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 LUXOFT CZECH REPUBLIC, UBS AG AND THE SBER BANK

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PostSubject: LUXOFT CZECH REPUBLIC, UBS AG AND THE SBER BANK   Sun Oct 22, 2017 3:14 pm

Luxoft Holding, Inc to Participate in Investor Events During the Month of November

October 18, 2016 04:30 PM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced that it will be participating in the following investor conferences during the month of November:

Tuesday, November 15, 2016
Roman Yakushkin, Chief Financial Officer, will be conducting one-on-one meetings at J.P. Morgan's Global Technology, Media and Telecom Conference in Asia in Hong Kong.

Wednesday, November 16, 2016
Michael Friedland, Executive Vice President, will be conducting one-on-one meetings at the Morgan Stanley European Technology, Media & Telecom Conference in Barcelona, Spain.

Wednesday, November 16, 2016
Alina Plaia, Vice President and Investor Relations Officer, and Anders Brown, Managing Director of Global Centers of Expertise, will be presenting and conducting one-on-one meetings at the UBS Global Technology Conference in San Francisco, California.

Tuesday, November 29, 2016
Przemyslaw Berendt, Vice President of Global Marketing, and Patrick Corcoran, Global Director of Analyst and Advisor Relations, will be conducting one-on-one meetings at WOOD's Winter in Prague - Emerging Europe Conference in Prague, Czech Republic.

About Luxoft
Luxoft Holding, Inc (NYSE:LXFT) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 28 dedicated delivery centers worldwide. It has over 11,000 employees across 35 offices in 18 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com.

Forward-Looking Statements
This news release of Luxoft Holding, Inc ("Luxoft") contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading "Risk Factors" in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2016 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

Contacts

Luxoft Holding, Inc
Alina V. Plaia, +1-212-964-9900 ext. 2404
Vice-President, Global Communications
IR@luxoft.com

NEW YORK--(BUSINESS WIRE)--Nov. 21, 2016-- Luxoft Holding, Inc (NYSE:LXFT US), a leading provider of software development services and innovative IT solutions to a global client base, today announced the signing of a three-year agreement with UBS, one of its largest customers. The agreement has a minimum target spend of USD 300 million or USD 100 million a year on average, and Luxoft will have strategic vendor status for UBS IT during the entire term. The strategic framework includes business and technology consulting for cost efficient regulatory compliance and innovative digital transformation in the areas of trading, finance, accounting, regulatory and others.

"Luxoft and UBS have been building a strong relationship since 2006 with Luxoft contributing to the Bank’s complex engagements as a Change The Business (CTB) category vendor. We’re helping UBS leverage new innovative technologies and processes such as cloud, big data and data analytics, machine learning to optimize their business and transform the way they engage with customers," said Luxoft President and CEO, Dmitry Loschinin. "We are proud to be a trusted partner for UBS, assisting them in simplification of their IT infrastructure, continuous performance improvement, as well as shifting to a mutually beneficial new age output- and outcome based managed services model."

"Our goal is to continue building leading-edge customer-facing technologies which enable us to provide the best user experience for years to come," said UBS CIO Michael Dargan. "Luxoft has been a trusted vendor for UBS for nearly a decade. We are confident in their deep understanding of the financial services industry and end-to-end solution implementation skills and thus Luxoft’s ability to assist us in the global transformation process."

About Luxoft

Luxoft Holding, Inc (NYSE:LXFT) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 32 dedicated delivery centers worldwide. It has more than 11,500 employees across 39 offices in 19 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com

About UBS

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets. www.ubs.com

Forward-Looking Statements

This news release of Luxoft Holding, Inc ("Luxoft") contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading "Risk Factors" in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2016 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

 

NEW YORK(BUSINESS WIRE)Aug. 23, 2017 Luxoft Holding, Inc. (NYSE:LXFT), a leading provider of software development services, innovative IT solutions, and digital transformation to a global client base, today announced completion of the transaction pursuant to a Share Purchase Agreement to acquire derivIT, a Singapore-based financial services-focused technology consulting company.

derivIT provides a unique blend of technology expertise, deep domain understanding and strong knowledge of leading platforms, such as Murex, in capital markets and credit and risk management. This transaction was closed upon the receipt of the approval by Reserve Bank of India, as well as satisfaction of several other customary conditions precedent.

"Completion of derivIT transaction reinforces a strong foundation on which our company is building its presence and the delivery platform in the APAC. We are very pleased to welcome derivIT team and start realizing expected significant synergies in servicing current high-potential clients in the Asia Pacific region, anchoring new business opportunities in financial, automotive, telecom and other sectors, as well as taking advantage of the immediate cross-selling opportunities we see at this time."

said Dmitry Loschinin, President and CEO of Luxoft.

