Virtusa Corporation (VRTU) Reports In-Line Q2 EPS

Virtusa Corporation (NASDAQ: VRTU) reported Q2 EPS of $0.34, in-line with the analyst estimate of $0.34. Revenue for the quarter came in at $117.7 million versus the consensus estimate of $117 million.

Virtusa Corporation sees Q4 2014 EPS of $0.39-$0.41, versus the consensus of $0.42. Virtusa Corporation sees Q4 2014 revenue of $121.8-123.8 million, versus the consensus of $122.8 million.

Virtusa Corporation sees FY2014 EPS of $1.47-$1.53, versus the consensus of $1.52. Virtusa Corporation sees FY2014 revenue of $477-483 million, versus the consensus of $480.22 million.

Kris Canekeratne, Virtusa's Chairman and CEO, stated, "This was another strong quarter for Virtusa. We are realizing the benefits of the investments we have been making in business development, our service offerings and delivery excellence. Our Millennial and transformational solutions are driving our growth and increasingly being embraced by our clients as they look to Virtusa as a partner that can meet the needs of their larger and lengthier programs.”

Ranjan Kalia, Chief Financial Officer, said, “During our second quarter, broad-based demand across our verticals, geographies and client portfolio enabled us to record revenue at the high end of our guidance. We are also pleased with our ability to achieve double digit sequential and year-over-year EPS growth.”

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

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