Virtusa (VRTU) Tops Q4 EPS by 11c

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Go back to Virtusa (VRTU) Tops Q4 EPS by 11c

Needham & Company Raise PT on Virtusa (VRTU) With FY16 Guidance Upbeat

May 12, 2015 7:55 AM EDT

Needham & Company reiterate their Buy rating on Virtusa (NASDAQ: VRTU), and raised the price target to $52.00 (from $44.00), following solid 4Q results. VRTU reported revenue of $126MM, in-line with $125.9MM consensus. Non-GAAP EPS was posted at $0.51.

Needham & Company analyst, Mayank Tandon, commented on the Q4 results, saying, "VRTU delivered solid 4Q results, with healthy revenue growth on a constant currency basis and EPS near consensus. The initial outlook for FY16 calls for solid organic growth, sustained margin expansion, and strong... More