WNS (Holdings) Q3 fiscal revenue up 7% to $136 million

WNS (Holdings) said its revenue rose 6.9 percent to $136 million for the 2015 fiscal third quarter ended December 31, 2014.

Profit increased to $16.5 million compared to $12.2 million in Q3 of last year.

WNS added 5 new clients in the quarter and expanded 4 existing relationships.

Year-over-year, fiscal Q3 revenue was adversely impacted by the transition of a large online travel agency (OTA) client to another OTA pursuant to a strategic marketing agreement, and pricing and productivity headwinds from a five plus year contract extension with Aviva.


WNS said it expects to clock revenue less repair payments of between $502 million and $505 million for the fiscal year ending March 31, 2015 against $471.5 million in fiscal 2014.

Sanjay Puria, chief financial officer at WNS, said: “Our revised guidance for the year reflects top line growth of 6.5 percent to 7.1 percent. WNS continues to expect profitability to expand faster than revenue, with our ANI guidance reflecting 24 percent to 27 percent year-over-year improvement.”

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