Endava Romania reports RON 764.1 million revenue in the fiscal year of 2020, after growing by 29% yearly

Mihai Cristea 09/06/2021 | 15:06

Endava Romania, the British software company present on the local market, with seven delivery centers, reported a revenue of 764.1 million RON in the financial year that ended on 31 December 2020, a 29% growth compared to the previous year. The company also reported a net profit of 73,7 million RON, 19% up from the last year.

 

This growth resulted from continuously developing all the delivery centers in Brașov, Bucharest, Cluj-Napoca, Iași, Pitești, Târgu Mures, Timișoara and was impacted by the increase in demand across the full range of its services generated by the need for digitalization services that speed up during the pandemic.

The teams employed in Romania reached 3.204 employees at the end of 2020, 12% more than at the end of 2019.

In terms of covered business verticals, the Romanian delivery teams collaborate with clients from the payments and financial services area, TMT (Technology, media and telecom), FMCG, logistics, and most of Endava’s global support services.

On the local market, the company continues to focus on developing programs with the technology communities and to support the strategic partnerships created in the last couple of years with all the technical universities located across Endava’s delivery centers.

Since the Covid-19 pandemic globally arose, the company’s priority was to ensure health and well-being for all the employees and their families, work with its clients to adapt to this new context, secure the employees’ jobs, and back up the revenues in these times of crisis.

So far, almost 100% of Endava’s employees are still working from home, due to the excellent data infrastructure provided to all the cities in which the company is being present, and all the activities regarding recruiting, onboarding, and training are now taking place exclusively online.

At the global level, the company continued its policy of acquisitions, acquiring Comtrade Digital Services (in August 2020), Pet Minuta (in March 2021) and Levvel LLC (in April 2021).

Also, Endava has announced in May 2021 growing operations in the Asia Pacific region and putting more people on the ground in Singapore to service current and prospective clients. The team comes with a proven track record of working with clients in Asia. This ranges from developing new crypto-currency trading platforms to building a digital assets exchange for a blockchain solution company.

“We learned a lot during the last financial year, and the entire business environment has evolved tremendously. New strategies, more adaptability, and a lot of innovation have already been deployed. Two major drivers of this continuous growth are our digital transformation and digital evolution offers – for which we have seen increasing demand across the full range of our services. We provide to our clients both the strategic consultancy, suggesting solutions for digitizing their business further, as well as best-in-class engineering skills to perform the modernization.”, declared Claudiu Constantinescu, Regional Manager Endava for the Central Europe.

Endava is listed on the New York Stock Market and had a market valuation of 5.13 billion dollars on the 7th of June 2021.

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