Virtusa revenue hits $ 248m mark in 2Q | Sunday Observer

Virtusa revenue hits $ 248m mark in 2Q

Westborough, MA – Virtusa Corporation, a global business consulting and IT outsourcing company, reported consolidated financial results for the second quarter fiscal 2018, ended September 30, 2017.

Revenue for the second quarter of fiscal 2018 was $248.2 million, an increase of 9.2% sequentially and 18.1% year-over-year. On a constant currency basis, second quarter revenue increased 8.6% sequentially and 17.9% year-over-year. Kris Canekeratne, Virtusa’s Chairman and CEO, stated, “Our strategy to expand our addressable market by investing in industry leading digital engineering services, operational excellence, and industry solutions is playing out well for us.”

Ranjan Kalia, Chief Financial Officer, said, “We generated double-digit sequential and year-over-year operating income growth.”