Endava PLC Announces First Quarter Earnings Results

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ENDAVA PLC ($NYSE:DAVA) is a holding company that provides digital transformation, technology and product development services. The company operates in four segments: North America, United Kingdom & Ireland, Mainland Europe and Latin America. Endava PLC today announced its first quarter earnings results, posting GAAP EPS of £0.54 on revenue of £196.2M. This was a strong quarter for the company, with revenue and EPS both coming in ahead of expectations. The company operates in four segments: North America, United Kingdom & Ireland, Mainland Europe and Latin America. Endava PLC today announced its first quarter earnings results, posting GAAP EPS of £0.54 on revenue of £196.2M. This was a strong quarter for the company, with revenue and EPS both coming in ahead of expectations.

Endava PLC is a holding company that provides digital transformation, technology and product development services. The company operates in four segments: North America, United Kingdom & Ireland, Mainland Europe and Latin America. Endava PLC today announced its first quarter earnings results, posting GAAP EPS of £0.54 on revenue of £196.2M. This was a strong quarter for the company, with revenue and EPS both coming in ahead of expectations.

Earnings

Endava PLC is a provider of IT services. The company reported its earnings results for the first quarter ended June 30, 2022. Total revenue for the quarter was 654.8 million pounds, an increase of 46.7% from the previous year.

Net income for the quarter was 83.1 million pounds, an increase of 91.5% from the previous year. Endava PLC’s total revenue has grown from 351.0 million pounds to 654.8 million pounds over the last three years.

Share Price

Endava’s strong results were driven by robust growth across all of its key operating metrics. Looking ahead, Endava is well-positioned for continued growth and is reaffirming its guidance for the full year.

VI Analysis

ENDAVA PLC‘s fundamentals reflect its long term potential. The company’s VI Risk Rating is a medium risk investment in terms of financial and business aspects. However, the VI App has detected 1 risk warnings in income sheet. Register on vi.app to check it out.

VI Peers

The company has a strong presence in Europe and the United States, and competes with other IT service providers such as Thoughtworks Holding Inc, Zhengzhou Jiean Hi-tech Co Ltd, and Neusoft Corp.

– Thoughtworks Holding Inc ($NASDAQ:TWKS)

Thoughtworks Holding Inc is a global technology consultancy company. Its market cap as of 2022 is 2.99B and its ROE is -11.01%. The company has over 4,000 employees and provides services such as software development, digital transformation, and cloud computing.

– Zhengzhou Jiean Hi-tech Co Ltd ($SZSE:300845)

Zhengzhou Jiean Hi-tech Co Ltd is a market leader in providing innovative hi-tech solutions. The company has a strong focus on research and development, and has a wide range of products and services. It has a market capitalization of 2.52 billion as of 2022, and a return on equity of 3.34%. The company’s products and services are used in a variety of industries, including telecommunications, automotive, aerospace, and defense.

– Neusoft Corp ($SHSE:600718)

Neusoft Corporation is a Chinese software and information technology service provider. It is the largest software and IT services company in China, and the second largest in Asia. The company is headquartered in Shenyang, Liaoning.

As of 2022, Neusoft Corporation had a market capitalization of 13.91 billion US dollars. The company’s return on equity (ROE) was 8.56%.

Neusoft Corporation provides a wide range of software and IT services, including enterprise application software, middleware, information systems integration, and software product development. The company also offers a variety of IT services, such as application development and maintenance, enterprise resource planning (ERP) implementation, and infrastructure management. In addition, Neusoft Corporation provides technical support, training, and consulting services.

Summary

Endava PLC is a publicly traded company on the London Stock Exchange. The company is a provider of IT services and solutions. The company operates in four segments: Application Development and Support, Managed Services, Cloud Transformation, and Product Development.