Endava plc reported first quarter fiscal year 2026 results with revenue of £178.2 million, reflecting an 8.6% year-on-year decline, or a 7.3% decline at constant currency. Diluted earnings per share were £(0.15), compared to £0.04 in the prior year period. Adjusted diluted earnings per share were £0.15, down from £0.25 in the prior year period. The company noted the quarter was affected by an unexpected client credit and certain pipeline opportunities not converting into revenue as anticipated. Endava secured a multi-year strategic relationship with a leading payments company, valued at up to $100 million. For full fiscal year 2026, Endava expects revenue between £735.0 million and £752.0 million, representing a constant currency revenue change of between (4.5)% and (2.5)% year over year, and adjusted diluted earnings per share in the range of £0.80 to £0.88.