Virtusa (VRTU) Reports In-Line Q4 EPS, Offers Q1 and FY Guidance

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Go back to Virtusa (VRTU) Reports In-Line Q4 EPS, Offers Q1 and FY Guidance

Virtusa Announces Fourth Quarter and Fiscal Year 2018 Consolidated Financial Results

May 15, 2018 6:30 AM EDT

Fourth quarter fiscal 2018 revenue of $281.3 million, increased 6.6% sequentially and 24.5% year-over-year, inclusive of $5.7 million from the eTouch acquisition. Fourth quarter fiscal 2018 diluted EPS was $0.06 on a GAAP basis, and $0.55 on a non-GAAP basis, up 17% sequentially. Fiscal year 2018 revenue of $1,020.7 million increased 18.9% year-over-year. Fiscal year 2018 diluted EPS was $(0.09) on a GAAP basis, inclusive of an impact from U.S. tax reform of ($0.77). Non-GAAP diluted EPS was $1.63, up 30.4% year-over-year. Integration of eTouch acquisition on track, strengthening Virtusas leadership in digital... More