WNS Holdings Q1 Net up at USD 22.6 mn; adds 6 clients

A positive business momentum and addition of new clients helped the NYSE-listed WNS (Holdings) post a profit of USD 22.6 million for the April-June quarter of 2015-16, against USD 20.4 million in the same period of last year.
The business process management (BPM) firm's revenue increased by 3.6 per cent to USD 126.5 million in the April-June period from USD 122.1 million in the first quarter of last fiscal.
Sequentially, revenue was up 0.3 per cent from USD 126.1 million in March 2015 quarter, a company statement said.
The company said it added 6 new clients in the first quarter and expanded nine existing relationships. Its global headcount stood at 29,672 as on June 30, 2015.

"Our pipeline remains robust, and the company is focused on improving sales productivity to drive accelerated revenue growth.
"While WNS' positioning in the marketplace is strong and differentiated, we will continue our investments in the areas of domain expertise, analytics, technology enablement and digitisation in order to enhance existing capabilities and create new, innovative solutions," WNS Chief Executive Officer Keshav Murugesh said.

"We believe these strategic objectives are aligned with the direction of the BPM market, and will enable WNS to produce superior results for our customers and shareholders," Murugesh said.
WNS has revised guidance for the fiscal ending March 31, 2016 and said adjusted net income (ANI) is expected to range between USD 90 million and USD 96 million versus USD 92.3 million in 2014-15.

"Our revised guidance for the year reflects top line growth of 4 to 9 per cent. The increase in our guidance for adjusted net income is the result of favorable currency movements and improved operational efficiency," WNS Chief Financial Officer Sanjay Puria said.