Markets.News
Endava (NYSE: DAVA) revealed its fourth-quarter results, showcasing both positive and negative aspects of its performance. The company reported earnings of 32 cents per share, surpassing the projected 16 cents per share by analysts. Nonetheless, its quarterly sales stood at $249.310 million, slightly below the forecasted $249.950 million. Looking ahead to FY2026, Endava anticipated an adjusted EPS ranging between $1.11 and $1.27, exceeding the market's estimations of 85 cents per share. The company also predicted sales in the vicinity of $1.013 billion to $1.033 billion, while analysts had estimated $1.020 billion. Endava highlighted the growing significance of AI within its client base, noting that over half of its employees are now involved in projects utilizing AI technology.