Endava plc, together with its subsidiaries, provides technology services in North America, Europe, the United Kingdom, and internationally. The company offers digital product acceleration services comprising product strategy, experience design, growth marketing, and analytics

• Oversold conditions- The Company has gone through turbulent times in recent weeks and is potentially undervalued and is trading at its fair value price. The oversold conditions have created an opportunity to buy the stock at its fairly decent price, hence short to midterm returns are expected out of this stock.

• The company belongs to tech sector and positive growth is expected out of it in short to mid term.

• Revenue for Q4 FY2024 was £194.4 million, an increase of 2.4% compared to £189.8 million in the same period in the prior year.

• Revenue increase at constant currency (a non-IFRS measure)* was 3.5% for Q4 FY2024.

• Adjusted profit before tax (a non-IFRS measure)* for Q4 FY2024 was £14.9 million, or 7.7% of revenue, compared to £38.3 million, or 20.2% of revenue, in the same period in the prior year.

• Adjusted profit for the period (a non-IFRS measure)* was £12.9 million, resulting in adjusted diluted EPS (a non-IFRS measure)* of £0.22, compared to adjusted profit for the period of £32.9 million and adjusted diluted EPS of £0.57 in the same period in the prior year.

                                                                               Acrobull UK Recommendation Based on Evaluation