Endava plc announced its financial results for the third quarter of fiscal year 2025, reporting a year-on-year revenue increase of 11.7% to £194.8 million, compared to £174.4 million in the same period of the prior year. The revenue increase at constant currency was 12.4%. Profit before tax for Q3 FY2025 reached £13.6 million, a significant improvement from a loss before tax of £0.5 million in the corresponding period of the previous year. The company also reported an adjusted diluted EPS of £0.34, up from £0.22 in the prior year comparative period. Looking ahead, Endava provided guidance for the fourth quarter of fiscal year 2025, expecting revenue to be in the range of £186.0 million to £188.0 million, which represents a constant currency revenue change of between (1.0)% and 0.0% year on year. For the full fiscal year 2025, Endava projects revenue to range from £771.5 million to £773.5 million, reflecting a constant currency revenue increase between 6.0% and 6.5%. The company expects adjusted diluted EPS for the full fiscal year to be between £1.11 and £1.13 per share. In response to the current macroeconomic environment, the company noted slower signing of larger contracts despite a growing opportunity pipeline. The board of directors has authorized the repurchase of up to $50 million of additional Endava shares, indicating confidence in the company's cash flow outlook and long-term strategy.
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