Virtusa on Forbes’ list of 100 best small cos

WESTBOROUGH, US: Virtusa Corporation, a global IT services company that offers a broad range of information technology services, including IT consulting, technology implementation, and application outsourcing services, has announced that it has been named to Forbes’ list of the '100 Best Small Public Companies in America.'

The list recognizes 100 companies across the US that have withstood economic challenges to achieve impressive sales and earnings growth.

To qualify for inclusion, companies must be publicly traded for at least a year, generate annual revenues of between $5 million and $1 billion, and have a stock price of at least $5 per share.

The rankings are based on measures that include earnings growth, sales growth, and return on equity in the past 12 months and over five years, as well as stock performance relative to each company's peer group.

The Forbes list of America’s 100 Best Public Small Companies represents those companies that have weathered the storm and delivered solid growth results despite the poor economy.

“We are delighted to be recognized on Forbes’ list of 100 Best Small Companies in America,” said Kris Canekeratne, chairman and CEO of Virtusa. “Given that only 100 companies were selected across the country, this recognition is truly an honor.”