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Virtusa Corp (VRTU.OQ)

VRTU.OQ on NASDAQ Stock Exchange Global Select Market

39.83USD
18 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Virtusa Reports Q2 Non-GAAP Earnings Per Share Of $0.54
Thursday, 8 Nov 2018 04:05pm EST 

Nov 8 (Reuters) - Virtusa Corp ::VIRTUSA ANNOUNCES SECOND QUARTER FISCAL 2019 CONSOLIDATED FINANCIAL RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.54.Q2 GAAP EARNINGS PER SHARE $0.01.Q2 REVENUE $305.5 MILLION VERSUS I/B/E/S VIEW $306.3 MILLION.SEES Q3 2019 NON-GAAP EARNINGS PER SHARE $0.56 TO $0.62.SEES Q3 2019 GAAP EARNINGS PER SHARE $0.12 TO $0.16.SEES FY 2019 REVENUE $1.241 BILLION TO $1.259 BILLION.SEES Q3 2019 REVENUE $308 MILLION TO $316 MILLION.Q2 EARNINGS PER SHARE VIEW $0.54 -- THOMSON REUTERS I/B/E/S.SEES FY 2019 GAAP DILUTED EPS IN RANGE OF $0.09 TO $0.17.SEES FY 2019 NON GAAP DILUTED EPS IN RANGE OF $2.19 TO $2.31.FY2019 EARNINGS PER SHARE VIEW $2.27, REVENUE VIEW $1.25 BILLION -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE VIEW $0.59, REVENUE VIEW $317.1 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Virtusa Partners With The IBRI To Drive Innovation And Accelerate Therapy Research
Wednesday, 7 Nov 2018 11:05am EST 

Nov 7 (Reuters) - Virtusa Corp ::VIRTUSA PARTNERS WITH THE IBRI TO DRIVE INNOVATION AND ACCELERATE THERAPY RESEARCH.VIRTUSA CORP SAYS ITS COLLABORATION WITH INDIANA BIOSCIENCES RESEARCH INSTITUTE (IBRI) TO ACCELERATE LIFE SCIENCES RESEARCH AND DEVELOPMENT.  Full Article

Virtusa Expands Digital Engineering Capabilities With The Acquisition Of Etouch
Monday, 12 Mar 2018 04:33pm EDT 

March 12 (Reuters) - Virtusa Corp ::VIRTUSA EXPANDS DIGITAL ENGINEERING CAPABILITIES WITH THE ACQUISITION OF ETOUCH.VIRTUSA CORP - DEAL FOR APPROXIMATELY $140.0 MILLION​.VIRTUSA CORP - FOR Q4, MANAGEMENT CURRENTLY EXPECTS ETOUCH TO CONTRIBUTE REVENUE OF APPROXIMATELY $5.0 MILLION.VIRTUSA CORP - PURCHASE PRICE WILL BE PAID IN THREE TRANCHES WITH $80.0 MILLION PAID AT CLOSING.VIRTUSA CORP - ‍EXPECTS ETOUCH ACQUISITION TO BE DILUTIVE TO GAAP EARNINGS PER SHARE FOR FISCAL YEAR ENDING MARCH 31, 2019​.VIRTUSA CORP - EXPECTS DEAL TO BE ‍ACCRETIVE TO NON- GAAP EARNINGS PER SHARE FOR FISCAL YEAR ENDING MARCH 31, 2019 ​.VIRTUSA - TO USE $70 MILLION OF DELAYED DRAW TERM-LOAN FROM EXISTING CREDIT FACILITY,$10 MILLION OF CASH ON HAND TO MAKE PAYMENTS DUE AT DEAL CLOSING.  Full Article

Virtusa Purchases Multiple Foreign Currency Forward Contracts
Wednesday, 28 Feb 2018 03:56pm EST 

Feb 28 (Reuters) - Virtusa Corp ::VIRTUSA -ON FEB 23, CO PURCHASED MULTIPLE FOREIGN CURRENCY FORWARD CONTRACTS DESIGNED TO HEDGE FLUCTUATION IN INDIAN RUPEE AGAINST U.K. POUND STERLING​.VIRTUSA SAYS U.K. POUND STERLING CONTRACTS PURCHASED HAVE TOTAL NOTIONAL AMOUNT OF ABOUT £6.3 MILLION & HAVE AVERAGE SETTLEMENT RATE OF 94.87 INR - SEC FILING.VIRTUSA CORP - ‍ON FEB 26, CO PURCHASED MULTIPLE FOREIGN CURRENCY FORWARD CONTRACTS DESIGNED TO HEDGE FLUCTUATION IN INDIAN RUPEE AGAINST U.S. DOLLAR​.VIRTUSA SAYS U.S DOLLAR CONTRACTS PURHCASED HAVE TOTAL NOTIONAL AMOUNT OF ABOUT $25.0 MILLION & HAVE AVERAGE SETTLEMENT RATE OF 66.91 INR.  Full Article

