, the third quarter of its 2021 fiscal year ("Q3 FY2021"). "Endava delivered another outstanding quarter with revenue for Q3 FY2021 of £112.3 million, an increase of 21.8% Year on Year. Demand for digital transformation services continues to grow in all regions and verticals," said John Cotterell, Endava's CEO. THIRD QUARTER FISCAL YEAR 2021 FINANCIAL HIGHLIGHTS: • Revenue for Q3 FY2021 was £112.3 million, an increase of 21.8% compared to £92.2 million in the same period in the prior year. • Revenue growth rate at constant currency (a non-IFRS measure) was 23.8% for Q3 FY2021 compared to 25.7% in the same period in the prior year. • Profit before tax for Q3 FY2021 was £16.5 million compared to £18.3 million in the same period in the prior year. • Adjusted profit before tax (a non-IFRS measure) for Q3 FY2021 was £23.9 million, compared to £16.0 million in the same period in the prior year, or 21.3% of revenue, compared to 17.4% of revenue in the same period in the prior year.
    [Show full text]
  • CEE IT Outsourcing Review 2010
    Introduction ‘Central and Eastern Europe IT Outsourcing Review’ is a research project undertaken annually by the Central and Eastern European Outsourcing Association (CEEOA, www.ceeoa.org) since 2007. The main objectives of the research are to provide impartial and varied perspectives on the state of the market for IT outsourcing services in the CEE region; to provide potential clients with all the information needed to make decisions about outsourcing activities to the region; and to lower the barriers for entry into the CEE outsourcing services market. This year’s ‘CEE IT Outsourcing Review 2010’ was managed by the Ukrainian Hi-Tech Initiative (www.hi- tech.org.ua) with the support of other national outsourcing and software development associations from the Central and Eastern European (CEE) region, as well as CEEOA members. As part of the project a catalogue of IT outsourcing services providers in Central and Eastern Europe (ITOlist), located at www.itolist.eu, was created. The primary objective of the ITOlist.eu catalogue is to create an easy to search permanent, annually updated, regional catalogue of companies providing IT outsourcing services in the CEE region. Currently, the ITOlist.eu catalogue contains information on more than 200 companies. Visitors to the site can search companies on the list by four criteria, as well as by more than 250 technical and business categories in the advanced search field. Key Conclusions In 2009, the software development and IT outsourcing services provider industry in Central and Eastern Europe successfully overcame all of the challenges of the recession of 2008 and resumed its previous trajectory of growth.
    [Show full text]
  • Asset & Wealth Management Technology Trends Report
    ASSET & WEALTH MANAGEMENT TECHNOLOGY TRENDS REPORT 2017 endava.com CONTENTS WHY YOU SHOULD READ THIS 4 CLOUD SERVICES 27 ENDAVA LABS 5 CYBER SECURITY 29 TECHNOLOGY TRENDS 7 GAMIFICATION 30 ALTERNATIVE FEE MODELS 10 HACKATHONS 31 CHANGING INVESTOR DYNAMICS 11 MOBILE-ONLY OFFERING 33 CLIENT ONBOARDING 13 ROBO-ADVICE 34 CROWDSOURCING 15 ROBOTIC PROCESS AUTOMATION (RPA) 35 DATA-DRIVEN ASSET MANAGEMENT 17 COMPANY OVERVIEW 38 IMPROVED REPORTING 18 ASSET & WEALTH MANAGEMENT 43 INCREASED CHURN 19 OUR SERVICES 44 MARKET CONSOLIDATION 20 WHAT OUR CLIENTS SAY ABOUT US 49 SELF-SERVICE 21 WHY OUR CLIENTS CHOOSE TO WORK WITH US 50 BLOCKCHAIN / DISTRIBUTED LEDGERS 24 AWARDS AND RECOGNITION 51 CHATBOTS 25 ENDAVA CONTACTS 52 WHY YOU SHOULD READ THIS Technology innovations are enabling more business opportunities, increasing demand and reducing companies’ time to react, and Asset & Wealth Management organisations are not immune to this dynamic. The expectations investors have (both institutional and private) are no longer compared solely with traditional competitors, but across a broad range of industries, geographies and user experiences. Asset & Wealth Management companies stand at a defining point in the evolution of the industry, and the decisions that are taken will impact their future success. Traditional technology agendas such as regulatory reporting continue to increase in requirements and technology investment has always been a necessary overhead. A shift towards an effective technology strategy as a driver for market opportunity whilst making middle and back-office operations more efficient will position some organisations to take advantage of the opportunities that will present themselves. At Endava, we work with some of the biggest Asset & Wealth Management companies in the world on market-changing initiatives.
