Virtusa Q4 Results Falls Shy Of Estimates

(RTTNews) - Virtusa Corp. (VRTU) reported net income for the fourth quarter of $10.0 million or $0.35 per share, compared to $9.1 million or $0.35 per share for the year-ago quarter.

Revenue for the fourth quarter rose 24% to $111.10 million from $89.95 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.36 per share on revenue of $111.53 million for the fourth quarter.

Looking forward to the first quarter, the company forecasts revenue of $111.0 million to $113.0 million and earnings of $0.29 to $0.33 per share. Analysts currently expect the company to earn $0.36 per share on revenue of $112.47 million for the first quarter.

For the fiscal year 2015, the company forecasts revenue of $468.0 million to $486.0 million and earnings of $1.44 to $1.60 per share. Analysts currently expect the company to earn $1.56 per share on revenue of $476.70 million for the fiscal year 2015.