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.

Type
Public
HQ
Westborough, US
Founded
1996
Size (employees)
17,500 (est)+65%
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
Show all (24)

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.
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

EBIT

42.4 m52.6 m45.3 m18.4 m

EBIT margin, %

11%11%8%2%

Interest income

4.8 m(3.6 m)

Pre tax profit

57.7 m18.8 m

Income tax expense

11.5 m15 m12.6 m2.6 m

Net Income

34.4 m42.4 m45 m16.3 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

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

General and administrative expense

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

Operating expense total

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

EBIT

12.4 m13.3 m14.1 m(1.8 m)3.5 m6.5 m

EBIT margin, %

9%9%9%(1%)2%3%

Interest income

1.4 m1.5 m1.3 m(551 k)(1.2 m)(899 k)

Pre tax profit

13.8 m15.1 m15.8 m4.1 m

Income tax expense

3.7 m4 m4.5 m(463 k)499 k(1.4 m)

Net Income

9 m19.1 m30.9 m10.1 m21.2 m32.5 m(5.5 m)(1.1 m)4.5 m
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

PP&E

35.3 m38 m116.3 m118.9 m

Goodwill

53.4 m50.4 m200.4 m211.1 m

Total Assets

449.4 m489.7 m980 m923.4 m

Accounts Payable

11 m8.7 m27.5 m20.5 m

Total Debt

8.9 m

Current Liabilities

66.8 m61.2 m141.3 m125.8 m

Total Liabilities

338.4 m

Additional Paid-in Capital

269.5 m283.2 m297.6 m305.4 m

Retained Earnings

141.6 m184.1 m228.9 m240.7 m

Total Equity

374.1 m423.8 m628 m585 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.2 x1.2 x1.6 x1.6 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

76.9 m94 m98.3 m103.8 m82.3 m119.7 m140.3 m158.9 m133.9 m

Current Assets

271.8 m288.4 m315 m332.3 m335.2 m351.2 m420.5 m432.2 m460.9 m

Goodwill

53 m52.1 m51.3 m70.7 m76.4 m76.4 m196 m199.1 m204.8 m

Total Assets

453.3 m464.4 m476.1 m507 m522.7 m533.6 m849.6 m866.4 m892.5 m

Accounts Payable

10 m9.1 m9.4 m10.2 m11 m12.4 m23.8 m25.1 m30.7 m

Current Liabilities

59.6 m60.6 m61.7 m70.8 m77.5 m75.5 m106.9 m114.1 m121.6 m

Additional Paid-in Capital

271.2 m275.3 m279.7 m285.3 m287.9 m292 m297.8 m302.1 m301.2 m

Retained Earnings

150.6 m160.7 m172.5 m194.2 m205.3 m216.6 m222.6 m225.8 m230.3 m

Total Equity

385.3 m396 m407.2 m431 m439.7 m453.2 m532.6 m545.1 m558 m

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.6 x1.6 x1.6 x
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

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 m42 m24.2 m22.2 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 m5.2 m197.4 m(91 m)

Interest Paid

13 k24 k33 k7.2 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

9 m19.1 m30.9 m10.1 m21.2 m32.5 m(5.5 m)(1.1 m)4.5 m

Depreciation and Amortization

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

Accounts Receivable

(8 m)(3.4 m)

Accounts Payable

189 k(887 k)(898 k)(180 k)670 k1.8 m(4.3 m)(2.3 m)7.4 m

Cash From Operating Activities

(2.5 m)19.2 m31.8 m1.4 m18.5 m40.9 m(17.1 m)8.1 m21.6 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 m96 m58.7 m

Cash From Financing Activities

1.5 m4 m6 m2.1 m2.8 m3.5 m(91.4 m)(94.5 m)(89.8 m)
USDY, 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
Q1, 2016FY, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017FY, 2017Q2, 2017Q3, 2017Q4, 2017

Active Customers

121174128131174179191187189191

New Customers

76594457281245

Virtusa Market Value History

Virtusa Revenue Breakdown

Virtusa Median Salaries

Source: 1.9 k public H-1B filings from Virtusa

Virtusa Online and Social Media Presence

Virtusa Company Life and Culture

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