Endava Partners with NatWest Tyl for Strategic Collaboration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy DAVA?
Endava (DAVA) announced a strategic partnership with Tyl by NatWest (NWG) to accelerate the evolution of its offering. The partnership is focused on enabling Tyl's customers to access a modern, fully integrated payments acceptance experience. By combining Endava's global operations and its AI-native delivery model Dava.Flow, as well as deploying components of its Payments Gateway Accelerator, the collaboration will increase the speed at which new, best-of-breed products and services are brought to market, while enhancing flexibility, scalability and performance across the payments lifecycle.
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Analyst Views on DAVA
Wall Street analysts forecast DAVA stock price to rise
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 3.620
Low
8.00
Averages
10.00
High
15.00
Current: 3.620
Low
8.00
Averages
10.00
High
15.00
About DAVA
Endava plc is a technology service provider. The Company provides a combination of engineering, industry expertise and a customer-centric mindset, to consult and partner with its customers to create technological solutions that transform businesses into the artificial intelligence (AI)-driven digital shift. The Company provides solutions to its customers from ideation to production at every stage of their digital transformation, regardless of industry, region or scale. It uses its proprietary enterprise agile delivery framework, known as The Endava Adaptive Model, or TEAM, with its three component structure comprising an Engagement Model to guide the interaction with its clients; an Interaction Model, called TEAM Enterprise Agile Scaling, or TEAS, which defines how it implements agile delivery at all levels of scaling, and Engineering Practices that guide its people to deliver effective and technical solutions for its clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Endava Partners with NatWest to Transform Merchant Payments
- Strategic Partnership Initiated: Endava has formed a strategic partnership with Tyl, NatWest's merchant payments arm, aimed at accelerating the evolution of its payment solutions by leveraging Endava's global operations and AI-native delivery model Dava.Flow™ to enhance customer payment acceptance experiences.
- Market Response Acceleration: This collaboration will significantly increase the speed at which new products and services are brought to market through the deployment of the Payments Gateway Accelerator, thereby enhancing flexibility, scalability, and performance across the payments lifecycle, helping Tyl maintain its competitive edge in a fierce market.
- Innovation-Driven Growth: Tyl's CEO James Hodgson noted that this partnership will accelerate innovation and unlock new revenue opportunities, ensuring competitiveness in a rapidly changing payments landscape, reflecting Endava's capability in delivering complex strategic engagements.
- Industry Integration and Modernization: With over 20 years of industry experience, Endava is committed to partnering with banks and payment providers to modernize platforms and simplify integrations to meet increasingly complex market demands, driving customer experience and business growth.
See More
Endava to Release Q3 2026 Results on May 21
- Earnings Release Schedule: Endava will announce its third-quarter results for the period ending March 31, 2026, on May 21, 2026, before the opening of U.S. markets, highlighting the company's latest advancements in technology-driven business transformation.
- Executive Conference Call: Following the earnings release, CEO John Cotterell and CFO Mark Thurston will hold a conference call at 8:00 AM ET to discuss the financial results, which is expected to provide deeper insights into the company's future strategies.
- Participant Dial-In Information: Participants can access the call by dialing 1-844-481-2736 (toll-free U.S.) or 1-412-317-0665 (international), using the conference ID for access, ensuring investors can smoothly join the discussion.
- Replay Availability: A replay of the call will be available on Endava's investor relations website after the meeting, allowing investors who could not attend live to access the information, thereby enhancing communication between the company and its investors.
See More
Argosy Investors Q4 Moves: New Positions and Exits
- New Investment Position: Argosy Investors acquired shares in Floor & Décor (FND) during Q4, noting that the company's current EBIT margins are approximately 30% below pre-COVID long-term levels, and anticipates margins will scale towards the low-to-mid-teens as the store base expands, enhancing profitability and market competitiveness.
- Exit from Unfavorable Investment: The fund sold its position in Novo Nordisk (NVO) after a brief holding period due to findings from further due diligence indicating a disadvantageous competitive situation, demonstrating caution and flexibility in investment decisions.
- Increased Confidence in Holdings: Argosy also strengthened its position in Endava (DAVA) during Q4, believing that its share price performance is largely company-specific and that there is a significant chance of mean reversion if DAVA can demonstrate inflecting organic revenue growth, indicating confidence in its future growth potential.
- Market Dynamics Insight: In analyzing market dynamics, Argosy is attentive to Novo Nordisk's competitive landscape and market pressures, particularly in light of positive mid-stage trial results for its obesity drug in China, showcasing keen insights into industry trends.
See More
Endava PLC Reports Revenue Decline Amid Strategic Investments
- Revenue Decline: Endava PLC reported revenue of GBP 184.1 million for the quarter, reflecting a 5.9% year-over-year decrease, indicating a decline in financial performance, particularly against the backdrop of ongoing investments in AI and next-gen talent that may impact future profitability.
- Loss Before Tax: The company recorded a loss before tax of GBP 7.2 million compared to a profit of GBP 2.5 million in the prior year, highlighting significant impacts on profitability amid increasing market competition and foreign exchange pressures.
- Decreased Client Spending: Revenue from the top 10 clients accounted for 35% of total revenue, down 1 percentage point from last year, with an average spend of GBP 6.5 million per client, a 7.9% year-over-year decline, suggesting weakened client demand that could affect the company's long-term growth potential.
- Cautious Future Outlook: The company provided revenue guidance for Q3 FY26 of GBP 182 million to GBP 185 million, anticipating a constant currency decrease of 4% to 2.5% year-over-year, while adjusted diluted EPS guidance is set at 18p to 21p, reflecting uncertainty in the market environment.
See More
Endava Reports Q2 FY2026 Earnings Results
- Declining Financial Performance: Endava reported a Q2 FY2026 non-GAAP EPS of £0.16 and revenue of £184.1 million, reflecting a 5.9% year-over-year decline, indicating pressure in market competition that could impact investor confidence moving forward.
- Reduced Cash Flow: The net cash from operating activities for Q2 was £28.2 million, down from £32.0 million in the same period last year, highlighting challenges in operational efficiency that may lead to increased liquidity risks.
- Client Base Changes: As of December 31, 2025, Endava had 135 clients generating over £1 million in revenue, a decrease from 141 clients a year earlier, indicating potential risks of client attrition that could affect future revenue stability.
- Cautious Future Outlook: Endava expects Q3 FY2026 revenue to range between £182.0 million and £185.0 million, representing a year-over-year decline of 4.0% to 2.5%, with adjusted EPS guidance of £0.18 to £0.21, reflecting a cautious stance on future market conditions.
See More
Endava Set to Announce Q2 Earnings on February 19
- Earnings Announcement: Endava is set to release its Q2 earnings on February 19 before market open, with a consensus EPS estimate of $0.21, reflecting a 30% year-over-year decline, which may impact investor sentiment.
- Revenue Expectations: The anticipated revenue for Q2 is $243.66 million, representing a 24.6% year-over-year increase, indicating strong performance in revenue growth despite challenges in profitability.
- Historical Performance: Over the past two years, Endava has beaten EPS estimates 88% of the time and revenue estimates 88% of the time, suggesting a degree of stability and reliability in its financial performance.
- Estimate Revisions: In the last three months, there have been no upward revisions for EPS estimates and one downward revision, while revenue estimates also saw no upward revisions and one downward revision, reflecting analysts' cautious outlook on the company's future performance.
See More
Endava Partners with NatWest to Transform Merchant Payments
- Strategic Partnership Initiated: Endava has formed a strategic partnership with Tyl, NatWest's merchant payments arm, aimed at accelerating the evolution of its payment solutions by leveraging Endava's global operations and AI-native delivery model Dava.Flow™ to enhance customer payment acceptance experiences.
- Market Response Acceleration: This collaboration will significantly increase the speed at which new products and services are brought to market through the deployment of the Payments Gateway Accelerator, thereby enhancing flexibility, scalability, and performance across the payments lifecycle, helping Tyl maintain its competitive edge in a fierce market.
- Innovation-Driven Growth: Tyl's CEO James Hodgson noted that this partnership will accelerate innovation and unlock new revenue opportunities, ensuring competitiveness in a rapidly changing payments landscape, reflecting Endava's capability in delivering complex strategic engagements.
- Industry Integration and Modernization: With over 20 years of industry experience, Endava is committed to partnering with banks and payment providers to modernize platforms and simplify integrations to meet increasingly complex market demands, driving customer experience and business growth.
See More
Endava to Release Q3 2026 Results on May 21
- Earnings Release Schedule: Endava will announce its third-quarter results for the period ending March 31, 2026, on May 21, 2026, before the opening of U.S. markets, highlighting the company's latest advancements in technology-driven business transformation.
- Executive Conference Call: Following the earnings release, CEO John Cotterell and CFO Mark Thurston will hold a conference call at 8:00 AM ET to discuss the financial results, which is expected to provide deeper insights into the company's future strategies.
