Luxoft Holding, Inc., a leading provider of software development services and innovative IT solutions, reported financial results for the three and nine months periods ended December 31, 2015. For the three months ended December 31, 2015, company’s revenue increased and made US$171.9 million, 18 per cent up as compared to US$145.8 million in the same period last year. Adjusted EBITDA was US$32.8 million with corresponding margins of 19.1 per cent, as compared to US$35.6 million and 24.4 per cent, respectively, in the same quarter last year.
For the nine months ended December 31, 2015, revenue of the BVI company increased by 25.7 per cent, from US$383.2 million in the same period a year ago to US$481.5 million this year.
According to company’s outlook for the year ending March 31, 2016, revenue is expected to reach at least US$645.5 million, which is 24 per cent increase year over year. Also, the financial year is epected to be finished with the effective tax rate between 14.3 per cent and 15 per cent.