Focus Equities

Virtusa Misses Estimates On Fiscal Q4 EPS And Revenues

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Virtusa, a business consulting and IT outsourcing company, reported fiscal Q4 2017 adjusted EPS of $0.43, down from $0.55 in the same period a year ago and missing the estimate of $0.45 from analysts polled by CapIQ. For the quarter ended March 31 total revenues of $226 million were up from $171.9 million in the same period a year ago and fell slightly short of the Street projection of $226.7 million.

Fiscal Q1 revenue is expected to be in the range of $222.5 million to $227.5 million, straddling the Street estimate of $224.3 million. Q1 adjusted EPS is expected the range of $0.24 to $0.30, short of the Street estimate of $0.36. Fiscal year 2018 revenue is expected to be in the range of $920 million to $950 million, straddling the Street projection of $934.2 million and adjusted EPS is expected to be in the range of $1.42 to $1.66, missing the Street estimate of $1.84.

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