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VIRTUSA CORP (EXLS)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-20Mar-31-19Mar-31-18Mar-31-17Mar-31-16Mar-31-15Mar-31-14Mar-31-13
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Time-and-materials  771.3738.3      
    Banking Financial Services and Insurance  753.0777.0      
    Application outsourcing  729.8672.6      
    Consulting  582.5575.2      
Total revenues  1,312.31,247.91,020.7858.7600.3479.0396.9333.2
            Revenue growth   [+]5.2%22.3%18.9%43.0%25.3%20.7%19.1%19.9%
Cost of goods sold  959.1884.7725.4621.0389.3304.4250.5215.9
Gross profit  353.1363.2295.2237.8211.0174.6146.4117.3
            Gross margin  26.9%29.1%28.9%27.7%35.1%36.4%36.9%35.2%
Selling, general and administrative  272.9292.9248.8219.4165.7122.0104.084.5
EBITDA   [+]112.899.373.944.261.866.153.941.9
            EBITDA margin  8.6%8.0%7.2%5.1%10.3%13.8%13.6%12.6%
Depreciation  17.917.617.416.311.09.18.16.5
EBITA  94.981.756.527.950.857.045.835.4
            EBITA margin  7.2%6.5%5.5%3.2%8.5%11.9%11.5%10.6%
Amortization of intangibles  14.711.410.19.55.54.43.42.6
EBIT   [+]80.270.346.418.445.352.642.432.9
            EBIT margin  6.1%5.6%4.5%2.1%7.5%11.0%10.7%9.9%
Interest expense, net   [+]17.015.53.43.6-4.8-5.3-3.7-3.0
Other income (expense), net   [+]-14.6-16.6-1.24.07.6-0.4-0.20.0
Pre-tax income  48.738.241.818.857.757.445.935.9
Income taxes  0.320.532.92.612.615.011.57.5
            Tax rate  0.6%53.6%78.6%13.6%21.9%26.1%25.1%20.8%
Minority interest  0.51.57.74.40.2   
Net income  43.611.8-2.711.944.842.434.428.4
            Net margin  3.3%0.9%-0.3%1.4%7.5%8.9%8.7%8.5%
   
Basic EPS   [+]$1.45$0.40($0.09)$0.40$1.53$1.48$1.32$1.14
Diluted EPS   [+]$1.42$0.38($0.09)$0.39$1.49$1.44$1.27$1.11
   
Shares outstanding (basic)   [+]30.029.829.429.729.228.826.124.9
Shares outstanding (diluted)   [+]30.730.729.430.230.029.627.025.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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