The derivIT acquisition adds several delivery centers, which are expected to enhance the scalability of Luxoft’s current distributed delivery center ecosystem into additional locations, such as Bangalore, India; Dubai, UAE; and Tianjin, China. The acquisition also is expected to expand Luxoft’s existing capabilities in Singapore.

"We are excited to join forces with derivIT and continue to strengthen our foothold in Asia Pacific. The region enjoys ample demand for packaged software to streamline operations and generate operational cost savings for continued investments into innovation and digital transformation. Furthermore, the expansion of our sophisticated engineering workforce, which delivers premium consulting and digital-related services from India, Vietnam, and Malaysia, is expected to significantly improve our ability to effectively cater to large enterprises located in Singapore, Australia, Hong Kong, China, and the Middle East."

Luxoft Pursues Continued Growth in Shift Out of Russia, Ukraine

09.11.2015

Bloomberg by Elena Popina

Luxoft Holdings Inc., the software developer that has benefited from the slumping Russian and Ukrainian currencies amid an almost two-year conflict in the region, is realigning its operations to be closer to customers in developed markets as it seeks to sustain sales growth.

The shares have surged 87 percent since March 2014, when President Vladimir Putin’s annexation of Crimea touched off an armed conflict in eastern Ukraine. Luxoft, which has most of its programmers in the two countries and makes the majority of its sales in the U.S. and Europe, advanced even as investors pulled out, sending the local currencies tumbling to record lows.

Luxoft, originally a Moscow-based startup, is shifting out of the region and expanding into countries closer to its biggest clients, which include UBS Group AG and Deutsche Bank AG. It has reduced the proportion of employees in Ukraine to 38 percent from 49 percent in March 2014, while cutting Russian-based workers from more than 30 percent to less than 25 percent, Chief Executive Officer Dmitry Loschinin said earlier this year.

Meanwhile, revenue has grown about 30 percent in each quarter, while the company has added new customers including Microsoft Corp. and Credit Suisse Group AG.

"Geopolitical uncertainty created some challenges, which Luxoft used as an opportunity to get closer to its customers," Julia Gordeyeva, senior analyst at Sberbank CIB who rates the stock a buy, said by phone. "Big western names that are so reliant on what your company does, at some point will want to have you closer, which Luxoft realized. When you provide service to big-name companies with big budgets and huge resources and they like the job you’re doing, you have a lot of room for growth."

Luxoft, which has offices in 15 countries from Bulgaria to Mexico and about 10,000 employees, intends to limit its presence in any single region to 25 percent of its workforce while expanding in countries including Poland, Romania and Bulgaria.

The company relies on relatively low-cost labor in developing nations to make its rates more competitive.

While the Zug, Switzerland-based software developer was benefiting from the lower costs as its paid workers in local currencies and made most of its sales in dollars and euros, some customers were concerned about its exposure to Ukraine, once home to about half its programmers, according to Arvind Ramnani, senior analyst at Gordon Haskett Research Advisors LLC. It has relocated more than 700 employees, moving senior management to Switzerland, Great Britain and the U.S., doubling its foothold in Poland while scaling back in Russia and Ukraine.

‘Operationally Challenging’

"Clients were worried about the firm’s ability to execute in the midst of a the Russia-Ukraine conflict," Ramnani, who rates Luxoft the equivalent of hold, said by phone from New York. "While operationally challenging, Luxoft’s ability to keep existing clients happy and signing up new clients is impressive."

The stock has rallied 81 percent in 2015, compared with a 2.6 percent gain in the Bloomberg Russia-US Equity Index. Shares rose 4.8 percent to $69.86 last week in New York.

"The geopolitical uncertainty reminded us that while on the revenue side we’re almost exclusively exposed to the developed market, on our talent side we are entirely exposed to the emerging markets, and emerging markets by definition will always be riskier than developed," Alina Plaia, vice president of global communications at Luxoft, said by phone from New York.

Analyst Ratings

On a scale from 1 to 5, Luxoft has a consensus analyst recommendation of 4.1, equal to the average of 11 global peers, data compiled by Bloomberg show. Its relative strength index hovered at around 60 last week, approaching the level of 70 that some technical analysts see as a signal a security may be poised for a decline.

For Vladimir Bespalov, an analyst at VTB Capital in Moscow who rates the stock sell, the rally this year has been excessive. "Such a high dependence on top three clients for sales skews the risks to the upside," he said by phone.

The company gets about a third of its sales from Deutsche Bank, 21 percent from UBS and 6.7 percent from Harman International Industries Inc, a provider of audio solutions.

Luxoft will probably post a 28 percent gain in sales when it reports fiscal second-quarter earnings on November 10, according to the median of three analysts surveyed by Bloomberg.

That compares with a 32 percent gain in the previous three months.

"There is a lot of potential in Luxoft," Sberbank CIB’s Gordeyeva said. "Now that all the relocation was smooth, there is a good opportunity to become more known in the west, thus increasing customer base and boosting sales."
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