Top 8 Must-See AI News Updates Investors Probably Missed

3. Endava plc (NYSE:DAVA

Number of Hedge Fund Holders: 16

Endava plc (NYSE:DAVA) is an IT services and consulting firm that offers software development, data analysis, cloud delivery, test automation, and AI solutions to diverse industries, including finance, telecom, insurance, media, retail, and healthcare.

On February 20th, Endava plc (NYSE:DAVA) posted a 6.6% YoY increase in revenue to $246.7 million for the quarter ended December 31st, 2024. The company recorded a fall YoY EPS for the quarter to $0.14 from $0.18. For the current quarter, Endava plc (NYSE:DAVA) set a revenue guidance between $249.73 million and $252.25 million.

“Our results for the second quarter of FY25 were solid, with improved profitability. Gen AI adoption is becoming a key priority for clients. With our hands-on experience, coupled with deep industry expertise, we believe we are in a strong position to cut through the hype that our clients are exposed to regarding AI and to work with them to deliver real business value. Additionally, today, we announced our first share buyback program totaling $100 million as we reinforce our commitment to optimising our capital allocation.”

-said John Cotterell, Endava’s CEO.