Virtusa Corporation provides end-to-end information technology (IT) services to Global 2000 companies. These services, which include IT consulting, application maintenance, development, systems integration and managed services, leverage a unique Platforming methodology that transforms clients’ businesses through IT rationalization. Virtusa helps customers accelerate business outcomes by consolidating, rationalizing, and modernizing their core customer-facing processes into one or more core systems.
Virtusa delivers cost-effective solutions through a global delivery model, applying advanced methods such as Agile and Accelerated Solution Design to ensure that its solutions meet the clients’ requirements. As a result, its clients simultaneously reduce their IT operations cost while increasing their ability to meet changing business needs.
Founded in 1996 and headquartered in Massachusetts, Virtusa has operations in North America, Europe, and Asia.
Virtusa was founded in 1996 and is headquartered in Westborough, US
Virtusa Office Locations
Virtusa has offices in Westborough, London, Schiphol, München and in 18 other locations
Westborough, US (HQ)
2000 W Park Dr
Indianapolis, US
1401 N Meridian St
Troy, US
301 400 Jordan Rd
New York, US
14 Wall St
Windsor, US
305 100 Northfield Dr
New York, US
1600 370 Lexington Ave
Virtusa Data and Metrics
Virtusa Financial Metrics
Virtusa's revenue was reported to be $858.7 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 (21-Jul-2017) | 988.8 m |
Cash (31-Mar-2017) | 144.9 m |
EV | 852.8 m |
Virtusa's current market capitalization is $988.8 m.
- Source: SEC Filings
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Revenue | 396.9 m | 479 m | 600.3 m | 858.7 m |
Revenue growth, % | 19% | 21% | 25% | 43% |
General and administrative expense | 165.7 m | 219.4 m | ||
Operating expense total | 165.7 m | 219.4 m | ||
EBIT | 42.4 m | 52.6 m | 45.3 m | 18.4 m |
EBIT margin, % | 11% | 11% | 8% | 2% |
Interest income | 4.8 m | (3.6 m) | ||
Pre tax profit | 57.7 m | 18.8 m | ||
Income tax expense | 11.5 m | 15 m | 12.6 m | 2.6 m |
Net Income | 34.4 m | 42.4 m | 45 m | 16.3 m |
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 134.8 m | 143 m | 150.6 m | 205.5 m | 210.1 m | 217.2 m | |||
General and administrative expense | 35.1 m | 36.2 m | 39.6 m | 53.8 m | 54.2 m | 55.9 m | |||
Operating expense total | 35.1 m | 36.2 m | 39.6 m | 53.8 m | 54.2 m | 55.9 m | |||
EBIT | 12.4 m | 13.3 m | 14.1 m | (1.8 m) | 3.5 m | 6.5 m | |||
EBIT margin, % | 9% | 9% | 9% | (1%) | 2% | 3% | |||
Interest income | 1.4 m | 1.5 m | 1.3 m | (551 k) | (1.2 m) | (899 k) | |||
Pre tax profit | 13.8 m | 15.1 m | 15.8 m | 4.1 m | |||||
Income tax expense | 3.7 m | 4 m | 4.5 m | (463 k) | 499 k | (1.4 m) | |||
Net Income | 9 m | 19.1 m | 30.9 m | 10.1 m | 21.2 m | 32.5 m | (5.5 m) | (1.1 m) | 4.5 m |
- Source: SEC Filings
| USD | Y, 2010 | Y, 2011 | Y, 2012 | Y, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|---|
Cash | 43.9 m | 50.2 m | 58.1 m | 57.2 m | 82.8 m | 124.8 m | 149 m | 144.9 m |
Accounts Receivable | 276.2 k | |||||||
Inventories | 9.6 m | |||||||
Current Assets | 260.1 m | 347.2 m | 528.8 m | 480.2 m | ||||
PP&E | 35.3 m | 38 m | 116.3 m | 118.9 m | ||||
Goodwill | 53.4 m | 50.4 m | 200.4 m | 211.1 m | ||||
Total Assets | 449.4 m | 489.7 m | 980 m | 923.4 m | ||||
Accounts Payable | 11 m | 8.7 m | 27.5 m | 20.5 m | ||||
