Earnings release
Page 1
endava Q2 FY2021 ENDAVA ANNOUNCES SECOND QUARTER FISCAL YEAR 2021 RESULTS Q2 FY2021 22.5 % Year on Year Revenue Growth to £ 105.2 million 21.4 % Revenue Growth at Constant Currency IFRS diluted EPS £ 0.14 compared to £ ( 0.25 ) in the prior year comparative period Adjusted diluted EPS £ 0.29 compared to £ 0.30 in the prior year comparative period - London , U.K. – Endava plc ( NYSE : DAVA ) ( " Endava " or the " Company " ) a global provider of digital transformation , agile development and intelligent automation services , today announced results for the three months ended December 31 , 2020 , the second quarter of its 2021 fiscal year ( " Q2 FY2021 " ) . " Endava delivered another strong quarter with revenue for Q2 FY2021 of £ 105.2 million , an increase of 22.5 % Year on Year . Demand for digital transformation remains unabated , and we continued to broaden our client base during the quarter , " said John Cotterell , Endava's CEO . SECOND QUARTER FISCAL YEAR 2021 FINANCIAL HIGHLIGHTS : • Revenue for Q2 FY2021 was £ 105.2 million , an increase of 22.5 % compared to £ 85.9 million in the same period in the prior year . Revenue growth rate at constant currency ( a non - IFRS measure ) was 21.4 % for Q2 FY2021 compared to 20.5 % in the same period in the prior year . Profit before tax for Q2 FY2021 was £ 10.6 million compared to loss before tax of £ ( 17.3 ) million in the same period in the prior year . The loss during the same period in the prior year was the result of the declaration of a non - recurring , discretionary employee bonus , which is referred to as the " discretionary EBT Bonus , " of £ 27.7 million in December 2019 . Adjusted profit before tax ( a non - IFRS measure ) for Q2 FY2021 was £ 20.6 million , compared to £ 20.5 million in the same period in the prior year , or 19.6 % of revenue , compared to 23.8 % of revenue in the same period in the prior year . Profit for the period was £ 7.8 million in Q2 FY2021 , resulting in a diluted EPS of £ 0.14 , compared to loss for the period of £ ( 13.8 ) million and diluted EPS of £ ( 0.25 ) in the same period in the prior year . 1