VRTU Profile
Virtusa Corporation (VRTU) is a global information technology services and consulting company that provides a range of digital transformation, application development, and IT consulting services to clients in various industries, including banking, healthcare, and telecommunications.
The company's services include digital strategy consulting, user experience design, cloud computing, data analytics, and software development. Virtusa Corporation has a global workforce of more than 25,000 employees and operates in over 20 countries worldwide.
Virtusa Corporation had a market capitalization of approximately $2.6 billion. The company reported total revenue of $1.1 billion for the fiscal year 2021, a decrease of 2.6% from the previous year. The decrease in revenue was primarily due to the impact of the COVID-19 pandemic on the company's clients and their businesses.
Despite the impact of the pandemic, Virtusa Corporation has continued to focus on innovation and growth, including the launch of new services and the expansion of its presence in key markets. The company has also continued to invest in its digital capabilities, including artificial intelligence, machine learning, and cloud-based technologies.
Investors should carefully consider the risks associated with investing in information technology services companies like VRTU, including market volatility, changes in technology and industry trends, and competition. They should also review the company's financial statements and other public disclosures to gain a better understanding of its financial performance and risks before investing. Consulting with a financial advisor can also help investors determine if VRTU is an appropriate investment for their portfolio.
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