Endava plc (NYSE:DAVA) Q2 2023 Earnings Conference Call February 14, 2023 8:00 AM ET

Company Participants

Laurence Madsen - Head of Investor Relations

John Cotterell - Chief Executive Officer

Mark Thurston - Chief Financial Officer

Conference Call Participants

Bryan Bergin - Cowen

Bryan Keane - Deutsche Bank

Moshe Katri - Wedbush Securities

Maggie Nolan - William Blair

Jamie Friedman - Susquehanna

Operator

Good day and welcome to Endava's Second Quarter of Fiscal Year 2023 Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Ms. Laurence Madsen, Head of Investor Relations at Endava plc. Please go ahead.

Laurence Madsen

Thank you. Good afternoon, everyone and welcome to Endava's second quarter of fiscal year 2023 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 Q3 fiscal year 2023 and for the full fiscal year 2023 and other forward-looking statements regarding our business and operations. 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 conference 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. For more information, please refer to the Risk Factors section of our annual report filed with the Securities and Exchange Commission on October 31, 2022.

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 Relations website or on the SEC website. The link to the replay of this call will also be available on our website.

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

John Cotterell

Thank you, Laurence. I'd like to thank you all for joining us today and I hope you're all well. We are pleased to be here to provide an update on our business and financial performance for the 3 months ended December 31, 2022. We reported another solid quarter with revenue totaling £205.2 million for Q2 of our fiscal year 2023, representing a 30.2% year-on-year increase from £157.7 million in the same period in the prior year. We ended the quarter with an adjusted profit before tax for the period of £41.9 million, representing a 20.4% adjusted profit before tax margin.