WNS Holdings, a technology outsourcing firm with a market cap of $2.8 billion, is exploring a potential sale after attracting acquisition interest from companies including Capgemini, Reuters news report said.
The company is working with JPMorgan Chase to evaluate talks with interested parties. If successful, a deal could be signed in the coming weeks, though discussions remain fluid. Keshav Murugesh is the Chief Executive Officer of WNS.
WNS shares surged over 14 percent on the news before paring gains. Its shares have gained nearly 30 percent since its latest earnings report met market expectations.
Founded in 1996 as a British Airways subsidiary, WNS became independent in 2002 and now provides business process outsourcing and data analytics services to major clients like Coca-Cola and T-Mobile.
The company competes with firms like Cognizant and Genpact and recently acquired AI services vendor Kipi.ai.
WNS earlier said it’s expecting revenue of between $1,255 million and $1,271 million in fiscal 2025, as compared to $1,284.3 million in fiscal 2024. WNS reported $333 million in revenue for the latest quarter, with profit rising to $48.6 million.
WNS has 63,390 technology professionals across 66 delivery centers including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States.
InfotechLead.com News Desk
