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Virtusa Corp (VRTU.OQ)

VRTU.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Virtusa Q3 non-gaap EPS $0.37
Thursday, 9 Feb 2017 06:30am EST 

Virtusa Corp : Virtusa announces third quarter 2017 consolidated financial results . Says anticipates a restructuring charge in q4 fiscal 2017 of approximately $0.8 million related to certain cost savings initiatives . Q3 non-gaap earnings per share $0.37 . Q3 gaap earnings per share $0.15 . Q3 revenue $217.2 million versus i/b/e/s view $217.7 million . Sees q4 2017 non-gaap earnings per share $0.43 to $0.47 . Sees fy 2017 non-gaap earnings per share $1.24 to $1.28 . Sees q4 2017 gaap earnings per share $0.31 to $0.35 . Sees q4 2017 revenue $224 million to $229 million . Sees fy 2017 revenue $856.8 million to $861.8 million . Q3 earnings per share view $0.36 -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $1.29, revenue view $860.5 million -- Thomson Reuters I/B/E/S .Q4 earnings per share view $0.46, revenue view $227.0 million -- Thomson Reuters I/B/E/S.  Full Article

Virtusa Q1 earnings $0.18/shr excluding items
Tuesday, 9 Aug 2016 06:30am EDT 

Virtusa Corp : Q1 gaap loss per share $0.21 . Q1 earnings per share view $0.16 -- Thomson Reuters I/B/E/S . Sees q2 2017 non-gaap earnings per share $0.26 to $0.30 . Sees fy 2017 gaap earnings per share $0.61 to $0.75 . Sees fy 2017 revenue $850 million to $870 million . Virtusa announces first quarter 2017 consolidated financial results . Q1 non-gaap earnings per share $0.18 excluding items . Q1 revenue $205.5 million versus i/b/e/s view $203.8 million . Sees q2 2017 gaap earnings per share $0.01 to $0.05 . Sees q2 2017 revenue $206.5 million to $211.5 million . Integration of polaris consulting & services, ltd. Remains on track. .Revised fiscal 2017 guidance reflects isolated delays in decision making and new project starts across our insurance, telecom and banking clients.  Full Article

Virtusa says co purchased multiple foreign currency forward contracts - SEC filing
Thursday, 21 Jul 2016 12:41pm EDT 

Virtusa Corp : Says on July 18, co purchased multiple foreign currency forward contracts designed to hedge fluctuation in Indian rupee against U.K. pound sterling . U.K. pound sterling contracts have notional amount of about 310.5 million Indian rupees and have an average settlement rate of 92.70 Indian rupees .Says contracts will expire at various dates during the 15 month period ending on September 30, 2017.  Full Article

Virtusa sees FY 2017 revenue $890 mln-$920 mln
Monday, 16 May 2016 06:30am EDT 

Virtusa Corp Sees Fy 2017 Non : Q1 earnings per share view $0.48, revenue view $222.4 million -- Thomson Reuters I/B/E/S . Fy2017 revenue view $932.8 million -- Thomson Reuters I/B/E/S . Gaap diluted eps is expected to be in range of $2.10 to $2.30 . Q4 earnings per share view $0.44, revenue view $170.8 million -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $2.31 -- Thomson Reuters I/B/E/S . Virtusa announces fourth quarter and full fiscal year 2016 consolidated financial results . Q4 non-gaap earnings per share $0.55 excluding items . Q4 gaap earnings per share $0.41 . Q4 revenue $171.9 million versus i/b/e/s view $170.8 million . Q4 earnings per share view $0.44 -- Thomson Reuters I/B/E/S . Sees q1 2017 non-gaap earnings per share $0.14 to $0.18 . Sees q1 2017 revenue $202.5 million to $207.5 million .Sees fy 2017 revenue $890 million to $920 million.  Full Article

Virtusa Corp gives Q4, FY 2016 guidance
Monday, 8 Feb 2016 07:30am EST 

Virtusa Corp:Expects Q4 2016 revenue to be in the range of $172.0 to $175.0 million.Expects Q4 2016 GAAP diluted EPS to be in the range of $(0.01) to $0.01.Expects Q4 2016 non-GAAP diluted EPS to be in the range of $0.44 to $0.46.Expects FY 2016 revenue to be in the range of $600.4 to $603.4 million.Expects FY 2016 GAAP diluted EPS to be in the range of $1.07 to $1.09.Expects FY 2016 Non-GAAP diluted EPS to be in the range of $1.96 to $1.98.  Full Article

