Monthly Archives: February 2015

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.