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Investing.com -- Endava Ltd (NYSE:DAVA) saw its shares nosedive more than 20% in premarket trading Thursday after the software maker’s outlook for the current quarter and the full fiscal 2026 missed analyst estimates.
The company reported fiscal Q4 2025 earnings per share (EPS) of £0.24, just above analyst expectations of £0.23. Revenue for the period came in at £186.8 million, matching consensus estimates.
Adjusted profit before tax rose to £16.4 million, representing 8.8% of revenue, compared with £14.9 million, or 7.7% of revenue, in the prior-year quarter.
“AI continues to be a strategic focus for many of our clients and we have now passed the point where over half of our people use AI in projects, a clear marker of progress in our journey to becoming AI-native," said Endava CEO John Cotterell.
"Endava exited FY2025 with its highest ever quarterly order book, lifting full-year signed value to a record high. Despite the increase in the order book, the short term operating backdrop remains volatile and many clients continue to recalibrate the timing of spending, and therefore our outlook remains cautious,” he added.
Looking ahead, the company guided fiscal first-quarter 2026 EPS to a range of £0.17 to £0.19, below the consensus estimate of £0.27, on revenue of £181 million to £183 million versus expectations of £188.8 million.
For the full year 2026, Endava forecast EPS of £0.82 to £0.94, short of the consensus view of £1.12, and revenue of £750 million to £765 million, compared with the £772.1 million expected by analysts.