Virtusa Corp Announces definitive agreement to acquire a majority interest in Polaris Consulting & Services Ltd
Thursday, 5 Nov 2015 06:30am EST 

Virtusa Corp:Announces definitive agreement to acquire a majority interest in Polaris Consulting & Services, Ltd.Says deal valued at about $270 million.Says on a non-GAAP basis, transaction is estimated to be dilutive to fiscal fourth quarter 2016 EPS.Says Virtusa intends to finance the transaction through a combination of cash on its balance sheet and debt.Virtusa -co, through India unit, Virtusa consulting services entered into a definitive agreement to acquire all of the outstanding shares of polaris.Says co secured commitments for senior secured debt financing of $300 million from j.p. morgan chase bank, n.a. and Bank of America, n.a.Expects polaris to contribute revenue of approximately $70 million and to be approximately $0.55 dilutive to virtusa's GAAP EPS in Q4.Says Virtusa intends to enter into an interest rate swap agreement to minimize interest rate exposure.Says expects the polaris combination to be slightly dilutive to non-GAAP earnings per share for fiscal year 2017.Consideration includes both 51.7% majority interest,unconditional mandatory open offer to purchase up to 26% of outstanding shares of polaris.  Full Article

Virtusa Corp gives Q3 2016 guidance; narrows FY 2016 guidance
Wednesday, 4 Nov 2015 06:30am EST 

Virtusa Corp:Expects Q3 2016 revenue to be in the range of $150 to $153 million.Expects Q3 2016 GAAP diluted EPS to be in the range of $0.39 to $0.41 and non-GAAP diluted EPS is expected to be in the range of $0.54 to $0.56.Expects FY 2016 revenue to be in the range of $584.6 to $591.6 million.Expects FY 2016 GAAP diluted EPS to be in the range of $1.57 to $1.63 and non-GAAP diluted EPS is expected to be in the range of $2.15 to $2.21.  Full Article

Virtusa Corp gives Q2 2016 outlook; EPS outlook above analysts' estimates; raises FY 2016 revenue outlook; lowers FY 2015 EPS outlook
Tuesday, 28 Jul 2015 04:05pm EDT 

Virtusa Corp:Expects Q2 2016 revenue to be in the range of $140.3 to $143.3 million.Expects Q2 2016 GAAP diluted EPS to be in the range of $0.33 to $0.35.Expects Q2 2016 non-GAAP diluted EPS to be in the range of $0.47 to $0.49.Expects FY 2016 revenue to be in the range of $582 to $594 million.Expects FY 2016 GAAP diluted EPS to be in the range of $1.53 to $1.65.Expects FY 2016 non-GAAP diluted EPS to be in the range of $2.13 to $2.25.Q2 2016 revenue of $142.7 mln and EPS of $0.38 - Thomson Reuters I/B/E/S.FY 2016 revenue of $580 mln and EPS of $1.61 - Thomson Reuters I/B/E/S.  Full Article

Virtusa Corp acquires business of Agora Group, Inc
Tuesday, 28 Jul 2015 04:00pm EDT 

Virtusa Corp:Says that it has acquired the business of Agora Group, Inc., an IT consulting organization headquartered in Atlanta, Georgia, USA and its Indian affiliate.Under the terms of the asset purchase agreement, Agora Group, Inc. and the sole stockholder of the Agora Group, Inc., the Company acquired Agora’s business for about $7.5 million in cash.Says the Company has also agreed to issue an aggregate of up to $2.89 million in restricted stock awards from the Company’s stock option and incentive plan, not to exceed 77,067 shares, to certain Agora employees.  Full Article

Virtusa Corp gives Q1, FY 2016 guidance; EPS guidance above analysts' estimates
Monday, 11 May 2015 04:05pm EDT 

Virtusa Corp:Says Q1 2016 revenue is expected to be in the range of $132.5 to $135.5 million.Says Q1 2016 GAAP diluted EPS is expected to be in the range of $0.33 to $0.35 and non-GAAP diluted EPS is expected to be in the range of $0.48 to $0.50.Says FY 2016 revenue is expected to be in the range of $569 to $587 million.Says FY 2016 GAAP diluted EPS is expected to be in the range of $1.51 to $1.67 and non-GAAP diluted EPS is expected to be in the range of $2.15 to $2.31.Q1 2016 revenue of $133.4 mln and EPS of $0.36 - Thomson Reuters I/B/E/S.FY 2016 revenue of $575 mln and EPS of $1.73 - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Virtusa appoints new member to board of directors

* Virtusa appoints new member to board of directors Source text for Eikon: (http://bit.ly/2l8OuAO) Further company coverage: