Virtusa

Cognitive Computing Market by Component, Deployment Mode, Business Function, Application, Technology, Industry Vertical and Region - Global Forecast to 2025

Thursday, March 26, 2020 - 9:30pm

The Cognitive Computing Market Size is Projected to Grow from USD 20.5 Billion in 2020 to USD 77.5 Billion by 2025, at a CAGR of 30.5%

Key Points: 
  • The Cognitive Computing Market Size is Projected to Grow from USD 20.5 Billion in 2020 to USD 77.5 Billion by 2025, at a CAGR of 30.5%
    The report comprehensively describes the factors impacting the growth of cognitive computing market.
  • It comprises market dynamics, such as drivers, restraints, opportunities, and challenges; use cases; and various industry standards, which affect the growth of the market.
  • Globally, companies are rapidly adopting cognitive computing technologies to gain a competitive edge in the market.
  • The key players in the cognitive computing market are Microsoft, IBM, SAS, Google, AWS, TCS, Cisco, and Virtusa.

Virtusa Withdraws Fiscal Fourth Quarter and Full Year 2020 Financial Guidance

Thursday, March 26, 2020 - 8:30pm

While the near-term impact of this global pandemic is difficult to assess, Virtusa currently expects that fiscal fourth quarter 2020 revenue will be at least $27.0 million below the mid-point of the Companys most recent guidance range of $353.4 million to $361.4 million.

Key Points: 
  • While the near-term impact of this global pandemic is difficult to assess, Virtusa currently expects that fiscal fourth quarter 2020 revenue will be at least $27.0 million below the mid-point of the Companys most recent guidance range of $353.4 million to $361.4 million.
  • In addition, Virtusa expects fiscal fourth quarter 2020 GAAP EPS and Non-GAAP EPS to be materially impacted as a result of the reduction in revenue.
  • Kris Canekeratne, Virtusas Chairman and CEO, stated, Our fiscal fourth quarter results were impacted by pandemic-related business interruptions and project delays, as well as elongated client decision making cycles.
  • We will continue to closely monitor the situation and assess the longer-term impact of COVID-19 on our business and financial performance and plan to provide additional updates when we report our fiscal fourth quarter 2020 results.

Insights on the Worldwide Cognitive Computing Market to 2025 - Featuring Google, Microsoft, IBM & SAS Among Others - ResearchAndMarkets.com

Thursday, March 26, 2020 - 2:45pm

The Cognitive Computing Market Size is Projected to Grow from USD 20.5 Billion in 2020 to USD 77.5 Billion by 2025, at a CAGR of 30.5%

Key Points: 
  • The Cognitive Computing Market Size is Projected to Grow from USD 20.5 Billion in 2020 to USD 77.5 Billion by 2025, at a CAGR of 30.5%
    The report comprehensively describes the factors impacting the growth of cognitive computing market.
  • It comprises market dynamics, such as drivers, restraints, opportunities, and challenges; use cases; and various industry standards, which affect the growth of the market.
  • Globally, companies are rapidly adopting cognitive computing technologies to gain a competitive edge in the market.
  • The key players in the cognitive computing market are Microsoft, IBM, SAS, Google, AWS, TCS, Cisco, and Virtusa.

The cognitive computing market size to grow at a CAGR of 30.5%

Tuesday, March 24, 2020 - 6:15pm

The major growth factors in the cognitive computing market are the increasing demand for intelligent business processes and growing use of deep learning technologies.

Key Points: 
  • The major growth factors in the cognitive computing market are the increasing demand for intelligent business processes and growing use of deep learning technologies.
  • Globally, companies are rapidly adopting cognitive computing technologies to gain a competitive edge in the market.The key players in the cognitive computing market are Microsoft, IBM, SAS, Google, AWS, TCS, Cisco, and Virtusa.
  • The report includes the study of the key players offering cognitive computing solutions.It profiles major vendors in the global cognitive computing market.
  • The market study covers the cognitive computing market across segments.It aims at estimating the market size and the growth potential of this market, across different segments, such as component, technology, business function, deployment mode, organization size, industry vertical, and region.

Virtusa Named as the Top Challenger in the Everest Group’s PEAK Matrix Service Provider of the Year 2020

Thursday, March 12, 2020 - 1:00pm

SOUTHBOROUGH, Mass., March 12, 2020 (GLOBE NEWSWIRE) -- Virtusa Corporation (NASDAQ GS:VRTU), aglobal provider of digital strategy, digital engineering, and IT services and solutionsthathelp clients change and disrupt marketsthrough innovation engineering, announced it was named the top IT Services Challenger Star Performer in Everest Groups PEAK Matrix Service Provider of the Year 2020 awards.

