Luxoft Holding, Inc. (NYSE:LXFT) 2Q19 Earnings Beat Street View

Luxoft Holding, Inc. (NYSE:LXFT) reported net income for the second quarter of $ 14.41 million or $ 0.43 per share, compared to income $ 18.44 million or $ 0.54 per share for the year-ago quarter.

The Zug based company recorded second quarter Non-GAAP net income of $ 10.69 million or $ 0.74 per share.

The sales for second quarter rose 0% to $ 228.41 million from $ 228.03 million in the same quarter last year.

Analysts polled by Thomson Reuters expected LXFT to report income of $ 0.63 per share on revenue of $ 228.01 million for the second quarter.

Moving forward, Zug based company expects 3Q19 earnings of $0.62 to $0.69 per share, while sales for the same period to be $230 million to $235 million.