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, US
Websitevirtusa.com
Employee Ratings3.6
Overall CultureC-

Latest Updates

Employees (est.) (Mar 2020)22,830(+3%)
Job Openings872
Revenue (FY, 2020)$1.3 B(+6%)
Share Price (Feb 2021)$51.3
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Virtusa

Sundararajan Narayanan

Sundararajan Narayanan

Global Human Resource Head , Senior Vice president, Vice president
Denise Warren

Denise Warren

Director
Jimmy Mahtani

Jimmy Mahtani

Director
Roger Keith Modder

Roger Keith Modder

Chief Operating Officer , Managing Director, Europe, Middle East and AsiaPac
Hari Gopalakrishnan

Hari Gopalakrishnan

Director
Thomas R. Holler

Thomas R. Holler

Executive Vice President, Chief Strategy Officer
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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
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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

5 years ago

Virtusa investors

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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View revenue for all periods
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
USDFY, 2018FY, 2019FY, 2020

Revenue

1.0b1.2b1.3b

Revenue growth, %

19%22%5%

Cost of goods sold

725.4m884.7m959.1m

Gross profit

295.2m363.2m353.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

300.0m305.5m314.7m319.0m328.5m335.1m301.1m317.2m346.1m

Cost of goods sold

216.5m216.3m221.5m234.7m238.6m236.4m232.5m233.2m232.1m

Gross profit

83.6m89.2m93.2m84.3m89.9m98.7m68.6m84.0m114.0m

Gross profit Margin, %

28%29%30%26%27%29%23%26%33%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

194.9m189.7m290.8m

Accounts Receivable

151.5m162.4m149.0m

Prepaid Expenses

31.7m42.3m55.6m

Current Assets

549.3m580.3m681.2m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

8.9m17.7m48.4m

Depreciation and Amortization

27.5m29.0m32.5m

Accounts Payable

4.4m16.5m(3.0m)

Cash From Operating Activities

62.7m68.6m79.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(5.6m)(3.6m)9.2m6.0m13.3m26.1m894.0k9.7m35.1m

Depreciation and Amortization

7.3m14.6m21.7m7.8m15.7m23.7m8.4m17.3m25.9m

Accounts Payable

1.2m232.0k12.0m(4.5m)(8.3m)(12.7m)3.3m(7.3m)(14.9m)

Cash From Operating Activities

(6.7m)33.3m69.8m2.2m23.8m74.5m56.0m105.5m171.4m
USDFY, 2018

Revenue/Employee

49.8k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.6 x
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Virtusa Operating Metrics

FY, 2019FY, 2020FY, 2018

Facility Space Leased, sq. ft.

956.39 k1.03 m1.03 m

Facility Space Owned, sq. ft.

922.15 k922.15 k922.15 k

Locations

445151
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Virtusa Acquisitions / Subsidiaries

Company NameDateDeal Size
eTouch SystemsMarch 12, 2018
Polaris Consulting & Services LimitedNovember 01, 2015$270 m
ApparatusApril 01, 2015$37.4 m
TradeTech ConsultingJanuary 06, 2014$20 m
OSB ConsultingNovember 01, 2013
Alas ConsultingJuly 05, 2011$28 m
Apparatus, Inc.
eTouch Systems Corp.
eTouch Systems (India) Pvt. Ltd
InSource Holdings, Inc.
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Virtusa Revenue Breakdown

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Virtusa revenue breakdown by geographic segment: 13.9% from UK, 16.6% from Rest of World and 69.5% from USA

Virtusa Cybersecurity Score

Cybersecurity ratingPremium dataset

A

99/100

SecurityScorecard logo

Virtusa Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Virtusa Online and Social Media Presence

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Virtusa Company Culture

  • Overall Culture

    C-

    62/100

  • CEO Rating

    B

    71/100

  • Compensation

    C-

    59/100

  • Diversity

    C-

    61/100

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Virtusa News and Updates

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.

Virtusa Introduces CIO Appointment

Company Announces Chief Information Officer to further strengthen Leadership Team Company Announces Chief Information Officer to further strengthen Leadership Team

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.

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…

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

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 …
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Virtusa Blogs

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!

Virtusa Improves Field Force Worker Efficiency with Augmented Reality and AI

Smart Field Force Management Aimed at Communications Service Providers

Virtusa Achieves AWS Financial Services Competency Status

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

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…

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…

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 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.