CSIMarket
 

Luxoft Holding, Inc  (LXFT)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Luxoft Holding Inc's

Competitiveness


 

LXFT Sales vs. its Competitors Q1 2018



Comparing the current results to its competitors, Luxoft Holding Inc reported Revenue increase in the 1 quarter 2018 by 15.43 % year on year.
The revenue growth was below Luxoft Holding Inc's competitors' average revenue growth of 49.84 %, achieved in the same quarter.

List of LXFT Competitors

With a net margin of 6.29 % Luxoft Holding Inc achieved higher profitability than its competitors.

More on LXFT Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Luxoft Holding, IncNet Income in the 1 quarter 2018 fell year on year by -8.98%, slower than its competitors' income growth of 75.76 %

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Luxoft Holding Inc's Comment on Competitors and Industry Peers


The markets in which we compete are changing rapidly and we face competition from global and Asia-based IT services providers as well as local providers based in CEE. We believe that the principal competitive factors in our business include breadth and depth of service offerings, technical expertise and industry knowledge, reputation and track record for high-quality and on-time delivery of work, effective personnel recruiting, training and retention, responsiveness to clients' business needs, ability to scale, financial stability and price. Our industry is split between low-cost vendors that provide inexpensive, commoditized services and high-cost vendors that provide specialized and complex services at a premium cost. Our ability to provide complex, customized services at competitive cost has positioned us between these two classes of vendors.
We face competition primarily from:

IT service providers in India, such as Cognizant Technology and Infosys;

Global multinational consulting and outsourcing firms such as Accenture, Capgemini and CSC;

Local CEE technology outsourcing IT service providers such as EPAM; and

In-house IT departments of our clients and potential clients.