virtusa corp (VRTU) Key Developments
Virtusa Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal Year 2015
Aug 5 14
Virtusa Corporation announced unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported Revenue was $112.27 million against $90.49 million a year ago. Income from operations was $11.23 million against $8.93 million a year ago. Income before income tax expense was $12.22 million against $10.06 million a year ago. Net income was $9 million against $7.52 million a year ago. Diluted earnings per share were $0.31 against $0.29 a year ago. Net cash used in operating activities was $2.5 million against $1.78 million a year ago. Purchase of property and equipment was $4.45 million against $1.7 million a year ago.
For the second quarter of fiscal year 2015, the revenue is expected to be in the range of $116.0 to $118.0 million, with diluted EPS of $0.33 to $0.35.
For the fiscal year 2015, revenue is expected to be in the range of $474.0 to $486.0 million, with diluted EPS of $1.46 to $1.58.
Virtusa Seeks Acquisitions
Aug 5 14
Virtusa Corp. (NasdaqGS:VRTU) will consider acquisitions. Ranjan Kalia, Chief Executive Officer of Virtusa said, "For a company our size and scale having that strong cash on the balance sheet really helps us to bid for those larger deals. So that's been a strategic asset for us and it really continues to be as well from that business perspective. Like we've done, we will continue to make very selective capability oriented acquisitions and using those acquisitions to continue to expand our addressable market."
Virtusa Corp. Presents at 2014 Needham Interconnect Conference, Aug-06-2014 02:00 PM
Jul 30 14
Virtusa Corp. Presents at 2014 Needham Interconnect Conference, Aug-06-2014 02:00 PM. Venue: The Westin Grand Central Hotel, New York, New York, United States. Speakers: Ranjan Kalia, Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Treasurer and Secretary.
Virtusa Corp., Annual General Meeting, Sep 09, 2014
Jul 24 14
Virtusa Corp., Annual General Meeting, Sep 09, 2014., at 08:00 US Eastern Standard Time. Location: 2000 West Park Drive. Agenda: To elect three class I directors, as nominated by board of directors, to board, each to serve for a three-year term until his respective successor has been duly elected and qualified, or until his earlier death, resignation or removal; to ratify the appointment of the accounting firm of KPMG LLP as the company's independent registered public accountants for the current fiscal year; to hold an advisory vote on the compensation of named executive officers; and to transact such other business as may properly come before the annual meeting and any adjournments or postponements thereof.
Virtusa Corp. to Report Q1, 2015 Results on Aug 05, 2014
Jul 14 14
Virtusa Corp. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Aug 05, 2014