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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 is a global product and platform engineering services company that makes experiences better with technology. We help organizations grow faster, more profitably, and more sustainably by reimagining enterprises through domain-driven solutions. We combine strategy, design, and engineering, backed by unmatched expertise at the intersection of industry, business, and technology to generate real-world business impact for clients.

Headquartered in Massachusetts with global delivery centers, Virtusa provides a broad range of services, solutions, and assets, including strategy and design, AI advisory and services, digital engineering, data and analytics, digital assurance, cloud and security, and managed services across industries such as financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology.

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

 

About Virtusa

Virtusa is a global product and platform engineering services company that makes experiences better with technology. We help organizations grow faster, more profitably, and more sustainably by reimagining enterprises through domain-driven solutions. We combine strategy, design, and engineering, backed by unmatched expertise at the intersection of industry, business, and technology to generate real-world business impact for clients.

Headquartered in Massachusetts with global delivery centers, Virtusa provides a broad range of services, solutions, and assets, including strategy and design, AI advisory and services, digital engineering, data and analytics, digital assurance, cloud and security, and managed services across industries such as financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology.

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

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