Virtusa (VRTU) Tops Q4 EPS by 11c

Virtusa (NASDAQ: VRTU) reported Q4 EPS of $0.51, $0.11 better than the analyst estimate of $0.40. Revenue for the quarter came in at $126 million versus the consensus estimate of $126 million.

Kris Canekeratne, Virtusa’s Chairman and CEO, stated, “The fourth quarter capped off a strong fiscal year 2015 for Virtusa. Our results reflect our leadership position in providing millennial enablement and transformational solutions, which are allowing us to win larger engagements and expand with existing clients. We enter fiscal year 2016 with the strongest client base in our history, and with meaningful opportunity to continue to grow and scale across our client base. Our recent acquisition of Apparatus further supports our growth objectives by expanding our IT outsourcing solutions, increasing our addressable market and contributing to recurring revenue.”

For earnings history and earnings-related data on Virtusa (VRTU) click here.

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