WNS second quarter revenue up 8% to $123 million

Business Process Management (BPM) provider WNS (Holdings) on Wednesday said its fiscal second quarter 2014 revenue rose 8.8 percent to $123.1 million from Q2 of last year.

Profit increased to $9.3 million from $4.3 million.

WNS added 6 new clients in the quarter, expanded 9 existing relationships.

Global headcount reached 26,630 as of September 30, 2013

WNS said revenue improvement was broad-based with the growth rate paced by strength in the Banking & Financial Services, Utilities, and Shipping & Logistics verticals.


“WNS was able to post constant currency revenue growth in the second quarter, and significantly expand our adjusted operating and net income margins. During the quarter, we continued to make progress in growing the overall size of our new business pipeline, and moving deals along towards final decisions. The company added 6 new logos this quarter, including our third large deal of the year with a new client in the Retail/CPG vertical,” said Keshav Murugesh, chief executive officer of WNS.

WNS said its revenue less repair payments is expected to be between $464 million and $476 million in the fiscal year ending March 31, 2014, up from $436.1 million in fiscal 2013.

ANI is expected to range between $68 million and $72 million, up from $53.1 million in fiscal 2013.

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