The company is strategically shifting towards becoming AI Native, introducing new engagement models while building partnerships and evolving its engagement strategy. Recent wins include securing a multi-year strategic relationship with a leading payments company valued at up to $100 million, demonstrating the strength of client relationships. Endava is generating strong initial client interest in Dava.Flow, its AI-native engagement lifecycle product.
Cyborg Score Rationale
Q2 FY2026 revenue of £184.1 million was down 5.9% year-on-year, although up 3.3% sequentially. While the company shows strong cash flow generation, it faces short-term challenges with declining revenues and profitability despite strategic advancements in AI and partnerships. The shift to outcome-based, AI-enabled client solutions is eroding traditional revenue but is expected to support improved margins as the transition matures.
Top Insights
Company headcount totaled 11,385 at December 31, 2025, with an average of 10,326 operational employees in Q2 FY2026.
Endava's client base is concentrated in the payments and financial services, technology, media, and telecom industries.
Q1 FY2026 results were impacted by an unexpected credit to a client and certain strategic pipeline opportunities that did not convert as anticipated.
As of January 31, 2026, the company had repurchased 8,047,338 American Depositary Shares for $121.9 million under its share repurchase program.
Named Competitors
Digital Transformation Services — Large-scale software engineering and digital transformation provider
Technology Services — Global IT services and digital transformation leader
Technology Consulting — Swiss-based digital commerce and technology services provider
Recent Developments
(February 2026) Q2 FY2026 results show sequential revenue growth to £184.1 million (+3.3%) but year-on-year decline of 5.9%