{"success":true,"data":{"pressRelease":{"id":"148971","rtpr_id":"nBw6N3Y4xa-20260921","ticker":"DAVA","exchange":"NYSE","all_tickers":["DAVA","2Y5Y"],"title":"Endava Appoints Conor McShane as Interim Chief Financial Officer","author":"Business Wire","published_at":"2026-09-21T21:04:00.083Z","article_body":"Endava Appoints Conor McShane as Interim Chief Financial Officer\n\nIntends to Report Fiscal Fourth Quarter and Full Year 2026 Financial Results\nby November 2, 2026\n\nEndava plc (NYSE: DAVA), the technology-driven business transformation group\nwhose AI-native approach combines cutting-edge technology with deep industry\nexpertise, today announced that Conor McShane of AlixPartners LLP, a leading\nglobal business advisory firm, has been appointed as Interim Chief Financial\nOfficer, effective today.\n\nMr. McShane’s appointment follows the decision of the Company’s Board of\nDirectors, upon the recommendation of the Audit Committee of the Board, to\nplace Mark Thurston, Chief Financial Officer, on administrative leave, also\neffective today. Mr. Thurston’s leave is pending the conclusion of an\nongoing investigation being conducted by independent outside counsel for the\nBoard’s Audit Committee, which was initiated in response to concerns about\nthe Company’s accounting treatment of certain customer and supplier\nagreements and related matters.\n\nThe Company’s Board remains committed to acting in the best interests of\nEndava and its shareholders, and the management team remains focused on\ndisciplined execution, delivering for clients, and advancing the Company’s\nAI-native strategy.\n\nTIMING OF FISCAL FOURTH QUARTER AND FULL YEAR 2026 FINANCIAL RESULTS\n\nEndava intends to publish its fiscal fourth quarter and full year 2026\nfinancial results, and file its Annual Report on Form 20-F for fiscal 2026, by\nNovember 2, 2026.\n\nThe Company will announce the date and time of its earnings release and\nconference call once they have been scheduled.\n\nABOUT ENDAVA PLC\n\nEndava is a leading provider of next-generation technology services, dedicated\nto enabling its clients to accelerate growth, tackle complex challenges and\nthrive in evolving markets. By combining innovative technologies and deep\nindustry expertise with an AI-native approach, Endava consults and partners\nwith clients to create solutions that drive transformation, augment\nintelligence and deliver lasting impact. From ideation to production, it\nsupports clients with tailor-made solutions at every stage of their digital\ntransformation, regardless of industry, region or scale.\n\nEndava’s clients span payments, insurance, banking and capital markets,\ntechnology, media, telecommunications, healthcare, mobility, retail and\nconsumer goods and more. As of March 31, 2026, 11,225 Endavans are helping\nclients break new ground across locations in Europe, the Americas, Asia\nPacific and the Middle East.\n\nFor more information, visit www.endava.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.endava.com%2F&esheet=54608316&newsitemid=20260921425818&lan=en-US&anchor=www.endava.com&index=1&md5=08efdf3fc5be07842e0e5d4a84a995e3)\n.\n\nFORWARD-LOOKING STATEMENTS\n\nThis press release includes forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. These forward-looking\nstatements may be identified by the use of terms and phrases such as\n“believe,” “expect,” \"intends,\" \"outlook,\" “may,” “will,” and\nother similar terms and phrases. Such forward-looking statements include, but\nare not limited to, statements regarding the investigation being conducted by\nindependent outside counsel for the Board’s Audit Committee, including the\nscope, timing and results of the investigation; and the availability and\nannouncement of fourth quarter and full year 2026 financial results.\nForward-looking statements involve known and unknown risks, uncertainties and\nother factors that could cause actual results to differ materially from the\nresults anticipated by these forward-looking statements, including, but not\nlimited to: Endava’s ability to achieve its revenue growth goals, including\nas a result of a slower conversion of its pipeline; Endava's expectations of\nfuture operating results or financial performance; Endava’s ability to\naccurately forecast and achieve its announced guidance; Endava's ability to\nretain existing clients and attract new clients, including its ability to\nincrease revenue from existing clients and diversify its revenue\nconcentration; Endava’s ability to attract and retain highly-skilled IT\nprofessionals at cost-effective rates; Endava's ability