Luxoft Holding (LXFT) reported earnings on Thur 15 Nov 18 (b/o)

• Update 7 Jan 19:  In January 2019 Luxoft was acquired by DXC Technology (DXC) for $59 per share or about $2 billion.   DXC Technology was founded in 2017 as the result of the spin-off of Hewlett Packard Enterprise's Enterprise Service segment and its merger with Computer Sciences Corporation (CSC).

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** charts after earnings **

 

Luxoft Holding beats by $0.10, reports revs in-line; guides Q3 EPS below consensus, revs below consensus 

• Reports Q2 (Sep) earnings of $0.74 per share, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of $0.64; revenues rose 0.2% year/year to $228.41 mln vs the $227.67 mln S&P Capital IQ Consensus.
  • Adjusted EBITDA of $36.6 million and adjusted EBITDA margin of 16.0%, compared to $38.6 million and 16.9% in the year-ago quarter
  • Revenue by line of business was 54.9% Financial Services, 23.1% Digital Enterprise and 22.0% Automotive.
• Co issues downside guidance for Q3, sees EPS of $0.62-0.69, excluding non-recurring items, vs. $0.73 S&P Capital IQ Consensus; sees Q3 revs of $230-235 mln vs. $250.62 mln S&P Capital IQ Consensus.
  • Adjusted EBITDA is expected to be in the range of 14% to 15%.

Luxoft Holding (LXFT) reported earnings on Thur 24 May 18 (b/o)

Luxoft Holding, Inc. provides software development services and IT solutions to multinational corporations primarily in Europe and the United States.

• Zug, Switzerland
• Sector: Technology
• Industry: Software - Application
• Full Time Employees: 13,101
• http://www.luxoft.com

** charts after earnings **

 

Luxoft Holding misses by $0.01, beats on revs; guides Q1 revs below consensus 

• Reports Q4 (Mar) earnings of $0.59 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $0.60; revenues rose 14.1% year/year to $232.9 mln vs the $228.74 mln Capital IQ Consensus.
  • Co's top two accounts amounted to 34.1% of revenue, representing a 3.4 percentage-point decrease over the prior year. 
  • Co's top five accounts amounted to 46.8% of revenue, an annual 4.9 percentage-point decrease, and top ten accounts amounted to 56.3% of revenue, a 6.0 percentage point decrease.
• Co issues downside guidance for Q1, sees Q1 revs of $210-215 mln vs. $237.48 mln Capital IQ Consensus Estimate.

Co states, "For the first quarter of fiscal 2019, we expect revenue and adjusted EBITDA margin to be in the range of $210 to $215 million and 8.5% to 9.5%, respectively. Based on project timing, seasonality, ramp down of the large Financial Services account and planned expenses related to SG&A optimization, we expect this to be our slowest quarter and for growth to accelerate as we move through fiscal 2019."

Luxoft (LXFT) began trading on the NYSE on 26 June 2013

Luxoft Holding President and CEO Dmitry Loschinin rings the opening bell at the New York Stock Exchange to celebrate the company's IPO on June 26, 2013 in New York City.

Luxoft Holding, Inc. is a provider of software development services and information technology (IT) solutions to a global client base consisting primarily of large multinational corporations. The Company’s software development services consist of critical custom software development and support, product engineering and testing, and technology consulting. The Company focuses on six industry verticals: financial services; travel and aviation; technology; telecom; automotive and transport; and energy. The Company serves large multinational corporations primarily in Western Europe and North America that rely on its IT solutions and software development capabilities for many of their mission critical systems. The Company operates through a global dedicated delivery model. It provides its services and delivers its solutions from fourteen delivery centers located primarily in CEE, including in Russia, Ukraine, Romania and Poland.

Address

Akara Bldg, 24 De Castro Street Road Town, Wickhams Cay 1 PO Box 3136
TORTOLA,
Virgin Islands (British)

Website 

http://www.luxoft.com