An investigation on behalf of investors of Luxoft Holding, Inc. (NYSE: LXFT) shares over potential securities laws violations by Luxoft Holding and certain of its directors and officers in connection with certain financial statements was announced.

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., together with its subsidiaries, provides software development services and IT solutions to multinational corporations primarily in Europe and the United States. Shares of Luxoft Holding, Inc. (NYSE: LXFT) reached in late 2015 as high as $80.64 per share. 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.

Shares of Luxoft Holding, Inc. (NYSE: LXFT) declined to as low as $38.60 per share on April 9, 2018.