Statement on Ukraine Operations and Delivery
Luxoft’s business operations in all of its delivery centers in Ukraine - Kiev, Odessa and Dnepropetrovsk- are stable, no incidents have been reported at any of our sites. There are no disruptions in transportation, telecommunication or other infrastructure and logistics. We currently continue hiring developers in all three Ukraine locations of Luxoft, which is also supported by specific requests from some of our clients. These include engagements with new clients and new engagements with the existing clients. The latest results for the year ended March 31, 2015 were reported by the Company on May 13th, 2015 and showed 30.7% YoY growth in revenues, 35.9% YoY growth in adj. EBITDA. The latest results for the three months ended June 30, 2015 were reported by the Company on August 12th, 2015 and showed 31.8% YoY growth in revenues, 42.5% YoY growth in adj. EBITDA. The management has issued revenue guidance for the financial year ending March 31, 2016 to at least $640.3 million, an increase of at least 23.0% YoY.
Luxoft Holding, Inc is a global company with 27 offices worldwide. Being a global provider of engineering solutions for large multinational and Fortune 500 companies, it is our goal to ensure smooth service to our clients at all times from all of our locations via global delivery model. As we communicated over previous months, we keep clients’ Business Continuity Plans and our own internal plans updated to provide for uninterrupted delivery despite possible turbulence in any given geography. In connection with a multi-year "Luxoft: Global Upgrade” program, the Company has started proactive geographic rebalancing to expand delivery locations in the EU and Asia Pacific and to limit presence of all delivery personnel in each key geography to 25% over the next 5 years.
This statement has been published on August 31st, 2015.
About Luxoft Ukraine