to successfully\nidentify acquisition targets, consummate acquisitions and successfully\nintegrate acquired businesses and personnel; Endava's ability to penetrate new\nindustry verticals and geographies and grow its revenue in current industry\nverticals and geographies; Endava’s ability to maintain favorable pricing\nand utilisation rates to support its gross margin; the effects of increased\ncompetition as well as innovations by new and existing competitors in its\nmarket; the size of Endava's addressable market and market trends; Endava’s\nability to adapt to technological change and industry trends and innovate\nsolutions for its clients; Endava's plans for growth and future operations,\nincluding its ability to manage its growth; Endava's ability to effectively\nmanage its international operations, including Endava's exposure to foreign\ncurrency exchange rate fluctuations; Endava's future financial performance;\nthe impact of unstable market, economic, and global conditions, as well as\nother risks and uncertainties discussed in the “Risk Factors” section of\nEndava's Annual Report on Form 20-F for the year ended June 30, 2025, filed\nwith the SEC on September 4, 2025, and in other filings that Endava makes from\ntime to time with the SEC. In addition, the forward-looking statements\nincluded in this press release represent Endava’s views and expectations as\nof the date hereof and are based on information currently available to Endava.\nEndava anticipates that subsequent events and developments may cause its views\nto change. Endava specifically disclaims any obligation to update the\nforward-looking statements in this press release except as required by law.\nThese forward-looking statements should not be relied upon as representing\nEndava’s views as of any date subsequent to the date hereof.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260921425818/en/\n(https://www.businesswire.com/news/home/20260921425818/en/)\n\nInvestor Relations Contact:\n\nLaurence Madsen, Endava\n\ninvestors@endava.com (mailto:investors@endava.com)\n\nMedia Contact: \n\nEndava Press Office: Media.Relations@endava.com\n(mailto:Media.Relations@endava.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw6N3Y4xa-20260921","title":"Endava Appoints Conor McShane as Interim Chief Financial Officer","author":"Business Wire","ticker":"DAVA","created":"2026-09-21T21:04:00.083Z","tickers":["DAVA","2Y5Y"],"exchange":"NYSE","article_body":"Endava Appoints Conor McShane as Interim Chief Financial Officer\n\nIntends to Report Fiscal Fourth Quarter and Full Year 2026 Financial Results\nby November 2, 2026\n\nEndava plc (NYSE: DAVA), the technology-driven business transformation group\nwhose AI-native approach combines cutting-edge technology with deep industry\nexpertise, today announced that Conor McShane of AlixPartners LLP, a leading\nglobal business advisory firm, has been appointed as Interim Chief Financial\nOfficer, effective today.\n\nMr. McShane’s appointment follows the decision of the Company’s Board of\nDirectors, upon the recommendation of the Audit Committee of the Board, to\nplace Mark Thurston, Chief Financial Officer, on administrative leave, also\neffective today. Mr. Thurston’s leave is pending the conclusion of an\nongoing investigation being conducted by independent outside counsel for the\nBoard’s Audit Committee, which was initiated in response to concerns about\nthe Company’s accounting treatment of certain customer and supplier\nagreements and related matters.\n\nThe Company’s Board remains committed to acting in the best interests of\nEndava and its shareholders, and the management team remains focused on\ndisciplined execution, delivering for clients, and advancing the Company’s\nAI-native strategy.\n\nTIMING OF FISCAL FOURTH QUARTER AND FULL YEAR 2026 FINANCIAL RESULTS\n\nEndava intends to publish its fiscal fourth quarter and full year 2026\nfinancial results, and file its Annual Report on Form 20-F for fiscal 2026, by\nNovember 2, 2026.\n\nThe Company will announce the date and time of its earnings release and\nconference call once they have been scheduled.\n\nABOUT ENDAVA PLC\n\nEndava is a leading provider of next-generation technology services, dedicated\nto enabling its clients to accelerate growth, tackle complex challenges and\nthrive in evolving markets. By combining innovative technologies and deep\nindustry expertise with an AI-native approach, Endava consults and partners\nwith clients to create solutions that drive transformation, augment\nintelligence and deliver lasting impact. From ideation to production, it\nsupports clients with tailor-made solutions at every stage of their digital\ntransformation, regardless of industry, region or scale.