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.
| Type | Private | |
| Founded | 1996 | |
| HQ | Southborough, MA, US | Map |
| Website | virtusa.com | |
| Employee Ratings | More | |
| Overall Culture | C- | More |
Recent NewsAll News
Key People/Management at Virtusa
Sundararajan Narayanan
Global Human Resource Head , Senior Vice president, Vice president
Denise Warren
Director
Jimmy Mahtani
Director
Roger Keith Modder
Chief Operating Officer , Managing Director, Europe, Middle East and AsiaPac
Hari Gopalakrishnan
Director
Thomas R. Holler
Executive Vice President, Chief Strategy Officer
Virtusa Office Locations
Virtusa has offices in Southborough, Indianapolis, New York, Tampa and in 28 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
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 | 5 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
Virtusa Revenue
Virtusa's revenue was reported to be $1.31 b in FY, 2020 which is a 5.2% increase from the previous period.
| 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
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 300.0m | 305.5m | 314.7m | 319.0m | 328.5m | 335.1m | 301.1m | 317.2m | 346.1m |
Cost of goods sold | 216.5m | 216.3m | 221.5m | 234.7m | 238.6m | 236.4m | 232.5m | 233.2m | 232.1m |
Gross profit | 83.6m | 89.2m | 93.2m | 84.3m | 89.9m | 98.7m | 68.6m | 84.0m | 114.0m |
Gross profit Margin, % | 28% | 29% | 30% | 26% | 27% | 29% | 23% | 26% | 33% |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 154.8m | 177.0m | 210.6m | 190.0m | 183.4m | 217.4m | 285.3m | 297.5m | 347.2m |
Accounts Receivable | 146.5m | 162.5m | 153.5m | 149.7m | 155.5m | 149.8m | 141.4m | 134.8m | 140.0m |
Prepaid Expenses | 32.0m | 33.9m | 39.5m | 46.6m | 52.7m | 43.8m | 62.4m | 62.9m | 54.2m |
Current Assets | 529.3m | 544.6m | 566.7m | 564.0m | 562.1m | 580.6m | 624.5m | 631.6m | 662.8m |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (5.6m) | (3.6m) | 9.2m | 6.0m | 13.3m | 26.1m | 894.0k | 9.7m | 35.1m |
Depreciation and Amortization | 7.3m | 14.6m | 21.7m | 7.8m | 15.7m | 23.7m | 8.4m | 17.3m | 25.9m |
Accounts Payable | 1.2m | 232.0k | 12.0m | (4.5m) | (8.3m) | (12.7m) | 3.3m | (7.3m) | (14.9m) |
Cash From Operating Activities | (6.7m) | 33.3m | 69.8m | 2.2m | 23.8m | 74.5m | 56.0m | 105.5m | 171.4m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 49.8k |
Debt/Equity | 0.7 x |
Debt/Assets | 0.3 x |
Financial Leverage | 2.6 x |
Virtusa Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| eTouch Systems | March 12, 2018 | |
| Polaris Consulting & Services Limited | November 01, 2015 | $270 m |
| Apparatus | April 01, 2015 | $37.4 m |
| TradeTech Consulting | January 06, 2014 | $20 m |
| OSB Consulting | November 01, 2013 | |
| Alas Consulting | July 05, 2011 | $28 m |
| Apparatus, Inc. | ||
| eTouch Systems Corp. | ||
| eTouch Systems (India) Pvt. Ltd | ||
| InSource Holdings, Inc. |
Virtusa Revenue Breakdown
Virtusa revenue breakdown by geographic segment: 13.9% from UK, 16.6% from Rest of World and 69.5% from USA
Virtusa Cybersecurity Score
Virtusa Environment, Social & Governance (ESG) Ratings
Virtusa Online and Social Media Presence
8.82k Twitter followers
Virtusa has 8.82k Twitter Followers. The number of followers has increased 1.1% month over month and increased 1.8% quarter over quarter
Virtusa's Trends
Twitter Engagement Stats for @VirtusaCorp
17.6k
Tweets
1.5k
Following
8.8k
Followers
36
Tweets last 30 days
3.2
Avg. likes per Tweet
88.9%
Tweets with engagement
Virtusa Company Culture
Overall Culture
C-
62/100
CEO Rating
B
71/100
Compensation
C-
59/100
Diversity
C-
61/100
Virtusa News and Updates
January 04, 2022
Virtusa Announces Rajeev Mehta as New Chairman of the Board
SOUTHBOROUGH, Mass., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Virtusa Corporation today announced the appointment of Rajeev (Raj) Mehta as its new Chairman of the Board of Directors.
December 02, 2021
Virtusa Introduces CIO Appointment
Company Announces Chief Information Officer to further strengthen Leadership Team Company Announces Chief Information Officer to further strengthen Leadership Team
December 01, 2021
Virtusa Wins 2021 AWS Industry Solution NSI Partner of the Year - US
LAS VEGAS, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Virtusa Corporation was named the 2021 AWS Industry Solution NSI Partner of the Year - US for driving continued innovation and growth across a broad range of Amazon Web Services (AWS) focused Technology and Industry specific market offerings.
November 29, 2021
Virtusa Signs Strategic Collaboration Agreement with AWS to Help Global Enterprises Get the Full Value of Cloud Investments
The collaboration will establish a dedicated Virtusa AWS Business Group with an added focus on strategic global accounts, ISV modernization and a solution enhanced Professional Services relationship The collaboration will establish a dedicated Virtusa AWS Business Group with an added focus on strate…
October 25, 2021
Virtusa Introduces New Senior Leaders to Capture Rising Demand
Company Appoints CEO-Global Markets and Industries, CFO and CTO to Accelerate Growth Company Appoints CEO-Global Markets and Industries, CFO and CTO to Accelerate Growth
October 14, 2021
Virtusa Named an Overall Leader in NelsonHall’s NEAT Vendor Evaluation for Wealth and Asset Management Services
Virtusa’s Wealth and Asset Management Services Practice also Recognized as a Leader in Support for Digital Banking Models and as a Leader in Professional Services Capability Virtusa’s Wealth and Asset Management Services Practice also Recognized as a Leader in Support for Digital Banking Models and …
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…
Virtusa Frequently Asked Questions
When was Virtusa founded?
Virtusa was founded in 1996.
Who are Virtusa key executives?
Virtusa's key executives are Sundararajan Narayanan, Denise Warren and Jimmy Mahtani.
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 Capgemini, Tata Consultancy Services and Tech Mahindra.
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 28 other locations.
How many offices does Virtusa have?
Virtusa has 34 offices.
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