Press Release

October 25, 2004

Virtusa Announces Record Second Quarter Results

Company Reports Its Thirteenth Consecutive Quarter of Growth

Westborough, Mass. – Oct 25, 2004 – Virtusa Corporation, a global provider of software development and related IT services, today reported its second quarter results ending September 30, 2004.

  • Virtusa continued its revenue and headcount growth in Q2 2004, making the second quarter Virtusa’s thirteenth consecutive quarter of quarter over quarter growth in both categories;
  • Virtusa initiated eight new client relationships and expanded its client base in vertical industries such as Financial Services, Communications, Retail, and Software Products.

“Companies are constantly looking for ways to improve their profitability and effectiveness through IT consolidation and rationalization,” said Kris Canekeratne, Chairman and CEO of Virtusa. “Virtusa’s highly differentiated capabilities in building agile, mission critical software platforms have helped our clients achieve those goals and have been the key driver to our continued growth.”

Virtusa designs and develops custom-built software platforms that meet a client’s specific needs. By harvesting and consolidating the existing assets and creating new assets that are leveraged across multiple initiatives, Virtusa enables IT organizations to reduce their operational costs and increase business agility.

“Virtusa’s consistent track record is due to our world-class team of software professionals who are so dedicated to create client delight through thought leadership and delivery execution. We look forward to broadening our portfolio of innovative services and deepening our client relationships,” added Canekeratne.


About Virtusa

Virtusa Corporation is a global provider of digital engineering and technology services and solutions for 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 35,000 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:

Alex Nickols
+1 (415) 430-8056

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