\n\nEndava’s clients span payments, insurance, banking and capital markets,\ntechnology, media, telecommunications, healthcare, mobility, retail and\nconsumer goods and more. As of March 31, 2026, 11,225 Endavans are helping\nclients break new ground across locations in Europe, the Americas, Asia\nPacific and the Middle East.\n\nFor more information, visit www.endava.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.endava.com%2F&esheet=54608316&newsitemid=20260921425818&lan=en-US&anchor=www.endava.com&index=1&md5=08efdf3fc5be07842e0e5d4a84a995e3)\n.\n\nFORWARD-LOOKING STATEMENTS\n\nThis press release includes forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. These forward-looking\nstatements may be identified by the use of terms and phrases such as\n“believe,” “expect,” \"intends,\" \"outlook,\" “may,” “will,” and\nother similar terms and phrases. Such forward-looking statements include, but\nare not limited to, statements regarding the investigation being conducted by\nindependent outside counsel for the Board’s Audit Committee, including the\nscope, timing and results of the investigation; and the availability and\nannouncement of fourth quarter and full year 2026 financial results.\nForward-looking statements involve known and unknown risks, uncertainties and\nother factors that could cause actual results to differ materially from the\nresults anticipated by these forward-looking statements, including, but not\nlimited to: Endava’s ability to achieve its revenue growth goals, including\nas a result of a slower conversion of its pipeline; Endava's expectations of\nfuture operating results or financial performance; Endava’s ability to\naccurately forecast and achieve its announced guidance; Endava's ability to\nretain existing clients and attract new clients, including its ability to\nincrease revenue from existing clients and diversify its revenue\nconcentration; Endava’s ability to attract and retain highly-skilled IT\nprofessionals at cost-effective rates; Endava's ability to successfully\nidentify acquisition targets, consummate acquisitions and successfully\nintegrate acquired businesses and personnel; Endava's ability to penetrate new\nindustry verticals and geographies and grow its revenue in current industry\nverticals and geographies; Endava’s ability to maintain favorable pricing\nand utilisation rates to support its gross margin; the effects of increased\ncompetition as well as innovations by new and existing competitors in its\nmarket; the size of Endava's addressable market and market trends; Endava’s\nability to adapt to technological change and industry trends and innovate\nsolutions for its clients; Endava's plans for growth and future operations,\nincluding its ability to manage its growth; Endava's ability to effectively\nmanage its international operations, including Endava's exposure to foreign\ncurrency exchange rate fluctuations; Endava's future financial performance;\nthe impact of unstable market, economic, and global conditions, as well as\nother risks and uncertainties discussed in the “Risk Factors” section of\nEndava's Annual Report on Form 20-F for the year ended June 30, 2025, filed\nwith the SEC on September 4, 2025, and in other filings that Endava makes from\ntime to time with the SEC. In addition, the forward-looking statements\nincluded in this press release represent Endava’s views and expectations as\nof the date hereof and are based on information currently available to Endava.\nEndava anticipates that subsequent events and developments may cause its views\nto change. Endava specifically disclaims any obligation to update the\nforward-looking statements in this press release except as required by law.\nThese forward-looking statements should not be relied upon as representing\nEndava’s views as of any date subsequent to the date hereof.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260921425818/en/\n(https://www.businesswire.com/news/home/20260921425818/en/)\n\nInvestor Relations Contact:\n\nLaurence Madsen, Endava\n\ninvestors@endava.com (mailto:investors@endava.com)\n\nMedia Contact: \n\nEndava Press Office: Media.Relations@endava.com\n(mailto:Media.Relations@endava.