U.S. Markets close in 2 hrs 34 mins

Free Post Earnings Research Report: Luxoft’s Quarterly Revenue Advanced 14.1%

Stock Monitor: QAD Inc. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 26, 2018 / If you want access to our free earnings report on Luxoft Holding, Inc. (NYSE: LXFT), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LXFT. Luxoft reported its fourth quarter and fiscal 2018 operating and financial results on May 24, 2018. The software and IT Company beat revenue estimates while earnings were in-line with market expectations. Additionally, the Company provided guidance for the upcoming quarter. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for QAD Inc. (NASDAQ: QADB), which also belongs to the Technology sector as the Company Luxoft Holding. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=QADB

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Luxoft Holding most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=LXFT

Earnings Highlights and Summary

For the fourth quarter ended March 31, 2018, Luxoft's revenue was $232.9 million, up 14.1% as compared to revenue of $204.1 million in Q4 FY17. The Company's reported numbers beat analysts' estimate of $228.1 million.

During Q4 FY18, Luxoft’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) totaled $29.4 million compared to $29.2 million in Q4 FY17. The Company's reported quarter adjusted EBITDA margin was 12.6%, compared to 14.3% in the year ago same quarter.

For Q4 FY18, Luxoft's GAAP net income was $11.7 million, or $0.34 per diluted, compared to net income of $13.7 million, or $0.30 per share, in Q4 FY17.The Company's reported quarter non-GAAP net income was $20.5 million, or $0.59 per diluted share, versus $21.5 million, or $0.63 per diluted share, in the year corresponding earlier quarter. Luxoft’s reported numbers met Wall Street's estimates of $0.59 per share.

For the fiscal year 2018, Luxoft reported revenue of $906.8 million, up 15.4% compared to revenue of $785.6 million in fiscal year 2017.

For FY18, Luxoft recorded GAAP net income of $57.0 million, or $1.66 per diluted share, compared to $62.6 million, or $1.84 per diluted share, in FY17. For FY18, the Company posted non-GAAP earnings of $2.81 per diluted share compared to $2.89 per diluted share in the year earlier same quarter.

Operating Details

As of March 31, 2018, Luxoft's total number of employees was 12,898. The Company's annual revenue per billable engineer was $84,923, up 10.5% from on a y-o-y basis.

During Q4 FY18, Luxoft’s top two accounts amounted to 34.1% of revenue, representing a 3.4 percentage-point drop compared to the year ago corresponding period. The Company'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 decline

Excluding Luxoft's top-two accounts, the Company's consolidated revenue increased 20.3% and its Financial Services’ surged 37.4%. This was Luxoft's 13th consecutive quarter of over 20% annual growth in Financial Services, excluding top-two accounts.

During Q4 FY18, Luxoft's revenue in APAC soared 103.2% to $13.1 million, while the Company's revenue from Europe advanced 34.9% to $84.7 million. For Q4 FY18, Luxoft’s revenue from North America totaled $71.5 million, down 9% on a y-o-y basis, and represented 30.7% of overall sales compared to 38.5% in the prior year's same quarter.

Outlook

For the first quarter of fiscal 2019, Luxoft is forecasting revenue and adjusted EBITDA margin to be in the range of $210 million 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, the Company expects Q1 FY19 to be its slowest quarter, and Luxoft is estimating growth to accelerate as it moves through fiscal 2019.

Stock Performance Snapshot

June 25, 2018 - At Monday's closing bell, Luxoft's stock slightly fell 0.97%, ending the trading session at $35.65.

Volume traded for the day: 122.69 thousand shares.

Stock performance in the last month - up 9.19%

After yesterday's close, Luxoft's market cap was at $1.21 billion.

Price to Earnings (P/E) ratio was at 21.39.

The stock is part of the Technology sector, categorized under the Application Software industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors