Will Shareholder show their interest To Invest in This Stock? Endava plc (NYSE: DAVA)

On 27 Jan 2020, Endava plc (NYSE: DAVA) changed -0.83% to recent value of $46.63. The stock transacted 48096 shares during most recent day however it has an average volume of 112.69K shares. It spotted trading -6.27% off 52-week high price. On the other end, the stock has been noted 107.24% away from the low price over the last 52-weeks.

Endava plc (DAVA) recently reported results for the three months ended September 30, 2019, the first quarter of its 2020 fiscal year (“Q1 FY2020”).

FIRST QUARTER FISCAL YEAR 2020 FINANCIAL HIGHLIGHTS *:

Revenue for Q1 FY2020 was £82.4M, a raise of 24.0% contrast to £66.4M in the same period in the previous year.

Revenue growth rate at constant currency (a non-IFRS measure) was 21.5% for Q1 FY2020 contrast to 39.8% in the same period in the previous year.

Profit before tax for Q1 FY2020 was £17.5M contrast to £2.6M in the same period in the previous year, or 21.2% of revenue contrast to 4.0% in the same period in the previous year.

Adjusted profit before tax (a non-IFRS measure) for Q1 FY2020 was £16.9M contrast to £11.7M in the same period in the previous year, or 20.5% of revenue contrast to 17.6% in the same period in the previous year.

Profit for the period was £14.5M in Q1 FY2020, resulting in a diluted EPS of £0.26, contrast to profit for the period of £2.0M and diluted EPS of £0.04 in the same period in the previous year.

Adjusted profit for the period (a non-IFRS measure) was £13.6M in Q1 FY2020, resulting in adjusted diluted EPS (a non-IFRS measure) of £0.24 contrast to adjusted profit for the period of £9.4M and adjusted diluted EPS of £0.17 in the same period in the previous year.

CASH FLOW:

Net cash from operating activities was £15.4M in Q1 FY2020 contrast to £2.1M in the same period in the previous year.

Adjusted free cash flow (a non-IFRS measure) was £13.5M in Q1 FY2020 contrast to £0.3M in the same period in the previous year.

At September 30, 2019, Endava had cash and cash equivalents of £83.6M contrast to £70.2M at June 30, 2019.

BUSINESS HIGHLIGHTS:

On October 12, 2019, Endava entered into a new multicurrency revolving credit facility with HSBC Bank plc, as agent, and HSBC UK Bank plc, DNB (UK) Limited, Keybank National Association and Silicon Valley Bank as mandated lead arrangers, bookrunners and original lenders. The Multicurrency Revolving Credit Facility is an unsecured revolving credit facility in the amount of £200M with an initial term of three years, and it replaced the previous£50M secured facility with HSBC UK Bank Plc. The Multicurrency Revolving Credit Facility also provides for uncommitted accordion options of up to an aggregate of £75M in additional borrowing. The Multicurrency Revolving Credit Facility is intended to support the Company’s future capital investments and development activities.

On November 4, 2019, Endava reported the purchase of Intuitus Limited (“Intuitus”), headquartered in Edinburgh, Scotland. Intuitus is a leading independent provider of information technology due diligence and other technology advisory services to Private Equity clients.

On November 14, 2019, Endava and Bain & Company reported the launch of an integrated IT due diligence product. Endava and Bain extended their joint venture into the private equity space in order to provide a strong mix of skills to the private equity space and build on their alliance on digital transformations.

 DAVA has a gross margin of 34.90% and an operating margin of 13.10% while its profit margin remained 12.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 33.90% for this year while earning per share for the next 5-years is expected to reach at 0.23%.  The company has 54.72M of outstanding shares and 15.19M shares were floated in the market. According to the most recent quarter its current ratio was 2.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.09% from the mean of 20 days, 0.93% from mean of 50 days SMA and performed 18.22% from mean of 200 days price. Company’s performance for the week was 1.77%, -4.19% for month and YTD performance remained 0.06%.

 

James Emmons

James Emmons – Technology and Energy I am James Emmons I have completed my bachelor’s degree in Information Technology and a master’s degree in Business. I love to write about technology. I had three years of writing experience which include articles, web content, and blogs. I always love to play with work, in both my career and education.  I also had teaching experience of 5 years at the renowned university to teach business and technical writing and currently working as an instructor and training writer and designer. I am incredibly social, and I love to travel and explore the world.

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