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Virtusa reports 32% revenue bump, but $7.4M in Q1 losses

Southborough global IT firm Virtusa is facing a $7.4-million loss in its first quarter despite its revenues jumping 32 percent year-over-year and 6.6 percent sequentially.
The losses come from foreign currency transactions and interest, according to the company’s earnings report, which listed expenses of $10.7 million and $4.2 million, respectively. 
On a per-share basis, the quarter was a loss of $0.2 ...

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