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Virtusa (VRTU)

Virtusa Corporation is an American information technology services company founded in 1996 in Sri Lanka and has its headquarters in Southborough, Massachusetts, United States. The company provides IT consulting, business consulting, systems implementation and application outsourcing services to large enterprises and software vendors. The company has several delivery centers in India and Sri Lanka with the ones in Hyderabad, Chennai and Colombo being the largest. In September 2020, Baring Private Equity Asia announced that it would acquire Virtusa corporation for US$ 2 billion.

Company profile

Ticker
VRTU
Exchange
CEO
Krishan Canekeratne
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Virtusa (Private) Limited • Virtusa Austria GmbH • Virtusa C.V. • Virtusa Canada Inc. • Virtusa Consulting Services Private Limited • Virtusa Financing C.V. • Virtusa Germany GmbH • Virtusa International, B.V. • Virtusa Malaysia Sdn. Bhd. • Virtusa Securities Corporation ...

VRTU stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 Feb 21
1 Oct 22
31 Mar 23
Quarter (USD) Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 20 Mar 19 Mar 18 Mar 17
Revenue
Cost of revenue
Operating income
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Net income
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Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Jun 21 Pandit Vikram S RSU Common Stock, par value $0.001 per share Grant Acquire A Yes No 0 1,420 0 6,778
0.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1 0 NEW
Opened positions 1 0 NEW
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 368.85M 0 NEW
Total shares 7.5K 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
BNP Paribas Arbitrage 7.5K $368.85M NEW
Largest transactions Shares Bought/sold Change
BNP Paribas Arbitrage 7.5K +7.5K NEW

Financial report summary

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Management Discussion
  • Revenue increased by 3.3%, or $11.0 million, from $335.1 million during the three months ended December 31, 2019 to $346.1 million in the three months ended December 31, 2020. The increase in revenue was primarily due to an increase in revenue from several banking clients, including our largest banking client, revenue from several tuck-in asset and business acquisitions closed in the fiscal year ended March 31, 2020, and an increase in revenue from Europe, primarily driven by one of our large European banking clients, partially offset by a decrease in growth of revenue from several of our top ten clients, primarily in our healthcare industry group and decrease in revenue from our C&T industry group. Revenue from North American clients in the three months ended December 31, 2020 increased by $5.3 million, or 2.1%, as compared to the three months ended December 31, 2019, particularly due to revenue from several tuck-in asset and business acquisitions closed in the fiscal year ended March 31, 2020 partially offset by decrease in revenue from clients in our healthcare industry group. Revenue from European clients increased by $4.0 million, or 7.3%, as compared to the three months ended December 31, 2019, primarily due to an increase in revenue from one of our large banking clients. We had 230 active clients at December 31, 2020, as compared to 216 active clients at December 31, 2019.

Content analysis

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Positive
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H.S. senior Avg
New words: accomplish, anchored, BFSI, CCI, commercial, culturally, Defense, DSO, endedDecember, framework, human, previously, reward, teamwork, training, undiscounted, unresolved, waiver
Removed: dispute, fully, guarantee, lose, prevail, reserved, skilled, stated, unsuccessful, zealously