Virtusa Q2 Profit Meets Estimate

(RTTNews) - Virtusa Corp. (VRTU) reported net income for the second quarter of $10.1 million or $0.34 per share, compared to $7.5 million or $0.28 per share for the year-ago quarter.

Revenue for the second quarter rose 25% to $117.70 million from $94.30 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.34 per share on revenue of $117.01 million for the second quarter.

Looking forward to the third quarter, the company forecasts revenue of $121.8 to $123.8 million and earnings of $0.39 to $0.41 per share. Analysts currently expect the company to earn $0.42 per share on revenue of $122.80 million for the third quarter.

For the fiscal year 2015, the company now forecasts revenue of $477.0 to $483.0 million and earnings of $1.47 to $1.53 per share. Previously, the company forecast revenue of $474.0 to $486.0 million and earnings of $1.46 to $1.58 per share. Analysts currently expect the company to earn $1.52 per share on revenue of $480.22 million for fiscal 2015.