Virtusa reported GAAP income from operations of $70.3 million for
fiscal year 2019, an increase from $46.4 million for
fiscal year 2018.
As a result, total sales for this segment remained substantially unchanged from the same period of the previous
fiscal year. Operating income decreased by 0.7 billion yen from the same period of the previous
fiscal year mainly due to a shift in project portfolios.
Compared with the previous
fiscal year, final consumption increased by 9%, capital formation increased by 9.8%, and exports increased by 11.4%.
About 18% of the PSDP will be funded by taking Rs126.7 billion in foreign loans in the next
fiscal year.
Total domestic automobile sales in the Japanese market for the
fiscal year 2019 experienced a year-on-year increase for the third consecutive year (since
Fiscal Year 2017).
Non-GAAP net income for the fourth quarter of
fiscal year 2018 was $232 million, or $1.67 per diluted share, compared to $248 million, or $1.66 per diluted share for the fourth quarter of
fiscal year 2017.
Export growth plunged from double digits in the first seven months of previous
fiscal year to 1.6 per cent in the same period of current
fiscal year.
But in a cash-based budget, contracts should be fully delivered and paid by the end of the
fiscal year.
It is estimated that the NHA will be receiving Rs84.21bn in terms of foreign loans for the
fiscal year 2018-19, whereas Pepco is estimated to obtain Rs32.36bn and the autonomous bodies Rs130.05bn.
About 17.4% of the PSDP will be funded by taking Rs180.3 billion worth of foreign loans in the next
fiscal year.
The figure will be 43 percent more compared to 21,320 tons of shrimp farmed in Iran the last
fiscal year.
GDP growth in the first half of the current 2017-18
fiscal year stood at 6.3 percent, falling short of an estimated 7 percent.