11:15 AM EST, 02/20/2025 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph, buyback plan in the last paragraph, and analyst estimates in British pounds throughout the story.)

Endava's ( DAVA ) shares were down 8.1% in recent Thursday trading after the company posted fiscal Q2 revenue that trailed analyst expectations.

The company reported fiscal Q2 adjusted earnings of 0.30 British pounds ($0.38) per diluted share, unchanged from a year earlier.

Analysts polled by FactSet expected 0.25 pounds.

Revenue for the quarter ended Dec. 31 was 195.6 million pounds, compared with 183.6 million pounds a year earlier.

Analysts surveyed by FactSet expected 196.3 million pounds.

The company said it expects fiscal Q3 adjusted diluted EPS of 0.31 pounds to 0.32 pounds. Analysts surveyed by FactSet expect 0.29 pounds. The company expects revenue of 198 million pounds to 200 million pounds. Analysts polled by FactSet expect 202 million pounds.

Endava ( DAVA ) said it expects fiscal 2025 adjusted diluted EPS of 1.20 pounds to 1.23 pounds. Analysts surveyed by FactSet expect 1.14 pounds. The company expects revenue between 795 million pounds and 800 million pounds. Analysts polled by FactSet expect 805.2 million pounds.

Endava ( DAVA ) said its board authorized it to buy back up to $100 million of its class A ordinary shares in the form of American depositary shares.

Price: 27.79, Change: -2.72, Percent Change: -8.92