Endava Clocks 55% Revenue Growth In Q4, Expands Margins

Digital transformation, agile development, and intelligent automation services provider Endava PLC DAVA reported fourth-quarter FY21 revenue growth of 54.9% year-on-year to £133.6 million at constant currency.
Margin: The adjusted PBT margin expanded 510 bps to 21.9%. The gross margin expanded 400 bps to 33.9%.
Adjusted EPS was £0.41 versus £0.23 last year.
Endava generated £34.9 million in operating cash flow in Q4 and held £69.9 million in cash and equivalents as of June 30, 2021.
Outlook: Endava sees Q1 FY22 revenue of £143.0 million - £145.0 million, implying constant currency revenue growth of 56.0% - 58.0%. Endava expects an adjusted EPS of £0.42 - £0.44.
Endava sees FY22 revenue of £608.0 million - £615.0 million, indicating constant currency growth of 38.0% - 40.0%. Endava sees adjusted EPS of £1.61 - £1.67.
Price Action: DAVA shares closed lower by 4.01% at $117.77 on Monday.

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