Virtusa corp (VRTU)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Revenue

335,107

328,501

319,024

327,631

314,681

305,520

300,031

281,341

263,809

248,174

227,345

225,962

217,209

210,089

205,471

171,853

150,603

143,002

134,844

126,016

122,996

117,700

112,274

111,100

101,043

94,301

90,489

89,949

86,474

80,535

76,217

74,231

72,184

70,311

61,045

58,294

55,606

52,676

51,403

Costs of revenue

236,427

238,584

234,735

230,364

221,461

216,346

216,481

197,342

183,420

178,404

166,279

160,174

154,847

152,369

153,560

111,540

96,908

93,500

87,362

79,722

77,144

74,968

72,588

68,407

63,821

60,503

57,802

57,672

55,698

52,902

49,594

47,786

46,271

45,395

37,982

36,105

34,169

32,335

31,887

Gross profit

98,680

89,917

84,289

97,267

93,220

89,174

83,550

83,999

80,389

69,770

61,066

65,788

62,362

57,720

51,911

60,313

53,695

49,502

47,482

46,294

45,852

42,732

39,686

42,693

37,222

33,798

32,687

32,277

30,776

27,633

26,623

26,445

25,913

24,916

23,063

22,189

21,437

20,341

19,516

Operating expenses:
Selling, general and administrative expenses

68,270

70,682

70,861

74,227

73,935

75,155

69,626

67,624

66,726

59,491

54,996

55,564

55,904

54,183

53,759

54,793

39,561

36,246

35,072

31,816

31,233

30,491

28,456

30,182

26,026

24,022

23,758

22,858

21,634

20,204

19,754

19,378

19,335

19,449

18,276

16,532

16,453

16,292

16,420

Income from operations

30,410

19,235

13,428

23,040

19,285

14,019

13,924

16,375

13,663

10,279

6,070

10,224

6,458

3,537

-1,848

5,520

14,134

13,256

12,410

14,478

14,619

12,241

11,230

12,511

11,196

9,776

8,929

9,419

9,142

7,429

6,869

7,067

6,578

5,467

4,787

5,657

4,984

4,049

3,096

Other income (expense):
Interest income

520

551

673

157

634

589

1,292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

640

532

435

367

Interest expense

4,873

4,835

4,908

4,799

4,597

4,514

4,254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency transaction gains (losses), net

-3,065

-3,437

1,202

-1,336

8,319

-9,355

-10,758

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-270

-533

-470

-163

Other, net

209

564

364

-3,952

-444

819

95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-62

-5

12

-42

Total other income (expense)

-7,209

-7,157

-2,669

-9,930

3,912

-12,461

-13,625

-5,582

2,843

-1,187

-625

5,485

-2,331

1,418

-4,125

7,476

1,653

1,830

1,390

1,221

1,360

1,257

994

1,116

1,155

105

1,136

945

574

241

1,240

922

780

445

400

308

-6

-23

162

Income before income tax expense

23,201

12,078

10,759

13,110

23,197

1,558

299

10,793

16,506

9,092

5,445

15,709

4,127

4,955

-5,973

12,996

15,787

15,086

13,800

15,699

15,979

13,498

12,224

13,627

12,351

9,881

10,065

10,364

9,716

7,670

8,109

7,989

7,358

5,912

5,187

5,965

4,978

4,026

3,258

Income tax expense

10,363

4,830

4,739

4,611

10,400

-402

5,864

6,163

24,427

1,500

798

3,939

-1,414

499

-463

488

4,474

4,000

3,687

4,149

4,200

3,384

3,221

3,580

3,023

2,403

2,543

1,272

2,312

1,907

1,970

2,191

1,764

1,224

1,232

739

772

310

206

Net income

12,838

7,248

6,020

8,499

12,797

1,960

-5,565

4,630

-7,921

7,592

4,647

11,770

5,541

4,456

-5,510

12,508

11,313

11,086

10,113

11,550

11,779

10,114

9,003

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,052

Less: net income attributable to noncontrolling interests, net of tax

118

146

186

138

221

455

731

1,747

2,134

2,824

989

1,305

1,106

1,242

746

218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income available to Virtusa stockholders

12,720

7,102

5,834

8,361

12,576

1,505

-6,296

2,883

-10,055

4,768

3,658

10,465

4,435

3,214

-6,256

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Series A Convertible Preferred Stock dividends and accretion

1,087

1,088

1,087

1,088

1,087

1,088

1,087

1,088

1,087

1,087

701

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income available to Virtusa common stockholders

11,633

6,014

4,747

7,273

11,489

417

-7,383

1,795

-11,142

3,681

2,957

10,465

4,435

3,214

-6,256

12,290

11,313

11,086

10,113

11,550

11,779

10,114

9,003

10,047

9,328

7,478

7,522

9,092

7,404

5,763

6,139

5,798

5,594

4,688

3,955

-

4,206

3,716

-

Net income per share of common stock:
Basic earnings per share available to Virtusa common stockholders (in dollars per share)

0.39

0.20

0.16

0.24

0.38

0.01

-0.25

0.06

-0.38

0.13

0.10

0.35

0.15

0.11

-0.21

0.42

0.39

0.38

0.35

0.40

0.41

0.35

0.32

0.36

0.36

0.29

0.30

0.36

0.30

0.23

0.25

0.23

0.23

0.19

0.16

0.21

0.18

0.16

0.13

Diluted earnings per share available to Virtusa common stockholders (in dollars per share)

0.38

0.20

0.15

0.24

0.37

0.01

-0.25

0.06

-0.38

0.12

0.10

0.34

0.15

0.11

-0.21

0.41

0.38

0.37

0.34

0.39

0.40

0.34

0.31

0.35

0.35

0.28

0.29

0.35

0.29

0.23

0.24

0.23

0.22

0.18

0.16

0.21

0.17

0.15

0.13

Foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-81

2,548

-1,317

Pension plan adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

153

11

71

Unrealized gain (loss) on available-for-sale securities, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

39

-83

Unrealized (loss) gain on effective cash flow hedges, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

125

-1,492

Total comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,926

6,439

231