    [Show full text]
  • Endava Press Release Q4 FY19
    Q4 FY2019 & FY2019 ENDAVA ANNOUNCES FOURTH QUARTER FISCAL YEAR 2019 & FISCAL YEAR 2019 RESULTS Q4 FY2019 24.6% Year on Year Revenue Growth to £76.6 million 22.7% Revenue Growth at Constant Currency IFRS diluted EPS £0.15 compared to £0.10 in the prior year comparative period Adjusted diluted EPS £0.20 compared to £0.15 in the prior year comparative period FY2019 32.3%Year on Year Revenue Growth to £287.9 million 31.1% Revenue Growth at Constant Currency IFRS diluted EPS £0.44 compared to £0.38 in the prior year Adjusted diluted EPS £0.76 compared to £0.53 in the prior year London, U.K. – Endava plc (NYSE: DAVA) ("Endava" or the "Company") a global provider of digital transformation, agile development and intelligent automation services, today announced results for the three months ended June 30, 2019, the fourth quarter of its 2019 fiscal year ("Q4 FY2019") and for the Fiscal Year ended June 30, 2019 ("FY2019"). "We just completed our first year as a public company and I could not be more pleased with our performance as we continue to grow in all of our verticals and all of our geographies. Our revenue for Q4 FY2019 was £76.6 million, an impressive increase of 24.6% Year on Year on a reported basis from £61.5 million in the same quarter in the prior year. For FY2019, our revenue totalled £287.9 million a 32.3% Year on Year growth." said John Cotterell, Endava’s CEO. FOURTH QUARTER OF FISCAL 2019 FINANCIAL HIGHLIGHTS: • Revenue for Q4 FY2019 was £76.6 million, an increase of 24.6% compared to £61.5 million in the same period in the prior year.
    [Show full text]
  • Compudava Joins the Endava Fold and Becomes Endava Moldova Submitted By: Media Reach Ltd Thursday, 5 October 2006
    Compudava Joins the Endava Fold and Becomes Endava Moldova Submitted by: Media Reach Ltd Thursday, 5 October 2006 Endava, the focused IT services business that provides IT consulting, software, sourcing and support solutions using the very best of West and East European talent, today announced that Compudava, the leading IT consulting company based in Moldova, has joined the Endava brand and become Endava Moldova. This move further outlines Endava’s commitment and investment into Eastern Europe, following the acquisition of Alfa Global Solutions. Having a cultural and geographical proximity to Western Europe and boasting a wealth of technically trained talent, Compudava was well positioned to offer the Endava brand near-shore software development services to regional and overseas companies and corporations at reduced cost while maintaining high levels of quality. Compudava historically brought together a team of IT professionals with in-depth knowledge and experience in the software development business, ready to turn customer's software problems into fully designed, implemented, tested, and delivered solutions. Being located at the crossroads of various cultures, the company's staff has great abilities in Western and Eastern European languages, which will enable Endava Moldova to serve customers from a wide range of countries in Europe and beyond. Mike Popa, Managing Director, Central and Eastern Europe, Endava, commented, “The addition of Compudava into the Endava brand is as significant as it is logical. Endava Moldova (formerly known as Compudava) was the origin of Brains Direct Operations in Eastern Europe, the place where the future Endava group expanded into Eastern Europe. Endava Moldova – already the largest IT services companies in Moldova – will benefit from additional investments of the group which shows our ongoing commitment to invest in the area and to keep on investing, to ensure we deliver our customers a state-of-the-art, cost-effective, personalised service.
    [Show full text]
  • REAL-ESTATE-GUIDE-H1-2019.Pdf
    EDITORIAL REAL ESTATE GUIDE H1 2019 3 EDITORIAL CONTENT BIG VIEW 4 CEE-based economies to continue growth run in 2019 8 The new age of office development in Romania Joining the 10 Powerful trends shaping the property industry EUR 1 billion club MARKET VIEW 16 Office players exploring new development hotspots OVIDIU NICOLAE POSIRCA in Bucharest, regional cities CONTRIBUTING EDITOR 18 Fulga Dinu (IMMOFINANZ): myhive is the concept of the future for the office segment 22 Developers looking to build integrated shopping experiences The local real estate market is still aiming for the EUR 1 bil- 24 Retail development concepts move from shopping lion target in investments, an objective that could be achieved to multiple experiences, socializing opportunities this year. But numbers show only a part of the industry’s 26 Industrial and logistics players continue investments significant development story. Domestic investors are start- in established markets ing to become key players on the market and are working on 30 Residential development growing at steady pace in 2019 projects that can successfully compete with buildings from key European cities in terms of quality and design. INVESTMENT VIEW The commercial real estate sector will continue to grow 36 Mixed-use projects gaining ground on local property market this year, with deliveries of large office, retail and industrial 38 Addressing tax matters in real-estate share deals projects to continue by 2020 across Bucharest and regional 40 Stable outlook for the local property funding environment cities, according to developers. Meanwhile, the residential 42 Yields go on descending track on the local sector remains in development mode, with demand and prices commercial property market remaining on a positive track.
