- 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%.