Virtusa (VRTU) Misses Q4 EPS by 2c, Offers Q1 & FY Guidance
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Virtusa Announces Fourth Quarter and Full Year 2017 Consolidated Financial Results
May 16, 2017 6:30 AM EDTFourth quarter fiscal 2017 revenue of $226.0 million increased 4.0% sequentially and 31.5% year-over-year. Fourth quarter fiscal 2017 diluted EPS was $0.34 on a GAAP basis, and $0.43 on a non-GAAP basis. Fiscal year 2017 revenue of $858.7 million increased 43.0% year-over-year. Fiscal year 2017 diluted EPS was $0.39 on a GAAP basis, and $1.25 on a non-GAAP basis. Used proceeds from the strategic Orogen investment, which closed on May 3, 2017, to pay down $81 million of debt and to establish a $30 million stock buyback program.
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