Key Developments: Virtusa Corp (VRTU.OQ)
26.44USD
1 Aug 2013
$0.66 (+2.56%)
$25.78
$25.99
$26.50
$25.99
31,045
33,845
$27.08
$14.15
Latest Key Developments (Source: Significant Developments)
Virtusa Corp Issues Q2 2014 Guidance In Line With Analysts' Estimates; Raises Low End Of Prior FY 2014 Revenue Guidance; Narrows FY 2014 EPS Guidance To A Range In Line With Analysts' Estimates
Virtusa Corp announced that for the second quarter of 2014, it expects revenue to be in the range of $93.3 to $95.3 million, with diluted EPS of $0.28 to $0.32. Fiscal 2014 revenue is expected to be in the range of $378.0 to $392.0 million, with diluted EPS of $1.24 to $1.36. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $94.6 million and EPS of $0.32 for the second quarter of 2014; and revenue of $385.1 million and EPS of $1.32 for fiscal 2014 Full Article
Virtusa Corp Issues Q1 2014 Guidance; EPS Guidance Below Analysts' Estimates; Issues FY 2014 Guidance In Line With Analysts' Estimates
Virtusa Corp announced that for the first quarter of 2014, it expects revenue to be in the range of $89.5 to $91.5 million, with diluted EPS of $0.26 to $0.30. For fiscal 2014, it expects revenue to be in the range of $376.0 to $392.0 million, with diluted EPS of $1.22 to $1.38. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $90.8 million and EPS of $0.31 for first quarter of 2014; revenue of $384.9 million and EPS of $1.34 for fiscal 2014. Full Article
Virtusa Corp Issues Q4 2013 Guidance; Raises Low End Of Prior FY 2013 Revenue Guidance To A Range Above Analysts' Estimates; Narrows FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates
Virtusa Corp announced that for fourth quarter of 2013, it expects revenue to be in the range of $88.8 to $90.8 million, with diluted EPS of $0.30 to $0.32. For fiscal 2013, it expects revenue to be in the range of $332.0 to $334.0 million, with diluted EPS of $1.05 to $1.07. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $88.9 million and EPS of $0.32 for fourth quarter of 2013; revenue of $331 million and EPS of $1.07 for fiscal 2013. Full Article
Virtusa Corp Issues Q3 2013 Guidance; Raises FY 2013 Revenue Guidance; Narrows FY 2013 EPS Guidance
Virtusa Corp announced that for the third quarter of 2013, it expects revenue to be in the range of $84.5 to $86.5 million, with diluted EPS of $0.26 to $0.30. For fiscal 2013, it expects revenue to be in the range of $328.0 to $334.0 million, with diluted EPS of $1.03 to $1.11. Full Article
Virtusa Corp Issues Q2 2013 Guidance In Line With Analysts' Estimates; Raises FY 2013 Guidance
Virtusa Corp announced that for second quarter of 2013, it expects revenue to be in the range of $78.5-$80.5 million, with diluted earning per share (EPS) of $0.21-$0.25. For fiscal 2013, it expects revenue to be in the range of $320.0-$330.0 million, with diluted EPS of $1.01-$1.13. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $78.5 million and EPS of $0.23 for second quarter of 2013; revenue of $321.4 million and EPS of $1.03 for fiscal 2013. Full Article
Virtusa Corp Issues Q1, FY 2013 Guidance In Line With Analysts' Estimates; Announces Share Repurchase Plan
Virtusa Corp announced that for first quarter of 2013, it expects revenue to be in the range of $75.0 to $77.0 million with diluted earnings per share (EPS) of $0.20 to $0.24. For fiscal 2013, it expects revenue to be in the range of $314.0 to $330.0 million with diluted EPS of $0.95 to $1.11. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $77 million and EPS of $0.23 for first quarter of 2013; revenue of $327 million and EPS of $1.06 for fiscal 2013. The Company also announced that its Board of Directors authorized a share repurchase program of up to $15 million of the Company’s common stock over the next twelve months. Share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act of 1934. While the board of directors has approved the share purchasing guidelines, the timing of repurchases and the exact number of shares of common stock to be purchased will be determined by the Company’s management, at its discretion, and will depend upon market conditions and other factors. The program will be funded using the Company’s cash on hand and cash generated from operations. The program may be extended, suspended or discontinued at any time. Full Article
Virtusa Corp Issues Q4 2012 Guidance; Revenue Guidance Below Analysts' Estimates; Narrows FY 2012 Guidance To A Range In Line With Analysts' Estimates
Virtusa Corp announced that for the fourth quarter of 2012, it expects revenue to be in the range of $73.5 million to $75.5 million, with diluted EPS of $0.21 to $0.25. For fiscal 2012, the Company expects revenue to be in the range of $277.0 million to $279.0 million, with diluted EPS of $0.77 to $0.81. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $75.8 million and EPS of $0.24 for the fourth quarter of 2012; and revenue of $279.0 million and EPS of $0.79 for fiscal 2012 Full Article
Virtusa Corp Issues Q3 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance
Virtusa Corp announced that for third quarter of 2012, it expects revenue to be in the range of $70.9-$73.9 million, with diluted EPS of $0.19-$0.23. For fiscal 2012, it expects revenue to be in the range of $276.0-$284.0 million, with diluted EPS of $0.74-$0.86. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $74.8 million and EPS of $0.28 for third quarter of 2012; revenue of $285 million and EPS of $0.86 for fiscal 2012. Full Article

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