Recent Updates — DAVA

Endava plc announced preliminary findings from an internal investigation into its accounting treatment of certain customer and supplier agreements, determining that revenue recognition was incorrect. The company will restate its previously reported fiscal 2026 financial results, with adjustments equivalent to approximately 2%–4% of prior fiscal 2025 revenue. CFO Mark Thurston resigned effective October 25, 2026, and CEO John Cotterell is retiring early; Rob Machin will serve as interim CEO. The company expects to file a late Form 20-F and identified material weaknesses in internal controls over financial reporting. Endava provides next-generation technology services and AI-native digital transformation solutions.

On September 21, 2026, Endava plc appointed Conor McShane from AlixPartners LLP as Interim Chief Financial Officer and designated him as principal financial officer and principal accounting officer. This appointment followed the Board's decision to place outgoing CFO Mark Thurston on administrative leave pending an investigation by independent outside counsel into concerns raised by auditors regarding the company’s accounting treatment of certain customer and supplier agreements. The filing indicates that Endava expects to delay its fourth quarter and full year 2026 earnings release, conference call, and Annual Report on Form 20-F, with a target publication date of November 2, 2026. Endava operates in the technology services industry, providing digital transformation solutions.