Key Points: 
  • SOUTHBOROUGH, Mass., March 12, 2020 (GLOBE NEWSWIRE) -- Virtusa Corporation (NASDAQ GS:VRTU), aglobal provider of digital strategy, digital engineering, and IT services and solutionsthathelp clients change and disrupt marketsthrough innovation engineering, announced it was named the top IT Services Challenger Star Performer in Everest Groups PEAK Matrix Service Provider of the Year 2020 awards.
  • Virtusa also increased its position as a Star Major Contender in the ITS Top 20 list.
  • The PEAK Matrix Service Provider of the Year ratings by Everest Group recognized consistent top performers across PEAK Matrix assessments.
  • The ITS Top 20 list ranked IT Service Providers using the same methodology, including companies with annual revenue exceeding US $2 billion.

Top Trends Driving Technology Innovation Investments in 2020 Revealed by Virtusa

Tuesday, January 28, 2020 - 2:01pm

The third annual Virtusa xLabs Trend Almanac details the top ten technology trends that strategically align with business and technology investments.

Key Points: 
  • The third annual Virtusa xLabs Trend Almanac details the top ten technology trends that strategically align with business and technology investments.
  • The major trends, which Virtusa identified in collaboration with technology and business leaders, focus on the Financial Services, Insurance, and Life Sciences industries.
  • Aligning investments to the most influential technology trends will help businesses to stay competitive and drive growth in 2020 and throughout the new decade.
  • Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa to Present at the 2020 Needham Growth Conference

Wednesday, January 8, 2020 - 9:05pm

Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced its Chairman and Chief Executive Officer, Kris Canekeratne, will present at the 2020 Needham Growth Conference.

Key Points: 
  • Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced its Chairman and Chief Executive Officer, Kris Canekeratne, will present at the 2020 Needham Growth Conference.
  • Virtusas presentation is scheduled for Wednesday, January 15, 2020 at 10:00 a.m. Eastern Time and will be webcast live.
  • An archive of the presentation will be available for a limited time on the Investors page of the Companys website ( www.virtusa.com ).
  • Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa Improves Field Force Worker Efficiency with Augmented Reality and AI

Thursday, December 5, 2019 - 1:00pm

Virtusas Smart Field Force Management Platform addresses these issues by helping technicians quickly locate problems with minimal training.

Key Points: 
  • Virtusas Smart Field Force Management Platform addresses these issues by helping technicians quickly locate problems with minimal training.
  • The application is able to automatically co-relate and initiate diagnostic tests based on the type of issues reported.
  • The Smart Field Force Management Platform will help improve customer service and reduce costs, enabling CSPs to better compete in this increasingly crowded market.
  • Smart Field Force Management also provides real-time and historical performance data to further enhance the diagnostic capabilities across network and customer equipment, says Ravi Kumar Palepu, SVP, TMT solutions, Virtusa.

Virtusa Achieves AWS Financial Services Competency Status

Tuesday, December 3, 2019 - 2:00pm

SOUTHBOROUGH, Mass., Dec. 03, 2019 (GLOBE NEWSWIRE) -- Virtusa Corporation (NASDAQ GS:VRTU), aglobal provider of digital strategy, digital engineering, and IT services and solutionsthathelp clients change and disrupt marketsthrough innovation engineering, announced that it has achieved Amazon Web Services (AWS) Financial Services Competency status.

Key Points: 
  • SOUTHBOROUGH, Mass., Dec. 03, 2019 (GLOBE NEWSWIRE) -- Virtusa Corporation (NASDAQ GS:VRTU), aglobal provider of digital strategy, digital engineering, and IT services and solutionsthathelp clients change and disrupt marketsthrough innovation engineering, announced that it has achieved Amazon Web Services (AWS) Financial Services Competency status.
  • Achieving the AWS Financial Services Competency differentiates Virtusa as an AWS Partner Network (APN) member that has demonstrated relevant technical proficiency and proven customer success delivering solutions seamlessly on AWS.
  • With over half of our business focused on the highly regulated BFSI industry, achieving AWS Financial Services Competency status provides an important distinction across the broad APN, said Jim Francis, EVP and head of global alliances, Virtusa.
  • Virtusas engineering and financial services heritage combined with our proven AWS expertise makes us a unique service provider to consider for AWS workload migrations as well as cloud-native development.

Virtusa to Present at the UBS Global TMT Conference

Monday, December 2, 2019 - 9:05pm

Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced its Executive Vice President and Chief Financial Officer, Ranjan Kalia, will present at the UBS Global TMT Conference.

Key Points: 
  • Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced its Executive Vice President and Chief Financial Officer, Ranjan Kalia, will present at the UBS Global TMT Conference.
  • An archive of the presentation will be available for a limited time on the Investors page of the Companys website ( www.virtusa.com ).
  • Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering.
  • Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.