Virtusa (VRTU) Tops Q3 EPS by 12c; Issues Q4 Outlook

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Go back to Virtusa (VRTU) Tops Q3 EPS by 12c; Issues Q4 Outlook

Virtusa Announces Third Quarter Fiscal 2016 Consolidated Financial Results

February 8, 2016 7:30 AM EST

Third quarter fiscal 2016 revenue of $150.6 million increased 5% sequentially and 22% year-over-year. Third quarter fiscal 2016 diluted EPS on a GAAP basis was $0.38, compared to $0.40 in the year ago period. Third quarter fiscal 2016 revenue and GAAP EPS were impacted by approximately $(0.8) million and $(0.02), respectively, as a result of recent floods affecting Virtusas Chennai, India facility. Incurred $1.2 million of Polaris transaction-related expenses including an incremental $0.6 million, or $(0.01) per share, not previously contemplated in guidance. Generated $22.4 million of cash from operating activities... More