Virtusa (VRTU) Lags Q4 Earnings and Revenue Estimates

Virtusa (VRTU) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -30.51%. A quarter ago, it was expected that this provider of information technology services would post earnings of $0.76 per share when it actually produced earnings of $0.78, delivering a surprise of 2.63%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Virtusa, which belongs to the Zacks Computer – Services industry, posted revenues of $329.65 million for the quarter ended March 2020, missing the Zacks Consensus Estimate by 0.10%. This compares to year-ago revenues of $327.63 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price

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How a Small Industrial Robot Can Improve the Quality of Your Goods

Robots in the workplace | April 2018 | Safety+Health Magazine

For any business, the goal of their operations is to produce goods of the best quality. A quality that customers enjoy, and actually prefer to that of their competitors.

Nonetheless, at times, trying to get the best quality products can be tough, especially when dealing with large volumes. This results in poor performance in the market and, subsequently, poor profitability for the business.

Different industries are trying various techniques to address this issue, with the most successful one being automation.

Robotic automation has taken industries by storm as it assures them more productivity at lower costs. But does it have an impact on product quality?

Below we look at the five ways robotic automation improves product quality.

1.    Eliminates human error in production

‘Man is to error’ is a saying that correctly applies to manufacturing. For most industries, human error has cost them a ton of opportunities.

Workers make … Read More

Should iShares Morningstar MidCap Growth ETF (JKH) Be on Your Investing Radar?

Looking for broad exposure to the Mid Cap Growth segment of the US equity market? You should consider the iShares Morningstar MidCap Growth ETF (JKH), a passively managed exchange traded fund launched on 06/28/2004.

The fund is sponsored by Blackrock. It has amassed assets over $580.51 million, making it one of the average sized ETFs attempting to match the Mid Cap Growth segment of the US equity market.

Why Mid Cap Growth

Mid cap companies, with market capitalization in the range of $2 billion and $10 billion, offer investors many things that small and large companies don’t, including less risk and higher growth opportunities. Thus they have a nice balance of growth potential and stability.

While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Also,

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Phoenix industry spotlight: Tech hiring going strong

<p>Photo: Unsplash</p>

Photo: Unsplash

Phoenix’s tech industry is experiencing strong job growth. Local employers posted 246 new jobs over the past week and 1,598 in the last month, ranking second among local industries, according to ZipRecruiter, a leading online employment marketplace.

The tech industry also came in third in terms of local employers adding new jobs. In the past month, 337 companies listed open jobs for Phoenix-based workers in that area.

Top companies hiring locally in information technology include Sysmind LLC, GTN Technical Staffing and ABCS, Inc. According to a recent job opening posted by GTN Technical Staffing, “GTN provides scalable technical staffing solutions encompassing SOW, staff augmentation and direct hire placement for Fortune 2000 companies, with niche service offerings in cyber security, digital, payroll management and professional services.”

Jobs posted by Sysmind LLC in the past month in Phoenix included software engineers, managers and data scientists, while GTN

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