Financial Results:

Q1 FY20

VRTU (Common Stock)

Exchange:
NASDAQ
Price:
36.99
Change (%):
1.45
Volume:
465761
Today's Open:
36.23
Previous Close:
36.46
Intraday High:
37.55
Intraday Low:
37.55
52 Week High:
58.6
52 Week Low:
31.99
Data as of 08/23/19 04:08 pm UTC
GET Q1 FY20 RESULTS

Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of Digital Business Transformation, Digital Engineering, and Information Technology (IT) outsourcing services that accelerate our clients’ journey to their Digital Future. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Telecommunications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

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Financial News

News Title
Date
View
Virtusa Announces First Quarter Fiscal 2020 Consolidated Financial Results
Aug 08, 2019
Virtusa Announces Date of First Quarter 2020 Financial Results Release, Conference Call and Webcast
Jul 25, 2019
Virtusa to Present at the 46th Annual Cowen Technology, Media & Telecom Conference
May 23, 2019
Virtusa Announces Fourth Quarter and Fiscal Year 2019 Consolidated Financial Results
May 15, 2019
Virtusa to Present at the J.P. Morgan Global Technology, Media and Communications Conference
May 09, 2019

Company Information

Accellerating Business Outcomes.

  • Al-Noor Ramji

    Al-Noor Ramji was inducted to our board of directors in February 2011. Since April 2010, Ramji has been the executive vice president and general manager, Misys Banking, at Misys PLC, a mid size software company that serves the financial services industry. From May 2004 to March 2010, Ramji served in many executive roles at British Telecom, most recently as chief executive officer for BT Innovate and Design and chief information officer of BT Group plc. Prior to British Telecom, Ramji was executive vice president, chief information officer and chief e-commerce officer for Qwest Communications. Ramji has also served as chief information officer at UBS (then called SBC) and as global head of operations at Credit Suisse First Boston prior to that. Ramji has served as a non-executive director on the boards of Misys Software, Tech Mahindra and the HP Advisory Board. He is currently serving on the Board and as a member of the compensation committee of iSoftStone, a leading Chinese based global technology outsourcer. Ramji is a Chartered Financial Analyst and holds a BSc in Electronics from the University of London. He is a multi-year winner of the CIO 100 Award, CIO Insight IT Leader of the Year 2009 and the British Computer Society CIO of the Year.

    Vikram S. Pandit

    Vikram S. Pandit is a member of our board of directors. He has served as Chairman and Chief Executive Officer of The Orogen Group LLC, an operating company he created with Atairos Group, Inc. that makes control and other strategic investments in financial services companies and related businesses. Mr. Pandit has more than 35 years of professional experience and previously was Chief Executive Officer and a member of the Board of Directors of Citigroup Inc. from December 2007 until October 2012. In July 2007, when Citigroup acquired Old Lane LLC, a hedge fund of which he was a founding member and Chairman of the members committee since 2006, Mr. Pandit became Chairman and CEO of Citi Alternative Investments and later led Citi’s Institutional Clients Group prior to being appointed CEO of Citigroup. Prior to Old Lane, Mr. Pandit served as the Chief Operating Officer of Institutional Securities and Investment Banking businesses, a Division of Morgan Stanley, from September 2000 to March 2005. He served as the President of Institutional Securities at Morgan Stanley from December 2003 to March 2005 and Co-President since September 2000. Mr. Pandit began his career at Morgan Stanley in 1983.

    Mr. Pandit currently serves as an Independent Director of Bombardier Inc. since 2014. He serves as a Member of Advisory Board of NerdWallet, Inc. since 2015. Mr. Pandit serves as a Member of the Board of Overseers of Columbia Business School. He serves as a Member of the Governing Board of The Indian School of Business. Mr. Pandit previously served as a Director of The Nasdaq OMX Group, Inc. [Nasdaq: NDAQ] from 2000 to 2003. Mr. Pandit also served as a Director of the Institute of International Finance, Inc. He holds an MS degree and a BS degree in Electrical Engineering from Columbia University and received his PhD in Finance from Columbia.

    William K. O'Brien

    William K. O'Brien has served as a director since November 2008. O'Brien served as chief executive officer of Enterasys Networks from April 2002 until March 2006 and was named executive chairman of the board in 2004. Prior to Enterasys, O'Brien worked for over thirty years at PricewaterhouseCoopers LLP, where he served in a number of roles including chief operating officer of the former Coopers & Lybrand, with responsibility for the audit, tax and financial advisory components of the U.S. business; managing partner for the Boston office; and deputy chairman in the New York-based National office, responsible for international operations and the development of core competitive competencies. He currently serves on the board of directors of Camp Dresser & McKee and Mercury Computer Systems, Inc. He is a graduate of Bentley College.

    Barry R. Nearhos

    Barry R. Nearhos has served as a director since March 2016. Mr. Nearhos has over 35 years of experience with PricewaterhouseCoopers (“PwC”) providing assurance, business advisory and other services to clients across multiple industries, including technology, life sciences, telecom, and manufacturing. Before his retirement from PwC in June 2015, Mr. Nearhos was Market Managing Partner for PwC’s Northeast region, responsible for directing the strategy and operations of the firm’s Boston, Hartford and Albany offices. During his tenure, Mr. Nearhos also served as the leader of PwC’s Northeast Assurance practice, a position he held from 2005 until 2008, and as a partner in PwC’s Assurance practice from 1989 to 2005. He currently serves on the board of directors of Eastern Bank, an independent, mutual bank providing banking, investment and insurance services. Mr. Nearhos is a graduate of Boston College.

