Endava Announces Third Quarter Fiscal Year 2021 Results

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Endava PLC (ADR) (DAVA) PT Raised to $120 at Needham & Company

May 19, 2021 12:51 PM EDT

Needham & Company analyst Mayank Tandon raised the price target on Endava PLC (ADR) (NYSE: DAVA) to $120.00 (from $100.00) while maintaining a Buy rating.

The analyst commented, "DAVA reported strong 3Q results, beating estimates across the board as demand for digital transformation services continues to... More

UPDATE: Endava (DAVA) Reports Q3 EPS of GBP0.34 on Revenues of GBP112.3M; Offers Q4 & FY21 EPS/Revenues Outlook

May 19, 2021 7:25 AM EDT

(Updated - May 19, 2021 7:28 AM EDT)

Endava (NYSE: DAVA) reported Q3 EPS of GBP0.34, versus GBP0.23 reported last year. Revenue for the quarter came in at GBP112.3 million, versus GBP92.2 million reported last year.

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... More