    [Show full text]
  • About Us Inforgraphic 2020
    NEARSHORE DELIVERY CLOSE TO CLIENT European Union: Austria Romania, Bulgaria Denmark and Slovenia Germany Ireland We accelerate our clients’ ability to take advantage of new business models Central Europe: Netherlands North Macedonia, United Kingdom and market opportunities by ideating and delivering dynamic platforms and Moldova, Serbia and United States Bosnia & Herzegovina intelligent digital experiences that fuel the rapid, ongoing transformation of Latin America: their businesses. Argentina, 44 offices // 41 cities // 18 countries Colombia, Uruguay, and Venezuela By leveraging next-generation technologies, our agile, multi-disciplinary teams provide a combination of Product & Technology Strategies, Intelligent Experiences, and World Class Engineering to help our clients become more engaging, responsive, and efficient. PAYMENTS TECHNOLOGY We Are A Pure Play Next-Gen Technology Company BANKING TELECOMMUNICATIONS 7,199 INVESTMENT We Are a Revenue21.9% increase People. We are an MEDIA compared to the prior aspirational brand for IT MANAGEMENT year professionals. Global CLOSE TO CLIENT INSURANCE RETAIL EXPERTS IN INDUSTRY & TECHNOLOGY Technology CAPITAL MARKETS Company HEALTHCARE WE WORK WITH SOME OF FINTECH THE WORLD’S LEADING MOBILITY Revenue39% percentage Millions£351 of GBP in COMPANIES IN: WE ARE STRATEGY, represented by revenue for fiscal year Endava’s top 10 clients. 2020. DIGITAL & AGILE EXPERIENCE & PRIVATE EQUITY CONSUMER GOODS NATIVES ENGINEERING TRADITIONAL BUS. & TECH IT SERVICES CONSULTANTS World Class Engineering: Nearshore offices with top talent Agile at heart Knowledge sharing mindset Focused on innovation 1 in 3 new hires referred by existing staff DIGITAL Challenge culture and strong values AGENCIES QUALITY & WE EMPLOY THE CONSISTENCY MOST TALENTED OF DELIVERY PEOPLE Contact Us https://www.endava.com/en/Contact.
    [Show full text]
  • ENDAVA PLC Annual Report FY20
    ENDAVA PLC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020 COMPANY REGISTRATION NUMBER 5722669 COMPANY REGISTRATION NUMBER 5722669 REGISTERED OFFICE 125 Old Broad Street LONDON EC2N 1AR T A Smith (Non-Executive Chairman) DIRECTORS J E Cotterell (Chief Executive Officer) M S Thurston (Chief Financial Officer) A Allan (Non-Executive Director) S Connal (Non-Executive Director) B Druskin (Non-Executive Director) M J Kinton (Non-Executive Director) D Pattillo (Non-Executive Director) SECRETARY R Bhoothalingam AUDITOR KPMG LLP 15 Canada Square London E14 5GL Endava plc 2 Annual Report and Financial Statements for the year ended 30 June 2020 CONTENTS Strategic Report 4 Directors' Remuneration Report 35 Directors' Report 56 Independent Auditor's Report to the Members of Endava plc 60 Group Financial Statements And Notes 70 Company Financial Statements And Notes 141 Endava plc 3 Annual Report and Financial Statements for the year ended 30 June 2020 STRATEGIC REPORT The Directors present their Strategic, Directors' Remuneration and Directors’ Reports on and the audited financial statements of Endava Plc (the "Company" and, together with its subsidiary undertakings, the “Group”) for the year ended 30 June 2020. STRATEGIC REPORT Our Business We are a leading next-generation technology services provider and help accelerate disruption by delivering rapid evolution to enterprises. We aid our clients in finding new ways to interact with their customers and users, enabling them to become more engaging, responsive and efficient. Using Distributed Enterprise Agile at scale, we collaborate with our clients, seamlessly integrating with their teams, catalysing ideation and delivering robust solutions. Our approach to ideation comprises an empathy for user needs, curiosity, creativity and a deep understanding of technologies.
