Endava (DAVA) 45th Annual William Blair Growth Stock Conference summary

Market and Industry Trends

• AI is driving a major shift in technology services, with clients focused on integrating AI for improved customer interactions and operational efficiency.

• The digital transformation wave is evolving into deep AI integration with legacy systems, requiring core modernization for large-scale transformation.

• Engineering around AI presents challenges such as hallucinations, regulatory compliance, and high processing costs, though these are improving.

• The transition to AI-enabled solutions is causing a temporary pause in revenue growth as clients adapt to new delivery models.

• AI is a key driver of innovation and market opportunity, accelerating the need for digital core systems.

Business Strategy and Operations

• Investment in automation, proprietary accelerators, and AI tools like Dava.X and Morpheus enables faster, more effective modernization.

• Acquisition of Galaxy has enhanced legacy code analysis and core modernization capabilities, supporting AI-readiness.

• Diversification across industries and geographies has increased, reducing reliance on payments and financial services and expanding global delivery.

• Centers of excellence (pods) and a global workforce, including expanded presence in Latin America and APAC & Middle East, scale AI and modernization skills.

• Use of agentic AI is increasing productivity, though adoption varies by client.

Core Modernization Approach and Capabilities

• Patented, data-driven automation solutions streamline end-to-end system transformation.

• Mature playbooks and over 11,000 experts support swift, de-risked deployments.

• Hundreds of successful projects and over 500 million lines of code analyzed demonstrate scale.