Endava gains on revenue, profit beat

Endava

15/11/2022 21:24

** U.S.-listed shares of London-based Endava PLC  DAVA.N 
closed up 17% at $80.52 - biggest pct gain in over five-months
    ** DAVA's Q1 FY23 revenue was up 33% to 196.2 mln pounds
from last year, beating average analysts' estimate of 192.4 mln
pounds - Refinitiv Data 
    ** Adjusted profit before tax was £31.3 mln, or £0.54/shr,
compared to £28.3, or £0.49/shr, in the prior year; analysts
expected £0.51/shr
    ** DAVA sees FY23 revenue between 843 mln pounds and 852 mln
pounds, representing constant currency growth of 23% to 24% 
    ** "Endava reported another solid quarter for Q1 FY2023 as
demand for our services across all regions and verticals in
which we operate remains strong, despite the global
macroeconomic uncertainty" - CEO John Cotterell
    ** More than 47 mln shares traded, 138 times their 25-day
moving avg
    ** Accounting for session gains, company's shares down 52%
YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))