WNS Q3 profit rises 11% to $34.3, revenue up 19%

NEW DELHI: New York Stock Exchange-listed WNS, a business process outsourcing firm, on Thursday said its net profits for the December-ending quarter rose 10.64 per cent to $34.3 million compared to $31 million in the same quarter last year.

The revenue of the company also rose 19.2 per cent year-on-year to $284.1 million from $238.4 million in the year-ago quarter.

“Despite ongoing pandemic-related volatility and pressure associated with tight global labour markets, WNS continues to perform well and deliver solid financial results in a healthy BPM demand environment. In Q3, year-over-year revenue grew 16.1 per cent on a constant currency basis while the company maintained adjusted operating margins in excess of 21 per cent,” said Keshav R Murugesh, Group CEO, WNS.

The company said it added 11 new clients and expanded 26 existing relationships during the quarter. WNS said it ended the quarter with $372.1 million in cash and investments.

The company said it expects revenue less repair payments between $1,008 million and $1,022 million, up from $868.7 million in fiscal 2021. Adjusted net income is expected to range between $169 million and $173 million versus $141.7 million in fiscal 2021, it said.

“Our combined stand-alone and embedded analytics revenue has grown above the company rate, with this segment of the business now representing approximately 20 per cent of total company revenue,” said Murugesh.


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