Financial Results:

Q4 FY20

VRTU (Common Stock)

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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
Virtusa Provides Update on Governance and Board Refreshment to Enhance Shareholder Value
Jun 19, 2020
Virtusa to Present at the J.P. Morgan 48th Annual Global Technology, Media and Communications Conference
May 13, 2020
Virtusa Announces Fourth Quarter and Fiscal Year 2020 Consolidated Financial Results
May 13, 2020
Virtusa Announces Date of Fourth Quarter and Fiscal Year 2020 Financial Results Release, Conference Call and Webcast
May 04, 2020
Virtusa Withdraws Fiscal Fourth Quarter and Full Year 2020 Financial Guidance
Mar 26, 2020

Company Information

Accelerating Business Outcomes.

  • 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.

    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. 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.

    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.

    Deborah C. Hopkins

    Deborah C. Hopkins has served as a member of our board of directors since September 2018. Ms. Hopkins was founder and Chief Executive Officer of Citi Ventures and as Citigroup’s Chief Innovation Officer from May 2008 until her retirement at the end of 2016. Ms. Hopkins joined Citi in 2003 as Head of Corporate Strategy and M&A, and was later appointed to Chief Operations and Technology Officer. Prior to joining Citi, she was Chief Financial Officer at the Boeing Company and Lucent Technologies, General Auditor of General Motors before being named Vice President of Finance at General Motors Europe, and Corporate Controller at Unisys. She started her career at Ford. Ms. Hopkins is a member of the Board of Directors at Union Pacific, Marsh & McLennan and privately held cybersecurity company, Deep Instinct. Ms. Hopkins serves on the Advisory Boards of M3 Biotechnology Inc. and Sales Hero, and is an Executive Fellow at the University of California Berkeley’s Haas School of Business. She is Treasurer at 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.

    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 WEX Inc (formerly Wright Express Corporation). 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.

    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 an audit partner in PwC’s Assurance practice from 1989 to 2005. He currently serves on the board of directors of Mercury Systems, Inc., a leading commercial provider of secure processing subsystems for a wide variety of critical defense and intelligence programs. Mr. Nearhos is a graduate of Boston College.

    William K. O'Brien

    William K. O'Brien has served as a director since November 2008. O'Brien served as executive chairman at Enterasys Networks, a public technology company, from 2003 until his retirement in 2006. He served as chief executive officer of Enterasys from April 2002 until March 2004 and as a member of the board of directors of Enterasys from 2002 to 2006. 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 a global managing partner of PricewaterhouseCoopers. He currently serves on the board of directors of Mercury Computer Systems, Inc., a leading commercial provider of secure processing subsystems for a wide variety of critical defense and intelligence programs. He has previously served on other public company boards.He is a graduate of Bentley College.

    Vikram S. Pandit

    Vikram S. Pandit has served as a member of our board of directors since May 2017. Mr. Pandit has more than 35 years of professional experience and since July 2016 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. Pandit 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 has been a Member of Board of Directors at ExlService Holdings, Inc. since October 2018 and 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 and as a member of the Board of Visitors of the Columbia School of Engineering and Applied Science. 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.

    Al-Noor Ramji

    Al-Noor Ramji was inducted to our board of directors in February 2011. Mr. Ramji is currently the Group Chief Digital Officer of Prudential plc since January 2016. Prior to joining Prudential plc, Mr. Ramji was chief strategy officer of Calypso Technology, Inc., a global application software provider that sells an integrated suite of trading and risk applications to the capital markets function within banks and other financial institutions, a position he has held since March 2014. From April 2010 to June 2013, Ramji was 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 various 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 prior to UBS, as global head of operations at Credit Suisse First Boston. 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.

    Executive leadership

    Compensation Committee
    Apr 10, 2019
    Audit Committee
    Apr 10, 2019
    Nominating and Corporate Governance Committee
    Apr 10, 2019
    Audit Committee Complaint Procedures
    Apr 02, 2019
    Policy Governing Director Qualifications and Nominations
    Apr 02, 2019

Investor Calendar

Key Dates of the Virtusa Financial Calendar

Add to Calendar
Virtusa Corp at the J.P. Morgan Global Technology, Media and Communications Conference
May 14, 2020
Q4 2020 Virtusa Corp Earnings Conference Call
May 13, 2020
Third Quarter 2020 Earnings Call
Feb 06, 2020

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


Direct toll number:


Toll free number:

866-378-6929 *7272


Transfer Agent

Computershare Trust Company, N.A

Po Box 43070

Providence, RI 02940-3070

Direct toll number:



Goodwin Procter LLP

Exchange Place

Boston, MA 02109-2881

Independent Registered Public Accountants


Two Financial Center

60 South Street

Boston, MA 02111

Corporate website:

Media Contacts

Kirsten Paragona

Global Head of Media Relations




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