Virtusa (VRTU) Tops Q1 EPS by 6c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus

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Go back to Virtusa (VRTU) Tops Q1 EPS by 6c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus

Virtusa Announces First Quarter Fiscal 2021 Consolidated Financial Results

July 30, 2020 4:05 PM EDT

First quarter fiscal 2021 revenue of $301.1 million decreased 8.7% sequentially and 5.6% year-over-year. First quarter fiscal 2021 GAAP operating income of $7.2 million. Non-GAAP operating income of $14.0 million. First quarter fiscal 2021 GAAP diluted EPS of $(0.01). Non-GAAP diluted EPS of $0.20. First quarter fiscal 2021 cash flow from operations of $56.0 million and ending cash, cash equivalents, and short-term and long-term investments of $289.3 million.

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