Virtusa

OverviewSuggest Edit

Virtusa Corporation is a global provider of digital engineering and information technology outsourcing services. It offers consulting, UX design, application development, systems integration, digital engineering, testing and business assurance, and maintenance and support services, including cloud, infrastructure and managed services. The company serves the banking, insurance, healthcare, telecommunications, technology, and media and entertainment markets.

TypePrivate
Founded1996
HQSouthborough, MA, USMap
Websitevirtusa.com
Overall CultureC-More
View Jobs (1,119)

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Latest Updates

Employees (est.) (Mar 2020)22,830(+3%)
Job Openings1,119
Revenue (FY, 2020)$1.3 B(+6%)
Share Price (Feb 2021)$51.3
Cybersecurity ratingAMore

Key People/Management at Virtusa

Kris Canekeratne

Kris Canekeratne

Chairman and Chief Executive Officer
Sundararajan Narayanan

Sundararajan Narayanan

EVP & Chief People Officer
Ranjan Kalia

Ranjan Kalia

EVP & Chief Financial Officer
Roger Keith Modder

Roger Keith Modder

Chief Operating Officer & Managing Director, Europe, Middle East and AsiaPac
Thomas R. Holler

Thomas R. Holler

EVP & Chief Strategy Officer
Sunny Bathla

Sunny Bathla

SVP & Head of Emerging and Insurance Business, Americas
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Virtusa Office Locations

Virtusa has offices in Southborough, Indianapolis, New York, Tampa and in 27 other locations
Southborough, MA, US (HQ)
132 Turnpike Rd #300
Indianapolis, IN, US
1401 N Meridian St
New York, NY, US
225 Liberty St 34th floor
Tampa, FL, US
3104 N Armenia Ave #2b
Windsor, CT, US
100 Northfield Dr #305
Melbourne, AU
Level 17 and, 24/570 Bourke St
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Virtusa Financials and Metrics

Summary Metrics

Founding Date

1996

Virtusa total Funding

$169.2 m

Virtusa latest funding size

$108 m

Time since last funding

4 years ago

Virtusa investors

Focus Ventures, CRV, Globespan Capital Partners, Sigma Partners, JAFCO Asia, The Orogen Group
Virtusa's latest funding round in May 2017 was reported to be $108 m. In total, Virtusa has raised $169.2 m
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Virtusa Revenue

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Virtusa's revenue was reported to be $1.31 b in FY, 2020
USD

Revenue (Q3, 2021)

346.1m

Gross profit (Q3, 2021)

114.0m

Gross profit margin (Q3, 2021), %

32.9%

Net income (Q3, 2021)

25.4m

EBIT (Q3, 2021)

41.5m

Cash (31-Dec-2020)

347.2m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

277.8m333.2m396.9m479.0m600.3m858.7m1.0b1.2b1.3b

Revenue growth, %

19%21%25%43%

Cost of goods sold

177.4m215.9m250.5m304.4m389.3m621.0m725.4m884.7m959.1m

Gross profit

100.3m117.3m146.4m174.6m211.0m237.8m295.2m363.2m353.1m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

61.0m70.3m72.2m76.2m80.5m86.5m90.5m94.3m101.0m112.3m117.7m123.0m134.8m143.0m150.6m205.5m210.1m217.2m227.3m248.2m263.8m300.0m305.5m314.7m319.0m328.5m335.1m301.1m317.2m346.1m

Cost of goods sold

38.0m45.4m46.3m49.6m52.9m55.7m57.8m60.5m63.8m72.6m75.0m77.1m87.4m93.5m96.9m153.6m152.4m154.8m166.3m178.4m183.4m216.5m221.5m234.7m238.6m236.4m232.5m233.2m232.1m

Gross profit

23.1m24.9m25.9m26.6m27.6m30.8m32.7m33.8m37.2m39.7m42.7m45.9m47.5m49.5m53.7m51.9m57.7m62.4m61.1m69.8m80.4m83.6m93.2m84.3m89.9m98.7m68.6m84.0m114.0m

Gross profit Margin, %

38%35%36%35%34%36%36%36%37%35%36%37%35%35%36%25%27%29%27%28%30%28%30%26%27%29%23%26%33%
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Annual
USDY, 2010Y, 2011FY, 2012Y, 2012FY, 2013Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

43.9m50.2m58.1m58.1m57.2m57.2m82.8m124.8m149.0m144.9m194.9m189.7m290.8m

Accounts Receivable

58.8m68.6m276.2k151.5m162.4m149.0m

Prepaid Expenses

6.6m7.6m31.7m42.3m55.6m

Inventories

9.6m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

69.9m48.7m48.9m48.2m46.6m62.6m51.0m64.9m93.4m76.9m94.0m98.3m103.8m82.3m119.7m140.3m158.9m133.9m154.0m162.3m226.7m154.8m177.0m210.6m190.0m183.4m217.4m285.3m297.5m347.2m

Accounts Receivable

43.7m51.2m54.4m54.2m67.9m65.1m75.2m64.3m60.9m69.8m69.6m73.6m92.0m97.3m93.7m127.3m123.0m117.9m147.0m138.4m138.3m146.5m162.5m153.5m149.7m155.5m149.8m141.4m134.8m140.0m

Prepaid Expenses

6.1m6.2m5.7m6.4m5.8m5.7m6.4m9.9m9.6m13.6m12.7m11.7m9.7m10.3m10.5m21.4m25.0m32.6m35.7m36.8m32.4m32.0m33.9m39.5m46.6m52.7m43.8m62.4m62.9m54.2m

Current Assets

165.2m146.9m154.3m159.1m165.1m180.5m195.2m209.5m240.9m271.8m288.4m315.0m332.3m335.2m351.2m420.5m432.2m460.9m488.3m506.7m555.1m529.3m544.6m566.7m564.0m562.1m580.6m624.5m631.6m662.8m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

20.0m28.4m34.4m42.4m45.0m16.3m8.9m17.7m48.4m

Depreciation and Amortization

8.3m9.0m11.5m13.6m16.5m25.9m27.5m29.0m32.5m

Inventories

(4.9m)4.5m(7.8m)

Accounts Payable

1.6m1.6m(228.0k)(212.0k)(7.3m)(6.5m)4.4m16.5m(3.0m)
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

4.0m8.6m14.2m6.1m11.9m19.3m7.5m15.0m24.3m9.0m19.1m30.9m10.1m21.2m32.5m(5.5m)(1.1m)4.5m4.6m12.2m4.3m(5.6m)(3.6m)9.2m6.0m13.3m26.1m894.0k9.7m35.1m

Depreciation and Amortization

1.8m4.0m6.2m2.0m4.2m6.5m2.6m5.2m7.9m3.6m7.2m10.5m3.6m7.6m11.9m6.2m12.5m19.2m6.6m13.6m20.7m7.3m14.6m21.7m7.8m15.7m23.7m8.4m17.3m25.9m

Accounts Payable

(2.5m)(2.0m)(2.5m)(3.3m)(2.9m)614.0k(2.5m)(2.3m)(1.2m)189.0k(887.0k)(898.0k)(180.0k)670.0k1.8m(4.3m)(2.3m)7.4m1.4m740.0k(352.0k)1.2m232.0k12.0m(4.5m)(8.3m)(12.7m)3.3m(7.3m)(14.9m)

Cash From Operating Activities

(2.4m)1.2m9.8m2.4m2.8m23.7m(1.8m)21.9m39.5m(2.5m)19.2m31.8m1.4m18.5m40.9m(17.1m)8.1m21.6m1.1m29.8m54.2m(6.7m)33.3m69.8m2.2m23.8m74.5m56.0m105.5m171.4m
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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

114121128131174179187189191196198
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Virtusa Revenue Breakdown

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Virtusa revenue breakdown by geographic segment: 64.6% from North America, 22.9% from Europe and 12.6% from Other

Virtusa Cybersecurity Score

Cybersecurity ratingPremium dataset

A

99/100

Learn more about our premium products
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Virtusa Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Virtusa Online and Social Media Presence

