Financial Results:

Q1 FY21

VRTU (Common Stock)

Exchange:
NASDAQ
Price:
39.715
Change (%):
1.44
Volume:
31162
Today's Open:
39.66
Previous Close:
39.15
Intraday High:
40.31
Intraday Low:
40.31
52 Week High:
52.81
52 Week Low:
19.48
Data as of 08/05/20 11:08 am UTC
GET Q1 FY21 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 2021 Consolidated Financial Results
Jul 30, 2020
Virtusa Announces Date of First Quarter 2021 Financial Results Release, Conference Call and Webcast
Jul 21, 2020
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

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. Mr. Armony has been a managing general partner at Charles River Ventures, a venture capital investment firm, since 1997. Prior to joining Charles River Ventures, Mr. Armony was with Onyx Interactive, an interactive training company based in Tel Aviv where he served as vice president of marketing and business development. Mr. Armony also served as an officer in the Israeli Army. Mr. Armony received an M.B.A. from the Wharton School of Business and an M.A. in International Studies from the University of Pennsylvania.

    Joseph Doody

    Joseph G. Doody has served as a director since February 2017. Mr. Doody has over 40 years of professional experience most recently serving as Vice Chairman of Staples, Inc. where he led Staples' strategic reinvention and had responsibility for strategic planning, business development, and the company's operations in Australia, New Zealand and high-growth markets including China and Brazil. Mr. Doody retired from Staples in September 2017. Previously, Mr. Doody was president of North American Commercial for Staples, president of North American Delivery and president of North America from 1998 to 2017. 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., an integrated regional solid waste services company and Paychex, Inc., 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 director since September 2018. Ms. Hopkins was the founder and CEO of Citi Ventures and Citi’s first chief innovation officer from May 2008 until her retirement on December 31, 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, Ms. Hopkins served as the 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 and McLennan Companies and the privately held cybersecurity company, Deep Instinct. She serves on the board of trustees at St. John’s Health located in Jackson, Wyoming. She is a former director of E.I. DuPont de Nemours & Company, Dendrite International and Qlik Technologies. 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 from 2008 to 2015. 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 2015. 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.

    Abidali Neemuchwala

    Abidali Neemuchwala joined our board of directors in June 2020. Mr. Neemuchwala has over 28 years of experience in the global IT services industry, most recently serving as CEO of Wipro. In 2015, he joined Wipro as its COO, and was soon promoted to CEO and then to Managing Director where he oversaw the company’s $8 billion in revenues and 185,000 employees. During his tenure with Wipro, Mr. Neemuchwala successfully developed and implemented strategies that focused on increasing the company’s digital-first and next generation capabilities, building a more diversified and profitable financial foundation, strengthening client partnerships, and driving deeper employee engagement. Prior to joining Wipro, Mr. Neemuchwala was a leader at Tata Consulting Services (TCS) from 1992 to 2015. He currently serves on the boards of the Texas Economic Development Corporation and the World Affairs Council of DFW and was a member of the Business Roundtable and the Indo-US CEO forum.

    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 Series A Director since May 2017. Mr. Pandit has over 35 years of professional experience and since July 1, 2016 has served as chairman and chief executive officer (“CEO”) of The Orogen Group LLC ("The Orogen Group"), an operating company he created with the Atairos Group, Inc. that makes control and other strategic investments in financial services companies and related businesses. Previously, Mr. Pandit was CEO 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 the 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 is a member of the board of overseers of Columbia Business School and a member of the board of visitors of the Columbia School of Engineering and Applied Science. He holds an M.S. degree and a B.S. degree in Electrical Engineering from Columbia University and received his Ph.D. 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
  • LIST OF DOCUMENTS

    Title
    Description
    Action
    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

Event
Date
WebCast
Add to Calendar
Q1 2021 Virtusa Corp Earnings Conference Call
Jul 30, 2020
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

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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