Endava PLC ADR

DAVA: XNYS (USA)
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Endava Is Bearing the Brunt of an Industrywide Slowdown

Business Strategy and Outlook

Endava, based in the UK, is an IT services company focused on providing digital transformation and engineering services. It generates revenue primarily by charging clients on a time-and-materials basis for services such as consulting and advice, customized software development and integration, and quality assurance and testing. Endava is highly exposed to the financial services sector, with nearly half of its revenue generated from the sector. Within financial services, Endava is known for its expertise in payments and private equity.

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