    [Show full text]
  • Endava Announces Second Quarter Fiscal Year 2021 Results
    NEWS RELEASE Endava Announces Second Quarter Fiscal Year 2021 Results 2/17/2021 Q2 FY2021 22.5% Year on Year Revenue Growth to £105.2 million 21.4% Revenue Growth at Constant Currency IFRS diluted EPS £0.14 compared to £(0.25) in the prior year comparative period Adjusted diluted EPS £0.29 compared to £0.30 in the prior year comparative period LONDON--(BUSINESS WIRE)-- Endava plc(NYSE: DAVA) ("Endava" or the "Company") a global provider of digital transformation, agile development and intelligent automation services, today announced results for the three months ended December 31, 2020, the second quarter of its 2021 scal year ("Q2 FY2021"). "Endava delivered another strong quarter with revenue for Q2 FY2021 of £105.2 million, an increase of 22.5% Year on Year. Demand for digital transformation remains unabated, and we continued to broaden our client base during the quarter," said John Cotterell, Endava's CEO. SECOND QUARTER FISCAL YEAR 2021 FINANCIAL HIGHLIGHTS: Revenue for Q2 FY2021 was £105.2 million, an increase of 22.5% compared to £85.9 million in the same period in the prior year. Revenue growth rate at constant currency (a non-IFRS measure) was 21.4% for Q2 FY2021 compared to 20.5% in the same period in the prior year. 1 Prot before tax for Q2 FY2021 was £10.6 million compared to loss before tax of £(17.3) million in the same period in the prior year. The loss during the same period in the prior year was the result of the declaration of a non-recurring, discretionary employee bonus, which is referred to as the "discretionary EBT Bonus," of £27.7 million in December 2019.
    [Show full text]
  • Argentina IT Outsourcing Industry
    Argentina IT Outsourcing Industry October 11, 2019 Table of Contents Section I: Software & IT Services Industry - Argentina » Market Size » Sector Snapshot » Outsourcing Stimulus » Outlook Section II: Abbreviated Company Profiles (Key Players) Section III: Private Company Profiles » Belatrix » Devartis » GlobalLogic Section IV: Public Company Profiles » Globant » Endava 2 PRIVATE & CONFIDENTIAL – NOT FOR DISTRIBUTION Section I: Software and IT Services Industry - Argentina Software and IT Services Market Size Argentina Software and IT Services market • According to Cámara de la Industria Argentina del Software (CESSI Argentina), the total annual sales of the Software and IT Services increased from ARS$9,476.0 mn ($2,541.0 mn) in 2009 to ARS$92,355.0 mn ($3,283.0 mn) in 2018 • Due to Peso devaluations, total sales measured in US dollars fell by 11.1% in 2014, 20.1% in 2016 and 14.4% in 2018, while in Pesos they had grown significantly in those same years (33.7%, 27.2% and 43.2% respectively) • Employment, in the sector, has increased by 47.8% between 2009 and 2018, at a cumulative annual rate of 4.4% 4,500.0 4,254.0 25.0% 4,002.0 4,153.0 3,837.0 4,000.0 3,619.0 3,692.0 20.0% 3,401.0 3,500.0 3,283.0 15.0% 3,016.0 10.0% 3,000.0 2,541.0 5.0% 2,500.0 0.0% 2,000.0 -5.0% 1,500.0 -10.0% 1,000.0 -15.0% 500.0 -20.0% 0.0 -25.0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Annual Total Sales (US$ mn) YoY growth 100,000.0 92,355.0 50.0% 90,000.0 45.0% 80,000.0 40.0% 70,000.0 64,494.0 35.0% 60,000.0 30.0% 50,268.0 50,000.0 25.0% 39,525.0 40,000.0
    [Show full text]
  • Q4fy18 & Full Year Fy18 Reporting 1 Endava
    Q4FY18 & FULL YEAR FY18 REPORTING ENDAVA ANNOUNCES FOURTH QUARTER FY18 AND FULL YEAR FY18 FINANCIAL RESULTS Q4 FY2018 42.8% Year over Year Growth in Revenue to £61.5 million 44.2% Constant Currency Revenue Growth1 IFRS Diluted EPS £0.10 representing an 11% YoY increase Adjusted diluted EPS2 £0.15 representing a 36.4% YoY growth FY2018 36.5% Year over Year Growth in Revenue to £217.6 million 37.2% Constant Currency Revenue Growth IFRS Diluted EPS £0.38 representing an 11.8% YoY increase Adjusted diluted EPS £0.53 representing a 32.5% YoY growth London, U.K. – Endava (NYSE: DAVA), a global provider of digital transformation, agile development and intelligent automation services, today announced results for its fourth quarter ended June 30, 2018 and for its fiscal year 2018. “We are pleased with our fourth quarter results which reflected strength with existing customers as well as new. The integration of Velocity Partners in North America is proceeding smoothly,” said John Cotterell, Endava’s CEO. “Our strong client relationships contributed significantly to our constant currency revenue growth of 44.2% for the quarter and give us good visibility into the next quarter. We delivered that growth profitably, with PBT at £6.7m or 10.9% PBT margin and Adjusted PBT3 at £9.7m, or 15.7% Adjusted PBT margin,” said Mark Thurston Endava’s CFO.” 1 Revenue growth rate at constant currency is calculated by translating revenue from entities reporting in foreign currencies into British Pounds using the comparable foreign currency exchange rates from the prior period.
    [Show full text]