Software company Luxoft provides IT services and software development for many clients, including Deutsche Bank, UBS, and Boeing. Deutsche Bank and UBS provide 47 percent of the company’s sales revenues. The company operates in the U.S. and Canada. 82.9 percent of Luxoft’s voting stock belongs to the IT cor­poration IBS.

Luxoft shares are traded on the New York Stock Exchange. Recent trading prices were recorded above USD33. The company traded 12.6 percent of its stock publicly in June 2013, starting at USD17, which val­ued the company at USD555 million.

Luxoft issued a press release stat­ing that it had a 46-percent increase in net profit, which exceeded USD13 million. Earnings before interest, taxes, depreciation, and amortiza­tion (EBITDA) went up by 41 per­cent and reached USD19.5 million. Luxoft’s profitability, reflected in the EBITDA margin, was at 19.9 percent, as represented by the company. The company’s operating profitability rose from last year’s figure of 18.7 per­cent.

Luxoft expects a 22-percent in­crease in revenue by March 2014, with the revenue figure predicted at USD384 million. The expected num­ber is higher compared to the rev­enue figure for the previous reporting period, which was USD378 million.