Total Debt | 8.9 m | |||||||
Current Liabilities | 66.8 m | 61.2 m | 141.3 m | 125.8 m | ||||
Total Liabilities | 338.4 m | |||||||
Additional Paid-in Capital | 269.5 m | 283.2 m | 297.6 m | 305.4 m | ||||
Retained Earnings | 141.6 m | 184.1 m | 228.9 m | 240.7 m | ||||
Total Equity | 374.1 m | 423.8 m | 628 m | 585 m | ||||
Debt to Equity Ratio | 0 x | |||||||
Debt to Assets Ratio | 0 x | |||||||
Financial Leverage | 1.2 x | 1.2 x | 1.6 x | 1.6 x |
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 76.9 m | 94 m | 98.3 m | 103.8 m | 82.3 m | 119.7 m | 140.3 m | 158.9 m | 133.9 m |
Current Assets | 271.8 m | 288.4 m | 315 m | 332.3 m | 335.2 m | 351.2 m | 420.5 m | 432.2 m | 460.9 m |
Goodwill | 53 m | 52.1 m | 51.3 m | 70.7 m | 76.4 m | 76.4 m | 196 m | 199.1 m | 204.8 m |
Total Assets | 453.3 m | 464.4 m | 476.1 m | 507 m | 522.7 m | 533.6 m | 849.6 m | 866.4 m | 892.5 m |
Accounts Payable | 10 m | 9.1 m | 9.4 m | 10.2 m | 11 m | 12.4 m | 23.8 m | 25.1 m | 30.7 m |
Current Liabilities | 59.6 m | 60.6 m | 61.7 m | 70.8 m | 77.5 m | 75.5 m | 106.9 m | 114.1 m | 121.6 m |
Additional Paid-in Capital | 271.2 m | 275.3 m | 279.7 m | 285.3 m | 287.9 m | 292 m | 297.8 m | 302.1 m | 301.2 m |
Retained Earnings | 150.6 m | 160.7 m | 172.5 m | 194.2 m | 205.3 m | 216.6 m | 222.6 m | 225.8 m | 230.3 m |
Total Equity | 385.3 m | 396 m | 407.2 m | 431 m | 439.7 m | 453.2 m | 532.6 m | 545.1 m | 558 m |
Financial Leverage | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.6 x | 1.6 x | 1.6 x |
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Net Income | 34.4 m | 42.4 m | 45 m | 16.3 m |
Depreciation and Amortization | 11.5 m | 13.6 m | 16.5 m | 25.9 m |
Accounts Receivable | (741.4 k) | |||
Inventories | (4.9 m) | 4.5 m | (7.8 m) | |
Accounts Payable | (228 k) | (212 k) | (7.3 m) | (6.5 m) |
Cash From Operating Activities | 25.6 m | 42 m | 24.2 m | 22.2 m |
Purchases of PP&E | (7.5 m) | (14.7 m) | (13.5 m) | (15.3 m) |
Cash From Investing Activities | (113 m) | (10.1 m) | (217.9 m) | 67 m |
Cash From Financing Activities | 91.7 m | 5.2 m | 197.4 m | (91 m) |
Interest Paid | 13 k | 24 k | 33 k | 7.2 m |
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 9 m | 19.1 m | 30.9 m | 10.1 m | 21.2 m | 32.5 m | (5.5 m) | (1.1 m) | 4.5 m |
Depreciation and Amortization | 3.6 m | 7.2 m | 10.5 m | 3.6 m | 7.6 m | 11.9 m | 6.2 m | 12.5 m | 19.2 m |
Accounts Receivable | (8 m) | (3.4 m) | |||||||
Accounts Payable | 189 k | (887 k) | (898 k) | (180 k) | 670 k | 1.8 m | (4.3 m) | (2.3 m) | 7.4 m |
Cash From Operating Activities | (2.5 m) | 19.2 m | 31.8 m | 1.4 m | 18.5 m | 40.9 m | (17.1 m) | 8.1 m | 21.6 m |
Purchases of PP&E | (4.4 m) | (6.4 m) | (9.1 m) | (2.1 m) | (7.3 m) | (10.3 m) | (3.3 m) | (8.8 m) | (10.9 m) |
Cash From Investing Activities | (4.8 m) | (11.1 m) | (20.1 m) | (23 m) | (60.7 m) | (45.2 m) | 101 m | 96 m | 58.7 m |
Cash From Financing Activities | 1.5 m | 4 m | 6 m | 2.1 m | 2.8 m | 3.5 m | (91.4 m) | (94.5 m) | (89.8 m) |
| USD | Y, 2017 |
|---|---|
EV/EBIT | 46.4 x |
EV/CFO | 38.4 x |
Revenue/Employee | 49.1 k |
Financial Leverage | 1.6 x |
Virtusa Operating Metrics
Virtusa's Active Customers was reported to be 191 in Q4, 2017. Virtusa's New Customers was reported to be 5 in Q4, 2017
- Source: Company Filings
Virtusa Market Value History
Virtusa Revenue Breakdown
Virtusa Median Salaries
Source: 1.9 k public H-1B filings from Virtusa
