Endava plc (NYSE:DAVA) Q3 2020 Earnings Conference Call - Final Transcript

May 21, 2020 • 08:00 am ET


Endava plc (NYSE:DAVA) Q3 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Endava plc Earnings Release Q3 Fiscal Year 2020 Conference Call. [Operator Instructions] After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions].

I would now like to hand the conference over to your speaker today, Laurence Madsen. Thank you. Please go ahead.

Laurence Madsen

Thank you. Good afternoon, everyone, and welcome to Endava's third quarter of fiscal year 2020 earnings conference call. As a reminder, this conference call is being recorded. Joining me today are John Cotterell, Endava's Chief Executive Officer, and Mark Thurston, Endava's Chief Financial Officer. Before we begin, a quick reminder to our listeners. Our remarks today include forward-looking statements, including our guidance for Q4 fiscal year 2020 and the full fiscal year 2020.

The impact of the COVID-19 pandemic and associated global economic uncertainty, the opportunity for new generation technology services, Endava's ability to participate in their recovery from the COVID-19 pandemic and timing thereof and its ability to retain its employees, and their income during the COVID-19 pandemic, client demand for Endava services and other forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. Actual results and the timing of certain events may differ materially from the results or timing predicted or implied by such forward-looking statements, and reported results should not be considered as an indication of future performance.

Please note that these forward-looking statements made during this call speak only as of today's date, and the company undertakes no obligation to update them to reflect subsequent events or circumstances other than to the extent required by law. Please refer to the Risk Factors section of our annual report on Form 20-F filed with the Securities and Exchange Commission on September 25, 2019 and supplemented by the risk factor update filed as Exhibit 99.2 to our current report on Form 6-K filed with the SEC on March 31, 2020, as well as other SEC filings.

Also, during the call, we'll present both IFRS and non-IFRS financial measures. A reconciliation of non-IFRS to IFRS measures is included in today's earnings press release, which you can find on our Investor Relation website. A link to the replay of this call will also be available there.

With that, I'll turn the call over to John.

John Cotterell

Thank you, Laurence. And I'd like to thank you all for joining us today. I hope you and your families are all safe and well in these challenging times. Mark and I are pleased to be here to provide an update on our business and financial performance for the three months ended March 31, 2020, and to give a bit of color on how we are responding to the COVID-19 pandemic. Whilst we see significant short term uncertainty, we'd like to give you some perspective on what Endava is experiencing and our actions in response. But firstly, looking at Q3 fiscal year 2020, Endava had