Virtusa's Trends

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Virtusa Company Culture

  • Overall Culture

    C-

    64/100

  • CEO Rating

    A

    75/100

  • Compensation

    C

    62/100

  • Diversity

    C

    64/100

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Virtusa News and Updates

May 19, 2021

Virtusa Partners with Sedicii and Custodigit to Introduce New Offerings for Banks and Financial Services Organizations

SOUTHBOROUGH, Mass., May 19, 2021 (GLOBE NEWSWIRE) -- Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today unveiled new partnerships with Sedicii and Custodi…
April 20, 2021

Virtusa Partners with People’s United Bank to Launch New Customer-Decisioning Hub with Virtusa’s vEngage

vEngage Built on Pega Customer Decision Hub and Adobe Experience Platform vEngage Built on Pega Customer Decision Hub and Adobe Experience Platform
April 14, 2021

Bolero forms partnership with Virtusa

Bolero International, a leader in cloud-based trade finance digitization, announced its worldwide partnership with Virtusa Corporation, a global provider of digital strategy and IT services and solutions, for Bolero’s new white-labelled trade finance portal-as-a-service solution Galileo TPaaS for Ba…
March 23, 2021

Virtusa and Bloomin’ Brands Announce Five-Year Strategic Management Agreement

Virtusa to Manage Entire IT and Cloud Infrastructure Across the Bloomin’ Brands Portfolio
March 10, 2021

Converge International Expands Services with Pegasystems and Virtusa

New digital transformation implementation to increase caseload capacity for employee mental health and wellbeing services throughout Australia New digital transformation implementation to increase caseload capacity for employee mental health and wellbeing services throughout Australia
January 26, 2021

Virtusa Recognized as a Top Employer for 2021 in the UK and Middle East

SOUTHBOROUGH, Mass. – (January 25, 2021)  – Virtusa Corporation  (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced it has been named a Top Employer f…
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Virtusa Blogs

March 10, 2020

Virtusa Named a Major Contender and Star Performer by Everest Group in Life & Annuities Insurance Application and Digital Services PEAK MatrixTM 2020

Virtusa Named a Major Contender and Star Performer by Everest Group in Life & Annuities Insurance Application and Digital Services PEAK Matrix!
December 05, 2019

Virtusa Improves Field Force Worker Efficiency with Augmented Reality and AI

Smart Field Force Management Aimed at Communications Service Providers
December 03, 2019

Virtusa Achieves AWS Financial Services Competency Status

Virtusa joins a group of AWS Partner Network members helping financial services organizations deliver innovation solutions.
November 12, 2019

Virtusa Achieves HITRUST CSF® Certification to Manage Risk, Improve Security Posture, and Meet Compliance Requirements

Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced its Healthcare and Life Sciences practices have earned HITRUST CSF Certified status f…
November 06, 2019

Virtusa Named a Major Contender and Star Performer by Everest Group in Life Sciences Digital Services PEAK MatrixTM

Virtusa Corporation(NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced it was named a Major Contender in the 2019 Life Sciences Digital Services PEAK MatrixT…
October 30, 2019

UTHealth, Virtusa, Cardinal Health, and AWS Use AI and Machine Learning to Advance Medical Research

Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced it is collaborating with The University of Texas Health Science Center at Houst…
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 Virtusa Frequently Asked Questions

  • When was Virtusa founded?

    Virtusa was founded in 1996.

  • Who are Virtusa key executives?

    Virtusa's key executives are Kris Canekeratne, Sundararajan Narayanan and Ranjan Kalia.

  • How many employees does Virtusa have?

    Virtusa has 22,830 employees.

  • What is Virtusa revenue?

    Latest Virtusa annual revenue is $1.3 b.

  • What is Virtusa revenue per employee?

    Latest Virtusa revenue per employee is $57.5 k.

  • Who are Virtusa competitors?

    Competitors of Virtusa include Tech Mahindra, Tata Consultancy Services and Capgemini.

  • Where is Virtusa headquarters?

    Virtusa headquarters is located at 132 Turnpike Rd #300, Southborough.

  • Where are Virtusa offices?

    Virtusa has offices in Southborough, Indianapolis, New York, Tampa and in 27 other locations.

  • How many offices does Virtusa have?

    Virtusa has 33 offices.