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Virtusa Corp (VRTU.OQ)

VRTU.OQ on NASDAQ Stock Exchange Global Select Market

33.35USD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Virtusa purchased foreign currency forward contracts designed to hedge fluctuation in INR against U.S. Dollar, U.K. Pound sterling
Tuesday, 13 Jun 2017 05:11pm EDT 

June 13 (Reuters) - Virtusa Corp : :Virtusa-On June 7, co purchased foreign currency forward contracts designed to hedge fluctuation in Indian rupee against U.S. Dollar, U.K. Pound sterling.Virtusa says U.S dollar contracts have an aggregate notional amount of about 932.7 million inr (about $14 million), have average settlement rate of 66.66 inr.Virtusa corp says U.K. Pound sterling contracts have an aggregate notional amount of about 354.1 million inr, have an average settlement rate of 87.31 INR.Virtusa says multiple foreign currency forward contracts to expire at various dates during 15 month period ending on September 28, 2018 .Virtusa Corp - on June 9, co's unit purchased multiple foreign currency forward contracts designed to hedge fluctuation in INR against U.S. dollar.Virtusa- unit's U.S dollar contracts have an aggregate notional amount of about 1.17 billion INR and have an average settlement rate of 67.03 INR.  Full Article

Virtusa files for potential stock shelf, size undisclosed - SEC filing‍​ ‍​
Thursday, 1 Jun 2017 05:09pm EDT 

June 1 (Reuters) - Virtusa Corp ::Virtusa files for potential stock shelf, size undisclosed - SEC filing‍​ ‍​.  Full Article

Virtusa reports Q4 GAAP earnings per share $0.34
Tuesday, 16 May 2017 06:30am EDT 

May 16 (Reuters) - Virtusa Corp :Virtusa announces fourth quarter and full year 2017 consolidated financial results.Q4 non-GAAP earnings per share $0.43.Q4 GAAP earnings per share $0.34.Q4 revenue $226 million versus I/B/E/S view $226.8 million.Q4 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.Sees FY 2018 non-GAAP earnings per share $1.42 to $1.66.Sees Q1 2018 non-GAAP earnings per share $0.24 to $0.30.Sees Q1 2018 GAAP earnings per share $0.07 to $0.13.Sees FY 2018 revenue $920 million to $950 million.Sees Q1 2018 revenue $222.5 million to $227.5 million.Virtusa Corp - fiscal year 2018 GAAP diluted EPS is expected to be in range of $0.81 to $1.07.Q1 earnings per share view $0.36, revenue view $224.3 million -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $1.27, revenue view $859.5 million -- Thomson Reuters I/B/E/S.  Full Article

Orogen Viper reports 8.6 pct stake in Virtusa
Friday, 12 May 2017 04:35pm EDT 

May 12 (Reuters) - Virtusa Corp ::Orogen Viper LLC reports 8.6 percent stake in Virtusa Corp as on May 3, 2017 - SEC filing.  Full Article

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

BRIEF-Virtusa board approves decrease in number of directors

* Virtusa- board approved decrease in number of directors to 9 as of June 30, then to 8 effective as of 2017 annual meeting of stockholders - SEC filing Source text: (http://bit.ly/2tNBBUQ) Further company coverage: