Endava Shares Up 7% Following Q4 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/DAVA'>Endava plc (NYSE:DAVA) </a>shares closed 7.32% higher on Wednesday following Q4/21 beat with new guidance well above expectations.</p>
<p>The company delivered quarterly revenue of £133.62m (up 47.7% year-over-year) and EPS of £0.41, beating expectations on strong organic growth, better-than-expected margins, and lower-than-expected taxes. </p>
<p>Strength was broad-based as the company saw demand for its services grow across all regions and verticals driven by strong growth in the Payments/Financial Services vertical (+46% year-over-year) and further penetration in North America, which grew +77% year-over-year. The company continues to expand its scope of work with existing clients while adding new logos as total client numbers grew to 615 (from 416 a year ago) as a large number of new, smaller projects came online that the company expects will expand into larger engagements. </p>
<p>The company guided to materially higher-than-expected full 2022-year revenue growth of around 38-40% and EPS of £1.61-1.67 with Q1/22 organic revenue growth of around 56-58%. </p>

NYSE:DAVA