Luxoft Holding (LXFT) Tops Q4 EPS by 1c, Beat on Revenues; Offers FY18 Guidance

Luxoft Holding (NYSE: LXFT) reported Q4 EPS of $0.63, $0.01 better than the analyst estimate of $0.62. Revenue for the quarter came in at $204.1 million versus the consensus estimate of $201.84 million.

GUIDANCE:

Luxoft Holding sees FY2018 EPS of $3.26-$3.48. Luxoft Holding sees FY2018 revenue of $943 million, versus the consensus of $967.97 million.

Outlook for the Financial Year Ending March 31, 2018

• Revenue is expected to be at least $943 million, an increase of at least 20.0% year over year
• Adjusted EBITDA margin is expected to be in the range of 17.0% - 19.0%
• Diluted EPS is expected to be at least $1.90 on a US GAAP basis and at least $3.26 on a non-GAAP basis
• EPS is based on an estimated weighted average of 35,035 thousand diluted shares

Highlights – Three Months Ended March 31, 2017

• US GAAP revenue amounted to $204.1 million, an increase of 20.6% year over year and an increase of 22.0% year over year on a constant currency basis
• Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) were $29.2 million and Adjusted EBITDA margin was 14.3%, compared to $26.5 million and 15.7% in the year-ago quarter
• Diluted earnings per share (EPS) on a US GAAP basis was $0.40
• Diluted EPS on a non-GAAP basis was $0.63

For earnings history and earnings-related data on Luxoft Holding (LXFT) click here.

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