lcva2 The following segment was excerpted from this fund letter. Endava plc (NYSE:DAVA) Our laggard Endava has detracted ~ 350 bps from performance this quarter. Endava was down 40% after it reported earnings in February. This was a 3% position before this decline, but we have since added to the stock to make it one…
gorodenkoff/iStock via Getty Images Summary Readers may find my previous coverage via this link. My previous rating was a buy, as I believed Endava Plc (NYSE:DAVA) would see its valuation rerate upwards to the historical average as the business continues to grow. My underlying belief was that IT spending should recover as the macro environment…
Endava plc (NYSE:DAVA) Q2 2024 Results Earnings Conference Call February 29, 2024 8:00 AM ET Company Participants Laurence Madsen – Investor Relations Manager John Cotterell – Chief Executive Officer Mark Thurston – Chief Financial Officer Conference Call Participants Ashwin Shirvaikar – Citigroup Puneet Jain – J.P. Morgan Jesse Wilson – William Blair Bryan Bergin –…
Endava plc (NYSE:DAVA) Q1 2024 Earnings Conference Call November 15, 2023 8:00 AM ET Company Participants Laurence Madsen – Head of Investor Relations John Cotterell – Chief Executive Officer Mark Thurston – Chief Financial Officer Conference Call Participants Ashwin Shirvaikar – Citi Zack Ajzenman – TD Cowen Maggie Nolan – William Blair Nate Svensson –…
phototechno Investment thesis Our current investment thesis is: Endava has achieved impressive growth, well in excess of its peers, while also having superior margins, driven by an alternative approach to competition. The company has developed a strong brand, is focused on complex transformational exercises, is active in conducting M&A, and seeks to recruit high-performing individuals….
Maskot/DigitalVision via Getty Images Thesis Although Endava plc’s (NYSE:DAVA) growth may face challenges in the coming quarters due to ongoing macroeconomic pressures, I have confidence in the company’s ability to achieve organic growth of over 20% in the long term, due to its strong focus on digital engineering and transformation services that positions it well…