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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Virtusa Corporation    VRTU

VIRTUSA CORPORATION

(VRTU)
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Virtusa : Announces Date of Second Quarter 2020 Financial Results Release, Conference Call and Webcast

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10/17/2019 | 04:06pm EST

Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital engineering and IT outsourcing services that accelerate business outcomes for its clients, today announced that it will report its fiscal second quarter 2020 financial results for the three months ended September 30, 2019 after the U.S. financial markets close on Thursday, November 7, 2019.

In conjunction with this announcement, Virtusa will host a conference call on Thursday, November 7, 2019 at 5:00 p.m. Eastern Time to discuss the Company’s financial results and financial guidance. To access this call, dial 844-695-5524 (domestic) or 412-317-5461 (international). A replay of this conference call will be available through November 14, 2019 at 877-344-7529 (domestic) or 412-317-0088 (international). The replay passcode is 10135674. A live webcast of this conference call will be available on the “Investors” page of the Company’s website (www.virtusa.com), and a replay will be archived on the website as well.

About Virtusa

Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of Digital Business Transformation, Digital Engineering, and Information Technology (IT) outsourcing services that accelerate our clients’ journey to their Digital Future. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Telecommunications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Using a combination of digital strategy, digital engineering, business implementation, and IT platform modernization services, Virtusa helps clients execute successful end-to-end digital business transformation initiatives.

Virtusa engages its clients to re-imagine their business models and develop strategies to defend and grow their business by introducing innovative products and services, developing distinctive digital consumer experiences, creating operational efficiency using digital labor, developing operational and IT platforms for the future, and rationalizing and modernizing their existing IT applications infrastructure. As a result, its clients are simultaneously able to drive business growth through digital-first customer experiences, while also consolidating and modernizing their IT application infrastructure to support digital business transformation.

Holding a proven record of success across industries, Virtusa readily understands its clients' business challenges and uses its domain expertise to deliver innovative applications of technology to address its clients’ critical business challenges. Examples include building the world's largest property & casualty claims modernization program; one of the largest corporate customer portals for a premier global bank; an order to cash implementation for a multinational telecommunications provider; and digital transformation initiatives for media and banking companies.

Founded in 1996 and headquartered in Massachusetts, Virtusa has operations in North America, Europe, and Asia.

© 2019 Virtusa Corporation. All rights reserved.

Virtusa, Accelerating Business Outcomes, BPM Test Drive and Productization are registered trademarks of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.


© Business Wire 2019
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Financials (USD)
Sales 2020 1 341 M
EBIT 2020 95,1 M
Net income 2020 40,7 M
Debt 2020 138 M
Yield 2020 -
P/E ratio 2020 33,4x
P/E ratio 2021 22,4x
EV / Sales2020 1,08x
EV / Sales2021 0,93x
Capitalization 1 304 M
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 7
Average target price 52,67  $
Last Close Price 43,69  $
Spread / Highest target 37,3%
Spread / Average Target 20,5%
Spread / Lowest Target 7,58%
EPS Revisions
Managers
NameTitle
Krishan Aruna Canekeratne Chairman & Chief Executive Officer
Samir Dhir President
Roger Keith Modder Chief Operating Officer & Executive Vice President
Anuranjan Krishnan Kalia CFO, Secretary, Treasurer & Executive VP
Frank Palermo EVP, Head-Technology, Media & Telecommunication
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