Virtusa Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported revenue of $86,474,000, income from operations of $9,142,000, income before income tax expense of $9,716,000 and net income of $7,404,000 or $0.30 per diluted share compared to revenue of $72,184,000, income from operations of $6,578,000, income before income tax expense of $7,358,000 and net income of $5,594,000 or $0.22 per diluted share for the same period a year ago. Cash flow from operations for the third quarter of fiscal 2013 was $20.9 million, compared to $8.5 million for the third quarter of fiscal 2012. During the third quarter of fiscal 2013 the company used $3.1 million for capital expenditures.

For the nine months, the company reported revenue of $243,226,000, income from operations of $23,439,000, income before income tax expense of $25,496,000 and net income of $19,307,000 or $0.76 per diluted share compared to revenue of $203,540,000, income from operations of $16,832,000, income before income tax expense of $18,457,000 and net income of $14,237,000 or $0.56 per diluted share for the same period a year ago. Net cash provided by operating activities was $23,680,000 against $9,765,000 for the same period a year ago. Purchase of property and equipment was $8,517,000 against $10,233,000 for the same period a year ago.

The company provided earnings guidance for the fourth quarter of fiscal year 2013 and fiscal year 2013. Fourth quarter fiscal 2013 revenue is expected to be in the range of $88.8 million to $90.8 million, with diluted EPS of $0.30 to $0.32. Effective tax rate to be approximately 22.5%.

Fiscal year 2013 revenue is expected to be in the range of $332.0 million to $334.0 million, with diluted EPS of $1.05 to $1.07. Effective tax rate to be approximately 23.8%.