WNS reported $758.0 million revenue- Up 25.8 per cent
On Thursday, it was reported that WNS jumps 129 per cent in annual profits at $86.4 million for fiscal 2018 on a GAAP basis compared with $37.8 million reported for fiscal 2017. It is the Global business process management and outsourcing solutions provider. It reported $758.0 million revenue, up 25.8 per cent from $602.5 million in fiscal 2017. Diluted earnings per ADS stood at $1.63 compared with $0.71.
The company’s adjusted net income (ANI) came in at $118.4 million, compared with $92.2 million in fiscal 2017, on a non-GAAP basis. In fiscal 2017, the revenue less repair payments of $741.0 million was up 28.1 per cent from $578.4 million. Adjusted diluted earnings per ADS came in at $2.24 compared with $1.74 in fiscal 2017.
WNS also reported $24.5 million profit for the quarter compared with $5 million loss in Q4 of last year and $26.3 million profit in December quarter. For the March quarter, it reported $202.7 million revenue, up 27.2 per cent from $159.4 million reported for Q4 of last year and up 7.5 per cent from $188.6 million on a sequential basis. It was seen that the company added eight new clients during March quarter and also expanded nine existing relationships. As of March 31, its global headcount stood at 36,540.