Virtusa (VRTU) Misses Q4 EPS by 21c

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Virtusa Announces Fourth Quarter and Fiscal Year 2020 Consolidated Financial Results

May 13, 2020 4:10 PM EDT

Fourth quarter fiscal 2020 revenue of $329.7 million decreased 1.6% sequentially and increased 0.6% year-over-year. Fourth quarter fiscal 2020 GAAP diluted EPS of $0.66, Non-GAAP diluted EPS of $0.41. Fiscal year 2020 revenue of $1,312.3 million increased 5.2% year-over-year. Fiscal year 2020 GAAP diluted EPS of $1.42, Non-GAAP diluted EPS of $2.14. Cash flow from operations of $79.9 million in fiscal year 2020. Total cash, cash equivalents and investments of $300.6 million as of March 31, 2020.

SOUTHBOROUGH, Mass.--(BUSINESS... More