BVI-registered company Luxoft Holding, Inc, providing software development services and IT solutions, reported financial results for the three months ended June 30, 2015. Company’s US GAAP revenue for this period was US$148.1mln, which is 31.8 per cent higher than in the same period of 2014, on the reporting currency basis, and 45.6 per cent higher on the constant currency basis. Non-GAAP net income was US$20.6mln, or US$0.61 per diluted share – an increase of 40.9 per cent over the same quarter of the last year. Diluted earnings per share (EPS) on an US GAAP basis was US$0.43 (US$0.38 in the same quarter 2014).
The BVI holding also released an outlook for the financial year ending March 31, 2016, having increased its original revenue and EPS guidance. Luxoft expects its revenue to reach at least US$640.3mln, which is 23 per cent higher than in the previous fiscal year, compared to at least US$625mln, an increase of at least 20.0 per cent year over year and 26 per cent in constant currency. Diluted EPS is expected to reach at least US$2.02 on an US GAAP basis, as compared to US$2.00 previously. Fully diluted EPS is expected to reach at least US$2.55 on a non-GAAP basis, compared to US$2.52 previously.