Endava Business Summary

Endava plc (DAVA) operates as a pure-play digital transformation service provider, generating the vast majority of its revenue through time-and-materials (T&M) consulting and engineering engagements. As of Q2 FY2026, the company’s revenue is diversified across key industry verticals: Banking and Capital Markets (22%), Payments (19%), Technology, Media, and Telecommunications (16%), and Healthcare (12%), with additional contributions from Insurance and Mobility. Endava is currently executing a strategic pivot toward an "AI-native" delivery model, anchored by its proprietary Dava.Flow engagement lifecycle platform, to drive operational efficiency and higher-value client outcomes. In the competitive landscape, Endava competes directly with digital engineering peers such as EPAM Systems and Globant, as well as larger legacy integrators like Accenture and Cognizant; it differentiates itself through a high-touch agile delivery model and a concentrated nearshore footprint in Eastern Europe and Latin America. The leadership team is led by Founder and CEO John Cotterell, who has steered the firm since its inception in 2000 and maintains a significant 16.3% equity stake. Supporting the executive suite are CFO Mark Thurston, an experienced US-listed finance lead formerly of Xansa plc, and CTO Matt Cloke, who oversees the firm’s technical roadmap and AI integration. Recent strategic reorganizations have introduced Alastair Lukies CBE as Chief Engagement Officer and Chair of the Global Advisory Board—a body co-chaired by Dame Alison Rose—to accelerate AI-driven growth initiatives. The Board of Directors is chaired by Trevor Smith, former CIO for EMEA at Goldman Sachs, and includes seasoned independent directors such as Ben Druskin (ex-Citigroup) and Kathryn Hollister (ex-Deloitte), providing deep institutional pedigree in global finance and professional services.