Endava Announces Preliminary Findings From Internal Probe Of Its Accounting Practices; To Restate FY26 Financial Results; FY26 Revenue To Be Adjusted By ~2% - 4%; CFO Mark Thurston Resigns, CEO John Cotterell Plans To Retire, Effective Oct. 19, 2027; Rob Machin Named Interim CEO
Endava plc (NYSE: DAVA) ("Endava" or the "Company") today announced preliminary findings of the previously announced internal investigation into the accounting treatment of certain customer and supplier
Endava found mistakes in how it counted money from customers and suppliers. The company will fix its earnings reports, change the CEO and finance leader, and show a bit less revenue than before. When leaders leave suddenly and numbers need fixing, it signals the company had trust problems that investors should watch closely.
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