- Luxoft (NYSE:LXFT) has jumped to new 52-week highs after beating FQ2 estimates and respectively upping its FY16 (ends March '16) revenue and EPS guidance to "at least" $645.5M and $2.60, up from "at least" $640.3M and $2.55.
- The FY16 consensus was higher, at $661.9M and $2.76. However, strong forex pressures have led to low near-term expectations: FQ2 revenue rose 29.1% Y/Y in dollars, and 39.5% in constant currency.
- Four new "high potential accounts" were landed during the quarter, and revenue from the tech, financial services, automotive/transport, and telecom markets respectively rose by 57.5%, 34.6%, 29.8%, and 26.1% over FQ1 and FQ2. GAAP SG&A spend rose 28% Y/Y in FQ2 to $39.6M, nearly even with revenue growth.
- FQ2 results, PR