WNS revenue rose 7%, profit up 81%

WNS (Holdings) today said its Q1 fiscal 2015 revenue rose 7.3 percent to $131 million, while profit grew 81 percent to $12.1 million.

The company in a statement said fiscal Q1 revenue was adversely impacted by the transition of an online travel agency (OTA) client to another OTA pursuant to a strategic marketing agreement, and pricing and productivity headwinds from a proposed five plus year contract extension with a major client.

The Business Process Management (BPM) services vendor added 6 new clients in the quarter and expanded 10 existing relationships.

WNS Holdings’ headcount reached 27,760 as of June 30, 2014.

Keshav Murugesh, WNS’s Chief Executive Officer, said: “The pipeline remains strong for both hunting and farming opportunities, and we continue to target closure of at least 6 large deals in fiscal 2015.”

Fiscal 2015 Guidance

Its revised guidance for the year reflects top line growth of 6 percent to 12 percent.

WNS said revenue less repair payments for fiscal 2015 is expected to be between $501 million and $528 million, up from $471.5 million in fiscal 2014. This assumes an average GBP to USD exchange rate of 1.70 for the remainder of fiscal 2015.

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