The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Feb 9, 2021. Its latest SEC filing is a 4 from Jun 21, 2021.
10-Q for Q3 FY2021, filed Feb 9, 2021
The sections below describe the company as of the FY2020 annual report.
Provides digital engineering and IT outsourcing services to large enterprises in financial services, healthcare, and technology.
10-K for FY2020, filed May 28, 2020Virtusa Corporation (the “Company”, “Virtusa”, “we”, “us” or “our”) is a global provider of digital engineering and information technology…View ↗
We provide our IT services primarily to enterprises engaged in the following industries: communications and technology (“C&T”); banking…View ↗
Communications and technology. For our communications clients, we focus on customer service, sales and billing functions, and regulatory…View ↗
Banking, financial services and insurance. We provide services to clients in the retail, wholesale and investment banking areas, financial…View ↗
Media and information. We focus primarily on solutions involving electronic publishing, online learning, content management, information…View ↗
Virtusa earns fees as it performs consulting and IT services: fixed-price project work is measured against work performed, while time-and-materials work is billed for services rendered.
10-K for FY2020, filed May 28, 2020The Company generally recognizes revenue for services over time as the Company’s performance creates or enhances an asset that the customer…View ↗
The Company generally recognizes revenue for services over time where the Company performance does not create an asset with an alternative…View ↗
The Company generally recognizes revenue for time and material contracts over time as the customer simultaneously receives and consumes the…View ↗
$1.3B
10-K for FY2020, filed May 28, 2020
$1.3B ↗
Large enterprises in financial services and healthcare, along with other consumer-facing companies, buy services directly; software-company alliances also bring work serving those companies’ customers.
10-K for FY2020, filed May 28, 2020We market and provide our services to companies in North America, Europe and Asia. For additional discussion regarding geographic…View ↗
Our global sales, marketing and business development teams seek to develop strong relationships with IT and business executives at…View ↗
Strategic alliances. We have strategic alliances with software companies, some of which are also our clients, to provide services to their…View ↗
Yes. It kept 4 cents of every revenue dollar as net income in FY2020 and turned 5 cents into free cash flow.
10-K for FY2020, filed May 28, 2020
$80.2MView ↗
10-K for FY2020, filed May 28, 2020
$47.9MView ↗
10-K for FY2020, filed May 28, 2020
$66.9MView ↗
10-Q for Q3 FY2021, filed Feb 9, 2021
$25.4MView ↗
8-K, filed Feb 11, 2021
SOUTHBOROUGH, Mass. – February 11, 2021 – Baring Private Equity Asia and its affiliated funds (“BPEA”) today announced that BPEA has…View ↗
8-K, filed Sep 11, 2020
On September 9, 2020, Virtusa Corporation, a Delaware corporation (the “Company”), Austin HoldCo Inc., a Delaware corporation and entity…View ↗
Grew.
Revenue grew 29% in 2 years, from $1B in FY2018 to $1.3B in FY2020, about 13% a year.
10-K for FY2020, filed May 28, 2020
Innovation labs broadened
The older report describes a FinTech Lab for financial services plus separate labs for insurance and healthcare; the latest report describes xLabs serving media and telecommunications as well, through an open innovation platform.
10-K for FY2017, filed May 26, 2017 10-K for FY2020, filed May 28, 2020New advances in areas like internet of things ("IoT"), artificial intelligence ("AI"), machine learning ("ML"), and robotics process…View ↗
Virtusa’s xLabs is focused on tapping into the disruptive startup ecosystem and the innovative, cutting-edge technologies driving these…View ↗
Competes with Cognizant Technology Solutions, HCL Technologies, Infosys Technologies, Capgemini, Tata Consultancy Services, Tech Mahindra, Wipro, Accenture, Computer Sciences, Deloitte Consulting, and IBM
10-K for FY2020, filed May 28, 2020offshore IT outsourcing firms, such as Cognizant Technology Solutions Corporation, HCL Technologies Limited, Infosys Technologies Limited…View ↗
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