Endava plc Q3 FY2026 Earnings Release
Endava plc announced its financial results for the third quarter ended March 31, 2026. The company reported a revenue of Β£178.5 million, an 8.4% decrease year-on-year, or 6.4% in constant currency. Diluted EPS was Β£(7.55) compared to Β£0.18 in the prior year, while Adjusted Diluted EPS was Β£0.05 compared to Β£0.34. The company recognized a non-cash goodwill impairment of Β£364.6 million due to performance and reforecasted future performance. Revenue for the quarter declined due to uneven demand across sectors, extended deal cycles, and careful client scrutiny of technology spending. Despite these challenges, Endava highlighted progress in its AI-native transition, with AI-driven business increasing to 15% of total revenue. The company provided an outlook for Q4 FY2026 and the full fiscal year 2026, expecting revenue declines in constant currency, and adjusted diluted EPS in a specified range. Endava also reported on other metrics including headcount, number of clients, and revenue breakdown by region and industry vertical.