WNS reports 2.4% jump in first quarter revenue; raises full-year guidance

MUMBAI: WNS (Holdings) Ltd said revenue rose 2.4% in the first quarter from a year ago and the US-listed business process outsourcing company raised its full-year revenue guidance.

WNS reported revenue of $134.1 million, up 2.4% from a year ago and up 1% sequentially. The company reported a profit of $12.8 million, compared to $12.1 million a year ago.

WNS also raised its full-year revenue expectation to between $523 million and $549 million, up from $503.0 million in FY15. The company had earlier expected FY16 revenue of between $515 million and $545 million.

“Our pipeline remains robust, and the company is focused on improving sales productivity to drive accelerated revenue growth. While WNS’s positioning in the marketplace is strong and differentiated, we will continue our investments in the areas of domain expertise, analytics, technology enablement and digitization in order to enhance existing capabilities and create new, innovative solutions,” Keshav Murugesh, chief executive of WNS, said in a statement.

WNS reported an adjusted operating margin of 20%, compared with a margin of 17.9% a year ago. However on a sequential basis, the margin fell from 20.7%.

The company said it added 6 new clients and expanded 9 existing relationships. The company had 29,672 employees on its rolls at the end of June, up from 28,890 at the end of March.