Company: Endava, Inc.
Symbol: DAVA
Description: They are a leading next-generation technology services provider and help accelerate disruption by delivering rapid evolution to enterprises.
Trade Date: 7/27
Shares: 5.6 million ADS
Price Range: $17.00-$19.00
Underwriter(s): Morgan Stanley, Citigroup, Deutsche Bank Credit Suisse
Co-Manager(s): Cowen, William Blair
Terms Added: 7-16-18
Business: They aid their clients in finding new ways to interact with their customers and users, enabling them to become more engaging, responsive and efficient. Using Distributed Enterprise Agile at scale, they collaborate with their clients, seamlessly integrating with their teams, catalyzing ideation and delivering robust solutions. Their approach to ideation comprises an empathy for user needs, curiosity, creativity and a deep understanding of technologies. From proof of concept, to prototype, to production, they use their engineering expertise to deliver enterprise platforms capable of handling millions of transactions per day. Their people, whom they call Endavans, synthesize creativity, technology and delivery at scale in multi-disciplinary teams, enabling them to support their clients from ideation to production.
Financials: For the fiscal years ended June 30, 2015, 2016 and 2017, their revenue was £84.1 million, £115.4 million and £159.4 million, respectively, representing a compound annual growth rate of 37.7% over the three year period, and their net profit was £13.5 million, £16.7 million, and £16.8 million, respectively. For the nine months ended March 31, 2017 and 2018, their revenue was £116.3 million and £156.1 million, respectively, and their net profit was 12.6 million and 14.1 million, respectively.
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