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 email@example.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.
Shareholders Foundation, Inc.
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