WNS Q2 net up at $15.5 million
As per the general accounting standards, the company had registered a net profit of $15.3 million in the same quarter last year, WNS said in a statement.
By PTI | Updated:
BPO services provider WNS Holdings today reported marginal rise in its net profit at $15.5 million for the second quarter ended September 30, on the back of growth in emerging verticals like retail and utilities.
As per the general accounting standards, the company had registered a net profit of $15.3 million in the same quarter last year, WNS said in a statement.
The company's revenues increased by 5.2 per cent to $141 million in the quarter under review, from $134.1 million in the year-ago period, it added.
Year-over-year, revenue improvement was paced by growth in emerging verticals, including Retail/CPG, Utilities, Shipping and Logistics, Healthcare, and CPS, which all grew in excess of 12 per cent, the statement said.
Business momentum remains healthy, as WNS continued to add new strategic logos and expand existing relationships in the quarter, WNS CEO Keshav Murugesh said.
"We intend to continue expanding our capabilities and services in the areas of domain expertise, automation, analytics and digitisation to enhance our differentiated positioning in the BPM (Business Process Management) marketplace," he added.
WNS expects its revenue less repair payments to be between $523 million and $539 million, up from $503 million in fiscal 2015.
In 2011-12, WNS re-negotiated contracts with certain clients and repair centres in the auto claims business, whereby the primary responsibility for providing the services is borne by the repair centres instead of WNS.
"Our revised guidance for the year reflects top line growth of 4-7 per cent, or 9-12 per cent on a constant currency basis," WNS Chief Financial Officer Sanjay Puria said.
During the reported quarter, the New York Stock Exchange-listed company added five new clients and expanded six existing relationships.
As on September 30, WNS' global headcount stood at 29,830.
As per the general accounting standards, the company had registered a net profit of $15.3 million in the same quarter last year, WNS said in a statement.
The company's revenues increased by 5.2 per cent to $141 million in the quarter under review, from $134.1 million in the year-ago period, it added.
Year-over-year, revenue improvement was paced by growth in emerging verticals, including Retail/CPG, Utilities, Shipping and Logistics, Healthcare, and CPS, which all grew in excess of 12 per cent, the statement said.
Business momentum remains healthy, as WNS continued to add new strategic logos and expand existing relationships in the quarter, WNS CEO Keshav Murugesh said.
"We intend to continue expanding our capabilities and services in the areas of domain expertise, automation, analytics and digitisation to enhance our differentiated positioning in the BPM (Business Process Management) marketplace," he added.
ADVERTISEMENT
WNS expects its revenue less repair payments to be between $523 million and $539 million, up from $503 million in fiscal 2015.
In 2011-12, WNS re-negotiated contracts with certain clients and repair centres in the auto claims business, whereby the primary responsibility for providing the services is borne by the repair centres instead of WNS.
"Our revised guidance for the year reflects top line growth of 4-7 per cent, or 9-12 per cent on a constant currency basis," WNS Chief Financial Officer Sanjay Puria said.
During the reported quarter, the New York Stock Exchange-listed company added five new clients and expanded six existing relationships.
ADVERTISEMENT
As on September 30, WNS' global headcount stood at 29,830.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
