Virtusa Q3 Profit Rises; Issues Q4 Outlook - Quick Facts

(RTTNews) - Virtusa Corp. (VRTU) posted third-quarter net income to company of $9.3 million or $0.35 per share, compared to $7.4 million or $0.29 per share, last year.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $101.04 million from $86.47 million, last year, while six analysts expected revenue of $101.15 million for the quarter.

Looking ahead to the fourth quarter, the company expects earnings in the range of $0.33 per share to $0.37 per share and revenues of $110.3 million to $112.3 million. Analysts currently expect earnings of $0.37 per share on revenues of $109.54 million.

For fiscal 2014, the company expects earnings in the range of $1.26 per share to $1.30 per share and revenues of $396.2 million to $398.2 million. Analysts now expect earnings of $1.29 per share on revenues of $395.54 million.

Earlier, the company expected fiscal 2014 earnings in the range of $1.25 per share to $1.33 per share and revenues of $390.0 million to $396.0 million.