newsroom

Press Release

July 20, 2004

Virtusa Achieves its Twelfth Consecutive Quarter of Growth

Company Reports 78% Quarterly Revenue Increase from the Same Quarter Last Year

Westborough, Mass. – July 20, 2004 – Virtusa Corporation, a global provider of software development and related IT services, today reported its first quarter results ending June 30, 2004.

Highlights from the past twelve months include the following:

  • Virtusa posted its twelfth consecutive quarter of revenue and headcount growth
  • The first quarter revenue increased by 78% compared to the same quarter last year
  • Virtusa continued to expand its strong client base in Financial Services, Communications, Retail, and Software Products.

“We achieved record performance in the first quarter of our fiscal year, thanks to the dedicated efforts of our global team. Once again, the entire team achieved quarter-on-quarter growth by expanding relationships with our strategic accounts and acquiring new client accounts,” said Kris Canekeratne, Chairman and CEO of Virtusa. “In addition, we continued to see our Productization value proposition resonate with our clients who wanted to consolidate their existing silos of applications into agile, custom-built platforms. Through such IT asset consolidation and rationalization, Virtusa is helping businesses reduce their total cost of ownership and stimulate their revenue generation capabilities.”

 

About Virtusa

Virtusa Corporation is a global provider of digital engineering and technology services and solutions for Forbes Global 2000 companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide. At Virtusa, digital engineering is at the heart of everything we do. We are 30,000 builders, makers, and doers that partner with customers to reimagine enterprises and creatively build solutions to the most pressing business challenges that move them to the forefront of their industries.

Virtusa's unique Engineering First approach means never presenting an idea we can't execute. With deep industry expertise and empowered agile teams made up of world-class talent, we think about execution early in the process, because the earlier you think about execution the earlier an idea can have an impact. Solving from the inside out enables businesses to respond swiftly to changing needs with improved quality, lower costs, and lasting results.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact:

Paul Lesinski
Edelman
(971) 226-5299
paul.lesinski@edelman.com

Media Contact: 
Susan Hartzell/Liz Brady
Integrated Corporate Relations 
(203) 682-8200
sswadia@Virtusa.com 
liz.brady@icrinc.com

 

 

About Virtusa

Virtusa Corporation is a global provider of digital engineering and technology services and solutions for Forbes Global 2000 companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide. At Virtusa, digital engineering is at the heart of everything we do. We are 30,000 builders, makers, and doers that partner with customers to reimagine enterprises and creatively build solutions to the most pressing business challenges that move them to the forefront of their industries.

Virtusa's unique Engineering First approach means never presenting an idea we can't execute. With deep industry expertise and empowered agile teams made up of world-class talent, we think about execution early in the process, because the earlier you think about execution the earlier an idea can have an impact. Solving from the inside out enables businesses to respond swiftly to changing needs with improved quality, lower costs, and lasting results.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact:

Paul Lesinski
Edelman
(971) 226-5299
paul.lesinski@edelman.com

Media Contact: 
Susan Hartzell/Liz Brady
Integrated Corporate Relations 
(203) 682-8200
sswadia@Virtusa.com 
liz.brady@icrinc.com

 

Related content