Luxoft Holding, Inc. Recognized as One of FORTUNE’S “100 Fastest-Growing Companies”
September 19, 2016
September 19, 2016
NEW YORK--(BUSINESS WIRE)--Sep. 19, 2016-- Luxoft Holding, Inc. (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, announced today that FORTUNE has named Luxoft to its 2016 “100 Fastest-Growing Companies” list. This is Luxoft’s first year on the list ranking 56th on this prestigious list that recognizes public companies with the best three-year profit, revenue, and growth rate.
“Our determined focus on management discipline, global delivery, technology and innovation has been driving business results for our clients and fueling Luxoft’s growth. We will continue to be aggressive in vertical market expansion, in building innovative Centers of Excellence for areas like the Internet of Things and Big Data, and in synergistic mergers and acquisitions” said Luxoft President and CEO Dmitry Loschinin. “In recognition of this tremendous progress, I want to thank the entire Luxoft team for this is a company-wide accomplishment.”
FORTUNE magazine's 100 Fastest-Growing Companies are publicly traded companies ranked by revenue growth rate, EPS growth rate, and three-year annualized total return for the period ended June 30, 2016. The overall rank is based on the sum of these three ranks.
For more information on Luxoft’s ranking click here.
Luxoft Holding, Inc. (NYSE:LXFT) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 28 dedicated delivery centers worldwide. It has over 11,000 employees across 35 offices in 18 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit https://www.luxoft.com.
This news release of Luxoft Holding, Inc (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements regarding anticipated benefits of the acquisition of INSYS Group, including without limitation, diversifying Luxoft’s client base and decreasing client and geographical concentration, expanding Luxoft’s sales efforts in North America and amplifying management’s capabilities, augmenting Luxoft’s big data and cloud Centers of Expertise, advancing Luxoft’s positioning as an end-to-end solution provider, and enabling INSYS to take on bigger transformational engagements; efforts to expand Luxoft’s presence in the U.S. market and strengthen its sales organization in North America; possible or assumed future results of our business and financial condition; and expectations regarding results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, risk that Luxoft will not realize some or all of the anticipated benefits of the acquisition, and the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2016 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.
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