WNS reports 11.3% jump in Q1 revenue at $141 million

WNS’ year-over-year revenue improvement was broad-based, led by growth in the healthcare, retail, shipping and logistics, and travel verticals


WNS (Holdings) Ltd’s adjusted net income (ANI) stood at $23.9 million, compared to $22.6 million in the first quarter of last year and $26.9 million last quarter.
WNS (Holdings) Ltd’s adjusted net income (ANI) stood at $23.9 million, compared to $22.6 million in the first quarter of last year and $26.9 million last quarter.

Mumbai: Global BPM services provider WNS (Holdings) Ltd on Thursday said its revenue jumped 11.3% to $140.8 million in the first quarter of this fiscal.

Its revenue stood at $126.5 million in the same period last year.

The company’s adjusted net income (ANI) stood at $23.9 million, compared to $22.6 million in the first quarter of last year and $26.9 million last quarter, it said in a statement.

Its year-over-year revenue improvement was broad-based, led by growth in the healthcare, retail, shipping and logistics, and travel verticals.

Sequentially, revenue growth was also broad-based, and was boosted by favourability from currency movements net of hedging.

During the quarter ended June 2016, the company added six new clients and expanded six existing relationships, the firm’s chief executive officer Keshav Murugesh said.

“During the fiscal first quarter, WNS delivered revenue growth and continued to position the company for long-term success. “In Q1, we added several new strategic relationships which highlighted our capabilities in domain expertise, technology-enabled solutions and analytics,” Murugesh added.

“The company has updated forecast for fiscal 2017 based on current visibility levels and exchange rates,” WNS chief financial officer Sanjay Puria said.

Revenue less repair payments is expected to be between $541 million and $569 million, up from $531.0 million in fiscal 2016. This assumes an average pound to US dollar exchange rate of 1.30 for the remainder of fiscal 2017, the release said.

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