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WNS (Holdings) Limited – WNS – Guidance for the year reflects top line growth of 6% to 11%

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WNS (Holdings) Limited (NYSE: WNS), a leading provider of global business process outsourcing (BPO) services, announced results for the 2013 fiscal first quarter ended June 30, 2012 and the resignation of Alok Misra, the company’s Chief Financial Officer.

WNS Highlights:

WNS GAAP Financials


  • Revenue of $107.8 million, down 14.2% from $125.7 million in Q1 of last year (primarily due to change in accounting for repair payments) and down 4.9% from $113.3 million last quarter
  • Profit of $2.8 million, compared to $0.7 million in Q1 of last year and $4.4 million last quarter
  • Diluted earnings per ADS of $0.06, compared to $0.01 in Q1 of last year and $0.09 last quarter

WNS Non-GAAP Financial Measures

  • Revenue less repair payments of $102.6 million, up 4.9% from $97.8 million in Q1 of last year and up 2.8% from $99.8 million last quarter
  • Adjusted Net Income (ANI) of $11.1 million, compared to $10.0 million in Q1 of last year and $13.2 million last quarter
  • Adjusted diluted earnings per ADS of $0.22, compared to $0.22 in Q1 of last year and $0.27 last quarter

WNS Operations Update

  • Finalized acquisition of Fusion South Africa
  • Announced first US delivery center in Columbia, South Carolina
  • Added 3 new clients in the quarter, expanded 10 existing relationships
  • Days sales outstanding (DSO) at 33 days
  • Global headcount of 25,939 as of June 30, 2012

WNS – Fiscal 2013 Guidance

WNS has updated guidance for the fiscal year ending March 31, 2013 as follows:

  • Revenue less repair payments* is expected to be between $420 million and $440 million. This assumes an average GBP to USD exchange rate of 1.55 for the remainder of fiscal 2013.
  • ANI* is expected to range between $50 million and $54 million. This assumes an average USD to INR exchange rate of 56.0 for the remainder of fiscal 2013.

“The updated fiscal 2013 guidance is based on current visibility levels and exchange rates. Guidance for the year reflects top line growth of 6% to 11%, with 95% visibility to the midpoint of the range. Revenue guidance includes the impact of the recently completed Fusion acquisition, which is expected to contribute between $9 million and $10 million to fiscal 2013 revenue. On a constant currency basis, our updated guidance implies higher 2013 organic revenues of $5 million to $6 million compared to our previous guidance,” said Alok Misra, WNS Group Chief Financial Officer.

About WNS

WNS (Holdings) Limited (WNS), is a leading global business process outsourcing company. WNS offers business value to 200+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics and Healthcare and Utilities.

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edliston
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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