Category Archives: Financial results of BVI Company Holdings

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.

Luxoft Holding announced financial results for the quarter ended June 30, 2015

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.

Thalassa Holdings announced purchase of shares by its chairman

The chairman of Thalassa Holdings, the BVI company focused on Energy services industry, purchased 50,000 shares of it for 51p each, having spent totally £25,000, and showing confidence in the holding group, although it has faced some challenges due to the collapse of the oil prices in the market.

As a result of the transaction, Soukup, which is the founding shareholder and chairman of the BVI group, is the holder of 3.49 million shares in it, representing 14.1 per cent of its total voting rights.

Last month, Thalassa Holdings announced pre-tax loss of US$12.23 million for year 2014, compared with profit of US$4.96 million in the year 2013. Also, company’s revenue fell by 49.1 per cent to US$15.5 million, following the drop in oil prices which started at the end of last year.

Luxoft announced financial results for three and nine month periods

Luxoft Holding, Inc., BVI-based provider of software development services and IT solutions to a global client base, reported financial results for the three and nine month periods ended December 31, 2014. For the three months period, revenue of the BVI company was US$145.8 million – 31.8 per cent increase if compared to the same period of the previous year, when Luxoft reported revenue in the amount of US$110.6 million. US GAAP net income was US$23.9 million, or US$0.73 per diluted share, as compared to US$17.7 million, or US$0.54 per diluted shares in the same period of 2013. Non-GAAP net income was $26.6 million, or $0.81 per diluted share, compared to $17.7 million and $0.54 per diluted share for the same period of 2013.

For the nine months ended December 31, 2014, Luxoft’s reported revenue increased to US$383.2 million – 31.2 per cent higher than in the same period of last year. Operating income was US$64.9 million – 40.2 per cent increase from US$46.3 million in the first nine months of 2013. US GAAP net income was US$54.1 million, or US$1.64 per diluted share, compared to US$40.8 million, or US$1.27 per diluted share for the same period of 2013. Non-GAAP net income was $60.2 million, or $1.82 per diluted share, compared to $44.4 million and $1.38 per diluted share for the same period a year ago.

The company confirmed that the expected revenue in the end of this financial year ending March 31, 2015, is to be at least US$510 million – that is 28% higher than in the previous year.