Virtusa Corporation is a global provider of information technology consulting and outsourcing services that accelerate outcomes for businesses in banking, insurance, healthcare, telecommunications, technology, and media & entertainment. The Company's outsourcing solutions enable businesses to improve operational efficiency and reduce IT costs. Virtusa’s digital transformation solutions empower clients to accelerate revenue growth and reimagine the customer experience.

Type
Public
HQ
Westborough, US
Founded
1996
Size (employees)
19,062 (est)+4%
Virtusa was founded in 1996 and is headquartered in Westborough, US
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Virtusa Office Locations

Virtusa has offices in Taguig, Pune, London, Singapore and in 18 other locations
Westborough, US (HQ)
2000 W Park Dr
Indianapolis, US
1401 N Meridian St
New York, US
1600 370 Lexington Ave
New York, US
14 Wall St
Troy, US
301 400 Jordan Rd
Windsor, US
305 100 Northfield Dr
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Virtusa Financials and Metrics

Virtusa Financials

Virtusa's revenue was reported to be $858.73 m in FY, 2017 which is a 43% increase from the previous period.
USD

Revenue (FY, 2017)

858.7 m

Revenue growth (FY, 2016 - FY, 2017), %

43%

Net income (FY, 2017)

16.3 m

EBIT (FY, 2017)

18.4 m

Market capitalization (25-Apr-2018)

1.4 b

Cash (30-Sep-2017)

162.3 m

EV

1.2 b
Virtusa's current market capitalization is $1.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

396.9 m479 m600.3 m858.7 m

Revenue growth, %

19%21%25%43%

General and administrative expense

165.7 m219.4 m

Operating expense total

165.7 m219.4 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

134.8 m143 m150.6 m205.5 m210.1 m217.2 m227.3 m248.2 m

General and administrative expense

35.1 m36.2 m39.6 m53.8 m54.2 m55.9 m55 m

Operating expense total

35.1 m36.2 m39.6 m53.8 m54.2 m55.9 m55 m

EBIT

12.4 m13.3 m14.1 m(1.8 m)3.5 m6.5 m6.1 m10.3 m
Annual
usdY, 2010Y, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

43.9 m50.2 m58.1 m57.2 m82.8 m124.8 m149 m144.9 m

Accounts Receivable

276.2 k

Inventories

9.6 m

Current Assets

260.1 m347.2 m528.8 m480.2 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

64.9 m93.4 m76.9 m94 m98.3 m103.8 m82.3 m119.7 m140.3 m158.9 m133.9 m154 m162.3 m

Inventories

(4.5 m)

Current Assets

209.5 m240.9 m271.8 m288.4 m315 m332.3 m335.2 m351.2 m420.5 m432.2 m460.9 m488.3 m506.7 m

PP&E

118.6 m
Annual
usdFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

34.4 m42.4 m45 m16.3 m

Depreciation and Amortization

11.5 m13.6 m16.5 m25.9 m

Inventories

(4.9 m)4.5 m(7.8 m)

Accounts Payable

(228 k)(212 k)(7.3 m)(6.5 m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

15 m24.3 m9 m19.1 m30.9 m10.1 m21.2 m32.5 m(5.5 m)(1.1 m)4.5 m4.6 m7.6 m

Depreciation and Amortization

5.2 m7.9 m3.6 m7.2 m10.5 m3.6 m7.6 m11.9 m6.2 m12.5 m19.2 m6.6 m

Inventories

(4.5 m)

Accounts Payable

(2.3 m)(1.2 m)189 k(887 k)(898 k)(180 k)670 k1.8 m(4.3 m)(2.3 m)7.4 m1.4 m22.3 m
USDY, 2017

EV/EBIT

66.7 x

EV/CFO

41.1 x

Revenue/Employee

47.2 k

Financial Leverage

1.6 x
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Virtusa Operating Metrics

Virtusa's Active Customers was reported to be 198 in Q2, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018

Active Customers

114 121 128 131 174 179 187 189 191 196 198
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Virtusa News and Updates

Most businesses unprepared for digital transformation

Customer experience, business processes, and innovation are all important considerations.
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