Virtusa Corp. Reports Unaudited Consolidated Earnings for the Third Quarter and Nine Months Ended December 31, 2013; Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2014
For the nine months, the company reported revenue of $285,833,000, income from operations of $29,901,000, income before income tax expense of $32,297,000 and net income of $24,328,000 or $0.92 per diluted share compared to revenue of $243,226,000, income from operations of $23,439,000, income before income tax expense of $25,496,000 and net income of $19,307,000 or $0.76 per diluted share for the same period a year ago. Net cash provided by operating activities was $39,527,000 against $23,680,000 for the same period a year ago. Purchase of property and equipment was $5,825,000 against $8,517,000 for the same period a year ago.
Fourth quarter fiscal 2014 revenue is expected to be in the range of $110.3 million to $112.3 million, with diluted EPS of $0.33 to $0.37.
Fiscal year 2014 revenue is expected to be in the range of $396.2 million to $398.2 million, with diluted EPS of $1.26 to $1.30.