WNS posts 34% profit growth in Q1; Organic growth, currency drive numbers

On a sequential basis, margins shrunk due to impact of our annual wage increases; advance hiring and infrastructure build out for project ramps, and higher share-based compensation expense

Mumbai-based business process management (BPM) company WNS on Thursday posted 34.1 per cent growth in profit from $16.7 million last year to $22.4 million for the quarter ended June 30 (in GAAP numbers).

Revenue in the first quarter was $199.8 million, representing a 10.9 per cent per cent increase versus Q1 of last year and a 140 basis points decrease from the previous quarter.  

“Excluding exchange rate impacts, constant currency revenue less repair payments* (non GAAP) in the fiscal Q1 grew 10.3 per cent versus Q1 of last year and 0.6 per cent sequentially. Year-over-year, fiscal Q1 revenue improvement