Wed, 18 May 2022 Today's Paper

Virtusa 4Q revenue up 13% yoy to US$126 mn

14 May 2015 06:45 am - 0     - {{hitsCtrl.values.hits}}

A A A

Business consulting and IT outsourcing company, Virtusa Corporation reported consolidated financial results for the fourth quarter and full fiscal year 2015, ended March 31, 2015 recently.

Revenue for the fourth quarter of fiscal 2015 was US$126 million, an increase of 2.5 percent  sequentially and 13 percent year-over-year.

On a constant currency basis,(1) fourth quarter revenue increased 4 percent sequentially and 17 percent year-over-year.

Virtusa reported GAAP income from operations of US$14.5 million for the fourth quarter of fiscal 2015, compared to US$14.6 million for the third quarter of fiscal 2015, and an increase compared to US$12.5 million for the fourth quarter of fiscal 2014.

On a GAAP basis, net income for the fourth quarter of fiscal 2015 was US$11.6 million, or $0.39 per diluted share, compared to US$11.8 million, or US$0.40 per diluted share, for the third quarter of fiscal 2015, and an increase from US$10.0 million, or US$0.35 per diluted share, for the fourth quarter of fiscal 2014. GAAP earnings per diluted share for the fourth quarter of 2015 included a (US$0.01) cumulative impact from acquisition related transaction expenses and foreign currency transaction losses.

For the fiscal year ended March 31, 2015, revenue was US$479 million, an increase of 21 percent compared to US$396.9 million for the fiscal year ended March 31, 2014. This represents revenue growth of 21 percent in constant currency.

Virtusa reported GAAP income from operations of US$52.6 million for fiscal year 2015, an increase of 24 percent compared to $42.4 million for fiscal year 2014.

On a GAAP basis, net income for fiscal year 2015 was US$42.4 million, an increase of 23 percent compared to US$34.4 million for fiscal year 2014. Earnings per diluted share for fiscal year 2015 was US$1.44, an increase compared to US$1.27 per diluted share, for fiscal year 2014.
Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


The Three Universal Truths in Buddhism

Buddhism is a moral and philosophical system, which expounds a unique path of

After night of terror, activists accuse government of smokescreening

On May 9, 2022, several hours before former Prime Minister Mahinda Rajapaksa

RECOVERY OF STOLEN ASSETS – Part I

The “#gotagohome” campaign that started a few weeks back demanding the Pr

‘GotaGoGama’ rises through ashes after Monday’s nightmare

A half burned down tent standing on plastic pillars, heaps of rubble from the