WNS cuts income guidance by 60%

WNS cuts income guidance by 60%

BS Reporter / Mumbai August 18, 2007

With its major US-based client First Magnus Financial Corporation laying off 99% employees and discontinuing its outsourcing work with the firm, Mumbai-based business process outsourcing (BPO) firm WNS (Holdings) has revised its net income guidance downward by 60%.

In its earlier guidance, the New York Stock Exchange (NYSE)-listed firm said its revenue would range between $302-307 million for the financial year 2008, and net income between $41-43 million.  The company