WNS revenue up 13.3% to $122.1 million in Q1

BPO major WNS Holdings on Wednesday said its first quarter revenue rose 13.3 percent to $122.1 million.

Profit increased to $6.7 million from $2.8 million in Q1 of last year.

WNS says it added 6 new clients in the quarter and expanded 14 existing relationships.

Global headcount reached 26,178 as of June 30, 2013.

On Wednesday, iGATE, rival of WNS, said its second quarter revenue rose 6 percent to $283.3 million. Its net income increased 136 percent to $30 million in Q2, 2013.

WNS’ revenue expanded despite currency headwinds from the average GBP/$ exchange rate, which depreciated 3.0 percent versus Q1 of last year and 1.2 percent sequentially.

“Our first quarter revenue performance represented 10.9 percent year-over-year growth, and excluding the impact of the depreciating British Pound, 12.6 percent growth on a constant currency basis,” said Keshav Murugesh, WNS’s Chief Executive Officer.

WNS CEO says demand for BPO services is robust. WNS’s differentiated capabilities are resonating well with both existing and prospective clients.

According to WNS, its revenue less repair payments is expected to be between $462 million and $478 million, up from $436.1 million in fiscal 2013.

Average net income is expected to range between $66 million and $70 million, up from $53.1 million in fiscal 2013.

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