    Rowland T. Moriarty

    Rowland T. Moriarty has served as a member of our board of directors since July 2006. Moriarty is currently chairman of the board of directors of CRA International, Inc., a worldwide economic and business consulting firm. Moriarty also serves as a member of the board of directors of Wright Express Corporation and Staples Inc., Moriarty has been the president and chief executive officer of Cubex Corporation, a privately-held consulting company, since 1981. From 1981 to 1992, Moriarty was Professor of Business Administration at Harvard Business School. He received a D.B.A. from Harvard University, an Masters in Business Administration from the Wharton School of Business and a B.A. from Rutgers University.

    Deborah C. Hopkins

    Deborah C. Hopkins is a member of our board of directors. Ms. Hopkins was founder and Chief Executive Officer of Citi Ventures and as Citigroup’s Chief Innovation Officer from 2003 until her retirement at the end of 2016. Prior to joining Citi, she was Chief Financial Officer at the Boeing Company and Lucent Technologies. She also held senior-level positions at General Motors and Unisys Corporation. Ms. Hopkins is a member of the Board of Directors at Union Pacific and Marsh & McLennan and serves on the Advisory Boards of Riverwood Capital Partners, VentureWell, Marto Capital, and Sales Hero, and an Executive Fellow at the University of California Berkeley’s Haas School of Business. She serves on the Board of St. John’s Hospital Foundation and is a Trustee at Silicon Couloir, both located in Jackson, Wyoming. She is a former director of Qlik Technologies, E.I. DuPont de Nemours & Company and Dendrite International. Ms. Hopkins holds honorary doctorates from Westminster College and Walsh College and a B.A. in Accounting from Walsh College.

    Joseph Doody

    Joseph Doody joined the Virtusa board in February 2017. He has over 40 years of professional experience most recently serving as Vice Chairman of Staples, Inc. where he lead Staples’ strategic reinvention and had responsibility for strategic planning, business development, and the company’s operations in Australia, New Zealand and high-growth markets. Mr. Doody retired from staples in September 2017. Previously, Mr. Doody was President of North American Commercial for Staples, President of Staples Contract & Commercial, and President of North American Delivery. Before joining Staples in 1998, Mr. Doody served as President of Danka Office Imaging in North America and held various managerial positions with Eastman Kodak Company. Mr. Doody currently serves on the Board of Directors of Casella Waste Systems, Inc. (NASDAQ:CWST), an integrated regional solid waste services company and Paychex, Inc. (NASDAQ:PAYX), a leading provider of solutions for payroll, HR, retirement, and insurance services. Mr. Doody holds a B.S. in Economics from State University of New York at Brockport and an M.B.A. from the Simon School of Business, University of Rochester.

    Izhar Armony

    Izhar Armony has served as a member of our board of directors since April 2004. Armony has been a partner at Charles River Ventures, a venture capital investment firm, since 1997. Armony is also a member of the Advisory Board of the Invention Science Fund. Prior to joining Charles River Ventures, Armony was with Onyx Interactive, an interactive training company based in Tel Aviv where he served as vice president of marketing and business development. Armony also served as an officer in the Israeli Army. Armony received an Masters in Business Administration from the Wharton School of Business and an M.A. in Cognitive Psychology from the University of Tel Aviv in Israel.

    Kris Canekeratne

    Chairman and Chief Executive Officer

    Kris A. Canekeratne, one of our co-founders, has served as chairman of our board of directors from our inception and chief executive officer from 1996 to 1997 and from 2000 to the present. As Chief Executive Officer, he plays a key role in defining the company strategy and using technology and innovation continuously to maintain its leadership in the industry. In 1997, Kris Canekeratne co-founded eDocs, Inc., a provider of electronic account management and customer care, later acquired by Oracle Corporation. In 1989, Kris Canekeratne was one of the founding team members of INSCI Corporation, a supplier of digital document repositories and integrated output management products and services and served as its senior vice president from 1992 to 1996. Canekeratne obtained his B.S. in Computer Science from Syracuse University.

    Executive leadership
  • LIST OF DOCUMENTS

    Title
    Description
    Action
    2019 Annual Report
    Aug 09, 2019
    2019 Annual Report
    Aug 09, 2019
    Q120 Earnings Presentation
    Aug 08, 2019
    Q120 Analyst Data Sheet
    Aug 08, 2019
    Analyst Data Sheet
    Aug 08, 2019

Investor Calendar

Key Dates of the Virtusa Financial Calendar

Event
Date
Add to Calendar
First Quarter 2020 Earnings Call
Aug 08, 2019
First Quarter 2020 Earnings Call
Aug 08, 2019
Virtusa Corp at the 46th Annual Cowen Technology, Media & Telecom Conference
May 30, 2019

Note: All future dates are indicative only and are subject to change

Investor Contacts

Have Virtusa investment questions? Get answers.

Primary Investor Contact

William Maina

ICR

Direct toll number:

508-389-7272

Toll free number:

866-378-6929 *7272

E-mail:

InvestorRelations@virtusa.com

Transfer Agent

Computershare Trust Company, N.A

Po Box 43070

Providence, RI 02940-3070

Direct toll number:

303-262-0600

Legal

Goodwin Procter LLP

Exchange Place

Boston, MA 02109-2881

Independent Registered Public Accountants

KPMG LLP

Two Financial Center

60 South Street

Boston, MA 02111

Corporate website:

http://www.kpmg.com

Media Contacts

Kirsten Paragona

Global Head of Media Relations

Phone:

978-434-7319

E-mail:

kparagona@virtusa.com

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