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Luxoft Holding revises FY'18 outlook

Luxoft Holding Inc. updated its outlook for its financial year ending March 31, 2018.

The company now expects revenue for the financial year to be at least $920 million, down from the initially announced $943 million. Adjusted EBITDA margin is projected to be between 15.5% to 16.5%, compared with the previous guidance of 17.0% to 19.0%.

The company now anticipates GAAP EPS of at least $1.53 and non-GAAP EPS of at least $2.85 for the year. Previously, the company anticipated GAAP EPS of at least $1.90 and non-GAAP EPS of at least $3.26 for the period.

The S&P Capital IQ consensus normalized EPS estimate for the year is $2.86.