SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 04/26/2018
Entire Document
 


LOGO   

Fiscal Q4 2018

WNS (Holdings) Limited        

 

 

 

 

Reconciliation of operating profit / (loss) (GAAP to non-GAAP)

 

     Three months ended     Year ended  
     Mar 31,
2018
    Mar 31,
2017
    Dec 31,
2017
    Mar 31,
2018
    Mar 31,
2017
 
     (Amounts in millions)     (Amounts in millions)  

Operating profit / (loss) (GAAP)

   $ 29.4     $ (3.3   $ 25.7     $ 94.9     $ 47.2  

Add: Impairment of goodwill

     —         21.7       —         —         21.7  

Add: Share-based compensation expense

     7.1       6.6       7.2       30.6       23.0  

Add: Amortization of intangible assets

     4.0       2.9       3.9       15.5       20.5  

Adjusted operating profit / (loss) (excluding impairment of goodwill, share-based compensation expense and amortization of intangible assets) (Non-GAAP)

   $ 40.4     $ 27.9     $ 36.8     $ 141.0     $ 112.4  
     Three months ended     Year ended  
     Mar 31,
2018
    Mar 31,
2017
    Dec 31,
2017
    Mar 31,
2018
    Mar 31,
2017
 

Operating profit / (loss) as a percentage of revenue (GAAP)

     14.5     (2.0 )%      13.6     12.5     7.8

Adjusted operating profit (excluding impairment of goodwill, share-based compensation expense and amortization of intangible assets) as a percentage of revenue less repair payments (Non-GAAP)

     20.4     18.1     19.9     19.0     19.4
Reconciliation of profit / (loss) (GAAP) to ANI (non-GAAP)  
     Three months ended     Year ended  
     Mar 31,
2018
    Mar 31,
2017
    Dec 31,
2017
    Mar 31,
2018
    Mar 31,
2017
 
     (Amounts in millions)     (Amounts in millions)  

Profit / (loss) (GAAP)

   $ 24.5     $ (5.0   $ 26.3     $ 86.4     $ 37.8  

Add: Impairment of goodwill

     —         21.7       —         —         21.7  

Add: Share-based compensation expense

     7.1       6.6       7.2       30.6       23.0  

Add: Amortization of intangible assets

     4.0       2.9       3.9       15.5       20.5  

Less: Tax impact on share-based compensation expense(1)

     (1.3     (1.3     (2.0     (8.4     (5.1

Less: Tax impact on amortization of intangible assets(1)

     (1.2     (0.9     (1.3     (5.6     (5.6

Adjusted Net Income (excluding impairment of goodwill, share-based compensation expense and amortization of intangible assets, including tax effect* thereon) (Non GAAP)

   $ 33.0     $ 24.0     $ 34.2     $ 118.4     $ 92.2  

 

(1) The company applies GAAP methodologies in computing the tax impact on its non-GAAP ANI adjustments (including amortization of intangible assets and share-based compensation expense). The company’s non-GAAP tax expense is generally higher than its GAAP tax expense if the income subject to taxes is higher considering the effect of the items excluded from GAAP profit to arrive at non-GAAP profit.

* Goodwill being non-tax deductible, there is no impact on tax thereon.

 

 

     Three months ended     Year ended  
     Mar 31,
2018
    Mar 31,
2017
    Dec 31,
2017
    Mar 31,
2018
    Mar 31,
2017
 

Profit as a percentage of revenue (GAAP)

     12.1     (3.1 )%      13.9     11.4     6.3

Adjusted net income (excluding impairment of goodwill, share-based compensation expense and amortization of intangible assets including tax effect* thereon) as a percentage of revenue less repair payments (Non-GAAP)

     16.6     15.6     18.4     16.0     15.9

* Goodwill being non-tax deductible, there is no impact on tax thereon

 

Page 9 of 10