Virtusa Corporation (NASDAQ: VRTU) reported an increase in 4Q16 results. Net income grew to $12.3MM or $0.41 per dil share in 4Q16 vs. $11.6MM or $0.39 per dil share for 4Q15. Revenue came in at $171.9MM, an increase of 36% YoverY.
The company said it expects its 1Q17 revenue to be $202.5-207.5MM and non-GAAP diluted EPS to be $0.14-0.18. FY17 revenue is expected to be $890-920MM and non-GAAP diluted EPS is expected to be $2.10-2.30. The 1Q17 and FY17 diluted EPS estimates an avg. share count of approx. 30.1MM and 30.3MM, respectively, and assumes a stock price of $35.88.
Virtusa Corporation said it has created two growth engines inside VirtusaPolaris - Global Banking and Financial Services, which includes all the banking and financial services operations of Virtusa and Polaris and Enterprise Technology Services.
Check for more live updates on VRTU 4Q16 earnings. Click here. http://ift.tt/1rP3Q1e
Submitted May 16, 2016 at 09:46AM by Robert-Phillips http://ift.tt/1qnCgGV
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