Virtusa  Corp. reported unaudited consolidated earnings for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported revenue of $101,043,000, income from operations of $11,196,000, income before income tax expense of $12,351,000 and net income of $9,328,000 or $0.35 per diluted share compared to 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 for the same period a year ago. The company generated $17.6 million of cash from operating activities during the third quarter of fiscal 2014. Net income for the third quarter of fiscal 2014 included $0.1 million of foreign currency transaction gains compared to a loss of $1.0 million in the second quarter of fiscal 2014, and a loss of $0.2 million in the third quarter of fiscal 2013.

For the nine months, the company reported revenue of $285,833,000, income from operations of $29,901,000, income before income tax expense of $32,297,000 and net income of $24,328,000 or $0.92 per diluted share compared to 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 for the same period a year ago. Net cash provided by operating activities was $39,527,000 against $23,680,000 for the same period a year ago. Purchase of property and equipment was $5,825,000 against $8,517,000 for the same period a year ago.

Fourth quarter fiscal 2014 revenue is expected to be in the range of $110.3 million to $112.3 million, with diluted EPS of $0.33 to $0.37.

Fiscal year 2014 revenue is expected to be in the range of $396.2 million to $398.2 million, with diluted EPS of $1.26 to $1.30.