- Participant Dial-In Information: Participants can access the call by dialing 1-844-481-2736 (toll-free U.S.) or 1-412-317-0665 (international), using the conference ID for access, ensuring investors can smoothly join the discussion.
- Replay Availability: A replay of the call will be available on Endava's investor relations website after the meeting, allowing investors who could not attend live to access the information, thereby enhancing communication between the company and its investors.
See More
Argosy Investors Q4 Moves: New Positions and Exits
- New Investment Position: Argosy Investors acquired shares in Floor & Décor (FND) during Q4, noting that the company's current EBIT margins are approximately 30% below pre-COVID long-term levels, and anticipates margins will scale towards the low-to-mid-teens as the store base expands, enhancing profitability and market competitiveness.
- Exit from Unfavorable Investment: The fund sold its position in Novo Nordisk (NVO) after a brief holding period due to findings from further due diligence indicating a disadvantageous competitive situation, demonstrating caution and flexibility in investment decisions.
- Increased Confidence in Holdings: Argosy also strengthened its position in Endava (DAVA) during Q4, believing that its share price performance is largely company-specific and that there is a significant chance of mean reversion if DAVA can demonstrate inflecting organic revenue growth, indicating confidence in its future growth potential.
- Market Dynamics Insight: In analyzing market dynamics, Argosy is attentive to Novo Nordisk's competitive landscape and market pressures, particularly in light of positive mid-stage trial results for its obesity drug in China, showcasing keen insights into industry trends.
See More
Endava PLC Reports Revenue Decline Amid Strategic Investments
- Revenue Decline: Endava PLC reported revenue of GBP 184.1 million for the quarter, reflecting a 5.9% year-over-year decrease, indicating a decline in financial performance, particularly against the backdrop of ongoing investments in AI and next-gen talent that may impact future profitability.
- Loss Before Tax: The company recorded a loss before tax of GBP 7.2 million compared to a profit of GBP 2.5 million in the prior year, highlighting significant impacts on profitability amid increasing market competition and foreign exchange pressures.
- Decreased Client Spending: Revenue from the top 10 clients accounted for 35% of total revenue, down 1 percentage point from last year, with an average spend of GBP 6.5 million per client, a 7.9% year-over-year decline, suggesting weakened client demand that could affect the company's long-term growth potential.
- Cautious Future Outlook: The company provided revenue guidance for Q3 FY26 of GBP 182 million to GBP 185 million, anticipating a constant currency decrease of 4% to 2.5% year-over-year, while adjusted diluted EPS guidance is set at 18p to 21p, reflecting uncertainty in the market environment.
See More
Endava Reports Q2 FY2026 Earnings Results
- Declining Financial Performance: Endava reported a Q2 FY2026 non-GAAP EPS of £0.16 and revenue of £184.1 million, reflecting a 5.9% year-over-year decline, indicating pressure in market competition that could impact investor confidence moving forward.
- Reduced Cash Flow: The net cash from operating activities for Q2 was £28.2 million, down from £32.0 million in the same period last year, highlighting challenges in operational efficiency that may lead to increased liquidity risks.
- Client Base Changes: As of December 31, 2025, Endava had 135 clients generating over £1 million in revenue, a decrease from 141 clients a year earlier, indicating potential risks of client attrition that could affect future revenue stability.
- Cautious Future Outlook: Endava expects Q3 FY2026 revenue to range between £182.0 million and £185.0 million, representing a year-over-year decline of 4.0% to 2.5%, with adjusted EPS guidance of £0.18 to £0.21, reflecting a cautious stance on future market conditions.
See More
Endava Set to Announce Q2 Earnings on February 19
- Earnings Announcement: Endava is set to release its Q2 earnings on February 19 before market open, with a consensus EPS estimate of $0.21, reflecting a 30% year-over-year decline, which may impact investor sentiment.
- Revenue Expectations: The anticipated revenue for Q2 is $243.66 million, representing a 24.6% year-over-year increase, indicating strong performance in revenue growth despite challenges in profitability.
- Historical Performance: Over the past two years, Endava has beaten EPS estimates 88% of the time and revenue estimates 88% of the time, suggesting a degree of stability and reliability in its financial performance.
- Estimate Revisions: In the last three months, there have been no upward revisions for EPS estimates and one downward revision, while revenue estimates also saw no upward revisions and one downward revision, reflecting analysts' cautious outlook on the company's future performance.
See More
