Endava Restates Fiscal 2026 Results Following Accounting Error Investigation
Endava (DAVA) has announced it will restate its fiscal 2026 financial results following an internal investigation that uncovered accounting errors related to specific customer and supplier agreements. The company is proactively addressing these discrepancies to ensure future reporting accuracy. The error is expected to result in revenue adjustments totaling between 2% and 4% of the company's fiscal 2025 revenue. Due to the ongoing nature of these corrections, Endava has officially withdrawn its previously issued guidance for fiscal year 2026.
Tickers: $DAVA
Topics: accounting error financial restatement revenue adjustment