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-21T21:04:00.128007991Z","server_sent_at_ms":1790024640128},"received_at":"2026-09-21T21:04:00.183Z","source_url":"https://www.businesswire.com/news/home/20260921425818/en/"},"analysis":{"id":"137530","press_release_id":"148971","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["CFO placed on administrative leave amid independent investigation into accounting treatment of customer and supplier agreements — potential restatement risk","Interim CFO sourced externally from AlixPartners rather than internal promotion, signaling governance concern","Fiscal Q4/FY2026 results and 20-F filing pushed to by November 2, 2026 — later-than-typical reporting window","Investigation scope, timing, and results remain open-ended with no resolution timeline given"],"eventType":"executive_change","narrative":"Endava appointed Conor McShane of AlixPartners LLP as Interim Chief Financial Officer, effective immediately.\n\nThe appointment follows the Board's decision, on the Audit Committee's recommendation, to place CFO Mark Thurston on administrative leave pending an investigation by independent outside counsel into the company's accounting treatment of certain customer and supplier agreements and related matters.\n\nEndava said it intends to publish fiscal Q4 and full year 2026 results and file its Annual Report on Form 20-F by November 2, 2026, with the scope, timing, and outcome of the investigation still open.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"External interim CFO installed while the CFO goes on leave over accounting concerns — restatement and delayed-filing risk looms ahead of the November 2 reporting deadline."},"keyFigures":{"customDimensions":{"investigation_subject":"accounting treatment of certain customer and supplier agreements","employees_as_of_2026_03_31":11225,"fy2026_results_and_20f_deadline":"November 2, 2026"}},"quotedText":"place Mark Thurston, Chief Financial Officer, on administrative leave, also\neffective today.","namedEntities":{"people":[{"name":"Conor McShane","role":"Interim Chief Financial Officer (from AlixPartners LLP)"},{"name":"Mark Thurston","role":"Chief Financial Officer, placed on administrative leave"}],"products":[],"companies":[{"name":"Endava plc","ticker":"DAVA","relationship":"filer"},{"name":"AlixPartners LLP","relationship":"external business advisory firm supplying interim CFO"}],"dollarAmounts":[]},"materialImpact":{"score":5,"reasoning":"CFO Mark Thurston was placed on administrative leave amid an independent Audit Committee investigation into the accounting treatment of certain customer and supplier agreements — a scenario carrying restatement and 20-F filing risk. The external interim hire from AlixPartners and the pushed-out reporting window (by November 2, 2026) underscore severity comparable to a C-suite departure."},"tickerRelevance":{"others":[],"primary":"DAVA"},"globalImportance":48,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"cfo_administrative_leave_accounting_investigation","issuerAuthored":true,"filingDelayRisk":true,"restatementRisk":true,"externalInterimHire":true}},"event_type":"executive_change","event_type_secondary":null,"sentiment":"bearish","material_impact_score":5,"narrative":"Endava appointed Conor McShane of AlixPartners LLP as Interim Chief Financial Officer, effective immediately.\n\nThe appointment follows the Board's decision, on the Audit Committee's recommendation, to place CFO Mark Thurston on administrative leave pending an investigation by independent outside counsel into the company's accounting treatment of certain customer and supplier agreements and related matters.\n\nEndava said it intends to publish fiscal Q4 and full year 2026 results and file its Annual Report on Form 20-F by November 2, 2026, with the scope, timing, and outcome of the investigation still open.","key_figures":{"customDimensions":{"investigation_subject":"accounting treatment of certain customer and supplier agreements","employees_as_of_2026_03_31":11225,"fy2026_results_and_20f_deadline":"November 2, 2026"}},"named_entities":{"people":[{"name":"Conor McShane","role":"Interim Chief Financial Officer (from AlixPartners LLP)"},{"name":"Mark Thurston","role":"Chief Financial Officer, placed on administrative leave"}],"products":[],"companies":[{"name":"Endava plc","ticker":"DAVA","relationship":"filer"},{"name":"AlixPartners LLP","relationship":"external business advisory firm supplying interim CFO"}],"dollarAmounts":[]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-21T21:05:35.040Z","global_importance":48,"audience_relevance":30,"importance_components":{"tickerTier":"mid-cap","eventGravity":"cfo_administrative_leave_accounting_investigation","issuerAuthored":true,"filingDelayRisk":true,"restatementRisk":true,"externalInterimHire":true}},"durationMs":94845,"modelName":"glm-5.3-flash"}}