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via globenewswire.comBusiness & Companies

Endava replaces CEO and CFO, admits unreliable statements, restatements pending

FROM THE WIRE · GLOBENEWSWIRE.COM

SAN FRANCISCO, Nov. 12, 2026 (GLOBE NEWSWIRE) -- On October 28, 2026 Endava plc (NYSE: DAVA) admitted in a filing with the SEC that accounting for agreements with certain customers were not correctly accounted for, that its CFO Mark Thurston left his positions three days before…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishLeadership changes and pending restatements expose the company to trust and audit risks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Endava admitted to the SEC that agreements with certain customers were not correctly accounted for.
  2. 02CFO Mark Thurston left three days before and CEO John Cotterell was replaced by an interim CEO.
  3. 03General Counsel Rohit Bhoothalingam also resigned a couple of days earlier.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Endava plcDAVAStock1.52 USDMarket closedtoday -3.18%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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