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WNS Holdings Q4 beats Street, sees strong FY12 revenue

WNS Holdings Q4 beats Street, sees strong FY12 revenue
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First Published: Wed, Apr 20 2011. 04 37 PM IST
Updated: Wed, Apr 20 2011. 04 37 PM IST
Mumbai: Indian back-office company WNS Holdings Ltd posted a better-than-expected quarterly profit, helped by new client additions and a stronger British pound, and forecast strong fiscal 2012 revenue.
The India-based company, which competes with bigger rivals Genpact and ExlService , expects 2012 revenue of $383-$407 million, after adjusting for repair payments — ahead of analysts’ expectations of $400.5 million, according to Thomson Reuters.
The company expects full-year adjusted profit of $43-$47 million.
Last week, Infosys Technologies Ltd , seen as a benchmark for the Indian outsourcing sector, sparked worries about the sector’s growth after it forecast lower-than-expected annual sales on slower client spending.
WNS posted a fourth-quarter profit of 32 cents per American Depository Share (ADS) and revenue of $94.3 million, after adjusting for repair payments.
Analysts were expecting a profit of 31 cents per ADS on revenue of $93.8 million.
Revenue slipped 2.5% from last year as a result of lower volumes and lower pricing.
Shares of WNS closed at $9.77 on Tuesday on the New York Stock Exchange.
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First Published: Wed, Apr 20 2011. 04 37 PM IST
More Topics: Company Results | WNS | BPO | Back-office | EXLServices |