Virtusa Corp. has provided financial guidance for its fiscal first quarter and fiscal year 2019.
For its fiscal first quarter, the company projects revenue in the range of $293.5 million to $301.5 million, GAAP EPS of 9 cents to 13 cents and non-GAAP EPS of 45 cents to 51 cents.
The S&P Capital IQ consensus normalized EPS estimate for the company's fiscal first quarter 2019 is 42 cents.
For fiscal year 2019, revenue is expected to be in the range of $1.23 billion to $1.27 billion. GAAP EPS is projected to be in the range of 50 cents to 66 cents, while non-GAAP EPS is expected to be in the range of $2.08 to $2.32.
The S&P Capital IQ consensus normalized EPS estimate for fiscal year 2019 is $2.23.
The company also provided results for the 2018 fiscal fourth quarter ended March 31, reporting non-GAAP net income available to common shareholders of $17.2 million, or 55 cents per share, compared with $12.9 million, or 43 cents per share, in the year-ago period.
The S&P Capital IQ consensus normalized EPS estimate for the fiscal fourth quarter was 55 cents.
For fiscal year 2018, the company had non-GAAP net income available to common shareholders of $49.5 million, or $1.63 per share, compared with $37.6 million, or $1.25 per share, in the prior year.
The S&P Capital IQ consensus normalized EPS estimate for the fiscal year was $1.63.
