10 April 2017
Endava Ranks In Sunday Times BDO Profit Track 100
Leading IT services company Endava, continues its industry-leading growth ranking in the Profit Track 100
, with an annualised increase of 59% in profits over the last three years.
Having increased its annual revenues in the July 2015 - June 2016 financial year to over £115 million, up 37% year-over-year, the company’s revenue figures are well above the global IT industry average. Continuing to excel, Endava also has a five year Cumulative Average Growth Rate of 40%.
John Cotterell, Chief Executive Endava
, said "I want to thank everyone at Endava for contributing to another great year. We are passionate about creating success for our clients and enabling our people to be the best that they can be. I believe our culture is a key factor in our financial performance and we are well placed to continue to grow in the global business environment, given our increasing geographical spread. We believe our focus on industry verticals and relevant solutions will continue to drive revenue growth. "
Digital Evolution and Agile Transformation are the company’s lead propositions, which combined generated 93% of the group’s revenues. Underpinning these market propositions, Endava’s offerings support customers on their journey from initial idea through to production and include: Architecture, Distributed Agile, Testing Services, Cloud, Service Desk, Digital Execution, Software Engineering, Digital Strategy, Creative Services/UX, CD & Dev Ops, Applications Management, and Insights through Data.
During the year Endava strengthened its digital capabilities with the acquisition of Nickelfish, a New Jersey based UX and interactive design firm. In addition, Endava opened a new green field Delivery Unit in Bogota, Colombia, so that operations in Latin America will better position the company to support clients in North America. The company has also announced its merger with ISDC, a software engineering company with approximately 300 employees across offices in the Netherlands, Romania and Bulgaria.
Endava’s ability to build multi-year relationships with customers remains a key strength and 70% of the reported revenues were from customers who have worked with Endava for over 3 years. Endava is increasing the number of clients who have the capability to significantly expand their activities with Endava and the average revenue for our top 10 accounts exceeds £6 million.
During the past financial year Endava’s headcount grew by 42%, with 89% of the people located in Central Europe. At the moment, the company has over 3,600 people and continues to be an aspirational brand for IT professionals in the regions where it operates, which enables Endava to attract and retain the best talent.
Endava is a privately-owned IT services company, with over 15 years of experience of working with some of the world’s leading Finance, Insurance, Telecommunications, Media, Technology, and Retail companies helping them evolve and transform their businesses to meet the needs of today’s and tomorrow’s customers.
Endava has over 3,600 employees located in offices in North America and Western Europe and delivery centres in Colombia, Macedonia, Moldova, Romania and Serbia.
Along with investing in long term customer relationships, Endava recognised the importance of providing rewarding and challenging careers for people and, by doing so, has established itself as the employer of choice for the best and brightest engineers.