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%.

Earnings this week : November 12 - 16, 18 (wk 46)

Earnings confirmed to report this week:

Monday (Nov 12) 

• Morning: ACB ACM ATHM
• Afternoon:  APU EB EQH EXPI FOCS HUYA KRNT NVGS TDW UGI VERI YRD YY

Tuesday (Nov 13)

• Morning:   AAP ARMK BZH CAE DQ EPC EYE GDS HD TSN
• Afternoon:  AMRS CDLX CWK HI HOLI MTSI ORIG PETQ REZI SSTI SVMK SWCH TLRY VREX WIX

Wednesday (Nov 14)

• Morning:  APRN BPMP CGC CVIA GOOS LX M MTOR QIWI
• Afternoon: CPA CSCO NTAP NTES PRSP SFS VIPS WPM ZTO

Thursday (Nov 15)

• Morning: BERY BRC CSIQ CUB DDS ENR JCP LXFT MANU SPH SR TK TNK WMT WUBA
• Afternoon: AMAT CRMT DWCH ESE GLOB HTHT JWN MATW  NGVC  NVDA POST SCVL SONO WAIR WSM

Friday (Nov 16)

• Morning: HP FRO  VIAB

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."