Virtusa Posts Q4 Adj. Earnings Per Share $0.47
Thursday, 8 Feb 2018 06:00am EST 

Feb 8 (Reuters) - Virtusa Corp ::VIRTUSA ANNOUNCES THIRD QUARTER 2018 CONSOLIDATED FINANCIAL RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.47.Q3 GAAP LOSS PER SHARE $0.38.Q3 REVENUE ROSE 21.5 PERCENT TO $263.8 MILLION.SEES FY 2018 REVENUE $1.013 BILLION TO $1.019 BILLION.SEES Q4 2018 REVENUE $274 MILLION TO $280 MILLION.SEES FISCAL YEAR 2018 GAAP DILUTED EPS TO BE IN RANGE OF $0.06 TO $0.12.TAX ACT RESULTED IN A TAX EXPENSE OF $19.8 MILLION FOR Q3 OF FISCAL 2018.SEES Q4 2018 GAAP DILUTED EPS TO BE IN RANGE OF $0.21 TO $0.27.ANTICIPATES INCURRING A RESTRUCTURING CHARGE OF $0.3 MILLION IN Q4 OF FISCAL YEAR 2018.SEES Q4 FISCAL 2018 NON-GAAP DILUTED EPS TO BE IN RANGE OF $0.51 TO $0.57.SEES FISCAL YEAR 2018 NON-GAAP DILUTED EPS TO BE IN RANGE OF $1.59 TO $1.65.RESTRUCTURING CHARGE OF $0.3 MILLION IN Q4 IS REFLECTED IN GAAP EPS GUIDANCE, AND NOT INCLUDED IN NON-GAAP EPS GUIDANCE.Q3 EARNINGS PER SHARE VIEW $0.45, REVENUE VIEW $259.7 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.58, REVENUE VIEW $1.00 BILLION -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE VIEW $0.52, REVENUE VIEW $268.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Virtusa says Q2 GAAP earnings per share $0.12
Wednesday, 8 Nov 2017 06:30am EST 

Nov 8 (Reuters) - Virtusa Corp -:Virtusa announces second quarter 2018 consolidated financial results.Q2 non-GAAP earnings per share $0.35.Q2 GAAP earnings per share $0.12.Q2 revenue $248.2 million versus I/B/E/S view $237.2 million.Q2 earnings per share view $0.36 -- Thomson Reuters I/B/E/S.Sees Q3 2018 non-GAAP earnings per share $0.41 to $0.47.Sees FY 2018 non-GAAP earnings per share $1.50 to $1.62.Sees Q3 2018 GAAP earnings per share $0.21 to $0.27.Sees FY 2018 revenue $998 million to $1.011 billion.Sees Q3 2018 revenue $256 million to $262 million.Virtusa Corp - ‍anticipates a total restructuring charge of $0.7 million in second half of fiscal year 2018 related to resource optimization initiatives​.Virtusa Corp - ‍FY 2018 GAAP diluted EPS is expected to be in range of $0.73 to $0.85​.  Full Article

Virtusa Corp Q1 non-gaap earnings per share $0.25
Tuesday, 8 Aug 2017 06:30am EDT 

Aug 8 (Reuters) - Virtusa Corp ::Virtusa announces first quarter 2018 consolidated financial results.Q1 non-gaap earnings per share $0.25.Q1 gaap earnings per share $0.10.Q1 revenue $227.3 million versus i/b/e/s view $224.6 million.Q1 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Sees fy 2018 non-gaap earnings per share $1.45 to $1.63.Sees q2 2018 non-gaap earnings per share $0.32 to $0.38.Sees q2 2018 gaap earnings per share $0.14 to $0.20.Sees fy 2018 revenue $940 million to $960 million.Sees q2 2018 revenue $236.5 million to $241.5 million.Virtusa corp -anticipates restructuring charge of $1.5 million in second and third fiscal quarters of 2018 related to resource optimization initiatives.Fy gaap diluted eps is expected to be in range of $0.78 to $0.96.Fy2018 earnings per share view $1.54, revenue view $935.4 million -- Thomson Reuters I/B/E/S.  Full Article

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