WNS Q3 revenue up 11% to USD 139.8 million

MUMBAI: Global Business Process Management (BPM) services provider WNS (Holdings) on Thursday reported 11.4 per cent growth in revenue at USD 139.8 million in the third quarter ended December 31.

"In the fiscal third quarter, we continued to deliver solid revenue growth, margins and cash flow, and to strategically invest for the future," Keshav Murugesh, WNS' Chief Executive Officer, said in a statement here.

The company is leveraging our healthy balance sheet, having repurchased over one million shares of stock in the third quarter, and just last week announcing the acquisition of Denali Sourcing Services (Denali), he added.

Profit in the fiscal third quarter was USD 18 million, compared to USD 15.7 million in the same period last year.

Brexit had an impact on the currency, but WNS was able to deliver healthy margins because of a robust hedging programme, the statement said.

"We have not seen Brexit and the US elections altering our clients' strategic outsourcing plans to date," it added.