Virtusa Announces Definitive Agreement to Acquire a Majority Interest in Polaris Consulting & Services, Ltd.

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Go back to Virtusa Announces Definitive Agreement to Acquire a Majority Interest in Polaris Consulting & Services, Ltd.

Needham & Company Raises Price Target on Virtusa (VRTU) Following Solid 2Q Earnings

November 5, 2015 7:06 AM EST

Needham & Company reiterated a Buy rating on Virtusa (NASDAQ: VRTU), and raised the price target to $65.00 (from $55.00), following the company's 2Q earnings report. Revenue rose 6% Q/Q and 21% Y/Y to $143MM, above consensus ($141.9MM). VRTU posted $0.50 in non-GAAP EPS, $0.02 above the... More