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Why is Endava plc (DAVA) driving higher in the aftermarket?

Endava plc (DAVA) experienced an increase of 5.36% in the aftermarket. However, the last trading session closed at $158.46 with a decline of 0.35%.

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We Care Sustainability Report

On 28th September 2021, DAVA has released the We Care sustainability report, which shows the company’s beneficial effect on its employees, customers, and communities. This report provides Endava’s stakeholders with a thorough overview of the company’s successes and goals in the areas of environmental, social, and governance issues, covering both new and current programs.

Moreover, the Sustainable Accounting Standards Board (SASB) and the United Nations’ Sustainable Development Goals are connected with Endava’s We Care strategy (SDGs). Endava’s core initiatives are articulated through the pillars of Operating Responsibly, Innovation, and Data Integrity, as well as its focus on People, Social Impact, and Environmental Impact, all of which are backed by the company’s values and mission.

Reopening of Travel & Hospitality

DAVA reported on 30th August 2021 that they have assisted in the development of an app that will allow the Slovenian Border Police and hospitality firms to check the authenticity of the EU Digital COVID Certificate when they arrive in Slovenia or visit a restaurant or hotel there. Moreover, the Government and National Health Institute of Slovenia chose Endava as a significant partner in the project after a formal bidding procedure.

National authorities around the EU are offering a Digital COVID Certificate to their communities in light of current pandemic developments. However, the certificate creates a QR code that may be printed or exhibited on a mobile phone to confirm that a person has been vaccinated, has a COVID-19 test result that is negative, or has recently recovered from COVID-19. Lastly, the Endava app validates the certificate to ensure that persons traveling to Slovenia and visiting hospitality establishments do not spread or become infected with the virus.

Business Services Company of the Year

On 27th May 2021, DAVA announced that it received three awards at the Romanian Business Services Forum & Awards Gala in 2021. The awards were for Business Services Company of the Year, Employer of the Year, and eventually for its recently introduced Wellbeing group-wide program. Endava continues to be the employer of choice in core markets, as evidenced by these recognitions. Like many other businesses, it had to change its operating model and adapt to new working patterns and environments during the hard year of 2020, which was marked by the pandemic.

All of the staff moved to entirely work from home in March 2020 in a matter of days. However, they extensively examined the impact of this move on production and discovered that it remained consistent, with a 5% increase on average while working from home. While some clients in the most impacted industries were forced to halt their projects at first, Endava quickly found itself inundated with requests for digital initiatives to assist them in navigating the new obstacles.

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