WNS Holdings announced that Gautam Barai has decided to step down as the company’s Chief Operating Officer (COO) to pursue other interests.
WNS also announced a new structure that will feature four Strategic Business Units (SBU), each headed by a Chief Business Officer (CBO). WNS will eliminate the current COO role. The four SBUs will combine the company’s eight current verticals into logical groups while maintaining each vertical as an independent business unit.
“This new organizational structure is the right approach for our business at this point in our evolution and will help drive improved outcomes for our global clients. We expect this change to improve business synergy, enhance scalability, drive operating leverage, and create organizational depth,” said Keshav R. Murugesh, CEO of WNS.
WNS earlier said revenue in the third quarter was $306.9 million, representing an increase of 8.0 percent versus Q3 of last year and a decrease of 0.1 percent from the previous quarter. Profit in the fiscal third quarter was $34.7 million, as compared to $34.3 million in Q3 of last year and $33.2 million in the previous quarter.
WNS is updating guidance and said revenue less repair payments is expected to be between $1,146 million and $1,158 million for the fiscal year ending March 31, 2023, up from $1,026.8 million in fiscal 2022. Guidance includes 9 months of revenue from Vuram and 3.5 months of revenue from OptiBuy and The Smart Cube.
