INSUBCONTINENT EXCLUSIVE:
NEW DELHI: WNS (Holdings), a leading provider of global business process management services, on Thursday reported 34.10 per cent
year-on-year rise in net profit at $22.4 million for the quarter ended June 2018
The company posted a net profit of $16.70 million in the corresponding quarter last year.
Revenue of the company increased 10.90 per cent
YoY to $199.80 million during the quarter under review against $180.10 million in the same quarter last year.
Operating margin in the first
quarter was 12.6 per cent, as compared to 11 per cent in Q1 of last year and 14.5 per cent in the previous quarter.
On a year-over-year
basis, margin improvement was the result of increased productivity, operating leverage on higher volumes, and currency movements net of
Sequentially, margins reduced due to the impact of our annual wage increases, advance hiring and infrastructure buildout for project ramps,
and higher share-based compensation expense
company ended Q1 with $193.3 million in cash and investments and $89.2 million of debt
In the first quarter, the company generated $14.7 million in cash from operations, had $9.2 million in capital expenditures, and repurchased
to generate solid financial performance, growing revenue less repair payments 12 per cent year-over-year
Excluding the impact of currency movements and hedging, year-over-year first quarter top line improved by more than 10 per cent on a
technology and automation in our solutions, and working to attract, retain and retrain our resources for the changing BPM landscape
WNS remains focused on leveraging deep domain expertise, technology and automation, advanced analytics, and a customer-centric approach to
