Energy News / Shareholders Foundation, Inc.

NYSE:LXFT Shareholder Notice: Investigation over Possible Securities Laws Violations by Luxoft Holding, Inc

Via: ReleaseWire

Updated 2:41 PM CDT, Thu, April 26,2018

An investigation for investors in Luxoft Holding, Inc. (NYSE: LXFT) shares over potential securities laws violations by Luxoft Holding, Inc. was announced

San Diego, CA -- (SBWIRE) -- 04/26/2018 -- An investigation was announced concerning potential securities laws violations by Luxoft Holding and certain of its directors and officers.

Investors who purchased shares of Luxoft Holding, Inc. (NYSE: LXFT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Luxoft Holding, Inc. (NYSE: LXFT) concerning whether a series of statements by Luxoft Holding, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Switzerland based Luxoft Holding, Inc. reported that its Total Revenue rose from $650.75 million for the 12 months period that ended on March 31, 2016 to $785.56 million for the 12 months period that ended on March 31, 2017 and that its Net Income declined from $70.25 million to $62.63 million.

On August 11, 2017, Luxoft Holding, Inc. announced its financial results for the three months ended June 30, 2017. Luxoft Holding, Inc. disclosed slower business growth than anticipated and revised its 2018 outlook, noting "Revenue is expected to be at least $920 MM, revised down from originally announced $943 million."

Those who purchased shares of Luxoft Holding, Inc. (NYSE: LXFT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyselxft-shareholder-notice-investigation-over-possible-securities-laws-violations-by-luxoft-holding-inc-969640.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com