WNS Q3 net dips 4.8% to $15.7 mn

BPO firm WNS today reported a 4.8 per cent decline in consolidated net profit at USD 15.7 million for the third quarter ended December 31, 2015.
The NYSE-listed firm had posted a net profit of USD 16.5 million in the year-ago period, it said in a statement.
Consolidated revenue, however, rose 6.2 per cent at USD 144.4 million in October-December this fiscal from USD 136 million in the same quarter of 2014-15. The figures are on GAAP basis.
"Our fiscal third quarter results highlight continued strength in the company's operating and financial performance. Q3 constant currency revenue expanded over 10 per cent year-over-year, and the company delivered solid results in terms of margins, profit and free cash flow," WNS CEO Keshav Murugesh said.

During the quarter, WNS added over 1,500 employees taking the global headcount to 31,340 as of December 31, 2015.
"Hiring was primarily in support of three large accounts which will be ramping up over the next few quarters. The company remains focused on investing in the areas of domain expertise, automation, analytics and digitisation," he said.
WNS added 5 new clients in the quarter and expanded six existing relationships.