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Last $40.65 USD
Change Today +0.31 / 0.77%
Volume 94.8K
VRTU On Other Exchanges
Symbol
Exchange
Berlin
As of 4:00 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

virtusa corp (VRTU) Snapshot

Open
$40.38
Previous Close
$40.34
Day High
$40.70
Day Low
$40.08
52 Week High
12/31/14 - $42.50
52 Week Low
07/31/14 - $31.09
Market Cap
1.2B
Average Volume 10 Days
144.9K
EPS TTM
$1.43
Shares Outstanding
29.6M
EX-Date
--
P/E TM
28.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for VIRTUSA CORP (VRTU)

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virtusa corp (VRTU) Details

Virtusa Corporation operates as an information technology services company in the United States. It offers application support and maintenance, development, systems integration, and managed services. The company’s business and IT consulting services comprise application inventory and portfolio assessment, business/technology alignment analysis, business process optimization, IT strategic planning, and quality assurance process consulting; enterprise architecture analysis, technology roadmaps, product evaluation and selection, and business process analysis and design services; and program governance and change management, program management planning, and IT process/methodology consulting. Its technology implementation services consist of application development, package implementation and integration, software product engineering, application maintenance and support, business process management, customer experience and content management, and emerging technology services; systems consolidation and rationalization, technology migration and porting, and Web-enablement of legacy applications; software quality assurance and managed testing services; and data management services, as well as business intelligence, reporting, and decision support services. The company’s application outsourcing services include the production support, maintenance and enhancement of custom-built and package-based applications, and ongoing software engineering services; systems and database administration, and monitoring; outsourcing of quality assurance planning; and preparation and execution of test cases, scripts, and data. It provides its services to communications and technology; banking, financial services, and insurance; and media and information industries. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation in April 2002. Virtusa Corporation was incorporated in 1996 and is headquartered in Westborough, Massachusetts.

9,023 Employees
Last Reported Date: 02/5/15
Founded in 1996

virtusa corp (VRTU) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $425.0K
President
Total Annual Compensation: $346.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $330.0K
Chief Operating officer and Executive Vice Pr...
Total Annual Compensation: $249.1K
Chief Strategy officer and Executive Vice Pre...
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2014.

virtusa corp (VRTU) Key Developments

Virtusa Launches Client Life Cycle Management Solution in Sweden

Virtusa Corporation has launched its client life cycle management solution for financial institutions in the Swedish market. The end-to-end solution extends from new client requests to account setup and creation; key regulatory requirements of US and Europe are also covered in the solution. The benefits for institutions include lower costs, faster on-boarding, increased customer satisfaction and better client penetration.

Virtusa Reports Unaudited and Consolidated Earnings Results for the Third Quarter Ended December 31, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending March 31, 2015

Virtusa reported unaudited and consolidated earnings results for the third quarter ended December 31, 2014. The company reported net income of $11.8 million, or $0.40 per diluted share, compared with the prior-year period's $9.3 million, or $0.35 per diluted share. Revenue was $123 million, up 22% from the same quarter last year. Income from operations was $14.619 million against $11.196 million a year ago. Income before income tax expense was $15.979 million against $12.351 million a year ago. Revenue was negatively impacted by approximately $330,000 compared to prior guidance due to the strengthening of the U.S. dollar versus European currencies. Capital expenditures were $2.8 million in the December quarter. For the year, the company reported revenue of $352.969 million against $285.833 million a year ago. Income from operations was $38.088 million against $29.901 million a year ago. Income before income tax expense was $41.703 million against $32.297 million a year ago. Net income was $30.897 million or $1.05 diluted per share against $24.328 million or $0.92 diluted per share a year ago. Net cash provided by operating activities was $31.771 million against $39.527 million a year ago. Purchase of property and equipment was $9.146 million against $5.825 million a year ago. On a year-over-year basis, revenue increased 22% in both reported and constant currency. The company provided earnings guidance for the fourth quarter and full year ending March 31, 2015. The company expects fiscal 2015 diluted EPS of $1.44 - $1.46 on revenue of $478 million - $480 million. For the fourth quarter, the company sees revenue of $125 million - $127 million, with diluted EPS of $0.39 - $0.41.

Virtusa Corp. to Report Q3, 2015 Results on Feb 04, 2015

Virtusa Corp. announced that they will report Q3, 2015 results at 5:00 PM, US Eastern Standard Time on Feb 04, 2015

 

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Industry Analysis

VRTU

Industry Average

Valuation VRTU Industry Range
Price/Earnings 29.3x
Price/Sales 2.5x
Price/Book 2.9x
Price/Cash Flow 29.5x
TEV/Sales 2.2x
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