WNS posts Q1 profit of $0.7 mn, adds 6 new clients

MUMBAI: WNS (Holdings) Ltd, a leading provider of global business process outsourcing services with major operations in India, today said it has registered profit of $ 0.7 million in Q1 FY 12, compared to a loss of USD 5.8 million in the corresponding quarter last year and profit of $ 8.8 million sequentially as per GAAP Financials.

The NYSE-listed BPO's Q1 revenue of USD 125.7 million was down 16.2 per cent from the corresponding quarter last year and down 21.2 per cent sequentially primarily due to change in accounting for repair payments, a company statement said here.

"Over the last five quarters, we have focused on the execution of our strategy to grow revenues and enhance margins, and we believe the strong first quarter results reflect those efforts," WNS Group Chief Executive Officer Keshav Murugesh said.

"We have enhanced our sales organisation, both in size and effectiveness, in line with our focus on domain expertise within our key verticals."

"We believe that the environment is improving for quality domain and technology-aligned BPO services, and WNS is well-positioned to capitalise on this opportunity despite experiencing macro-economic headwinds within several of our key verticals," Murugesh said.

"To that end, WNS has signed six new clients during the first quarter, in addition to several expansions, and we are optimistic about the number of new opportunities that remain in the pipeline," he said.