Endava reported a challenging fiscal third quarter of 2026, with revenue declining 8.4% year-over-year to £178.5 million. The company faced uneven demand and extended deal cycles, leading to a £364.6 million goodwill impairment and a deferred tax asset charge, resulting in a diluted loss per share of £7.55. Despite these headwinds, AI-driven business grew from 5% to 15% of total revenue, supported by new partnerships with Mastercard and Tyl by NatWest. Endava anticipates fiscal fourth quarter revenue between £181.0 million and £185.0 million, with adjusted diluted earnings per share of £0.09 to £0.13.
Mastercard IncEndava's AI-driven business grew to 15% of revenue, supported by new partnerships with Mastercard.
Endava Ltd