Luxoft announced financial results for three and six months ended September 30, 2015

BVI-registered company Luxoft Holding, Inc., providing software and innovative IT solutions globally, reported financial results for the three and six month periods ended September 30, 2015. For the three months, company’s revenue increased to US$161.5 million – that is 29.1 per cent higher than in the same period last year, when company’s revenue was US$125.1 million. US GAAP net income was US$23 million in, or US$0.67 per diluted share, as compared to US$17.6 million or US$0.54 per diluted share for the same period a year ago. Non-GAAP net income of the Luxoft Holding was US$28.6 million, or US$0.84 per diluted share, compared to US$19.0 million and US$0.58 per diluted share for the same period a year ago. Adjusted EBITDA was US$37.0 million and corresponding margins of 22.9 per cent, as compared to US$24.4 million and US19.5 per cent respectively in the year-ago quarter and US$27.2 million.

BVI company’s revenues generated in the US increased by 2.9%, the UK revenues increased by 55.4%, and Germany revenues increased 24.0%, as compared to the first six months of the previous year. Thus, the company generated approximately 7.1 per cent increase in revenue per delivery employee.

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