SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 04/26/2018
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EX-99.1

Exhibit 99.1

 

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Fiscal Q4 2018

WNS (Holdings) Limited

 

WNS Announces Fiscal 2018 Fourth Quarter and Full Year Earnings

Provides Guidance for Fiscal 2019

NEW YORK, NY and MUMBAI, INDIA, April 26, 2018 — WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced results for the fiscal 2018 fourth quarter and full year ended March 31, 2018.

 

 

Highlights – Fiscal 2018 Fourth Quarter:

 

 

GAAP Financials

 

•  Revenue of $202.7 million, up 27.2% from $159.4 million in Q4 of last year and up 7.5% from $188.6 million last quarter

•  Profit/(Loss) of $24.5 million, compared to ($5.0) million in Q4 of last year and $26.3 million last quarter

•  Diluted earnings/(loss) per ADS of $0.47, compared to ($0.10) in Q4 of last year and $0.51 last quarter

 

Non-GAAP Financial Measures*

 

•  Revenue less repair payments of $198.2 million, up 28.6% from $154.1 million in Q4 of last year and up 7.1% from $185.2 million last quarter

•  Adjusted Net Income (ANI) of $33.0 million, compared to $24.0 million in Q4 of last year and $34.2 million last quarter

•  Adjusted diluted earnings per ADS of $0.63, compared to $0.46 in Q4 of last year and $0.66 last quarter

 

Other Metrics

 

•  Added 8 new clients in the quarter, expanded 9 existing relationships

•  Days sales outstanding (DSO) at 30 days

•  Global headcount of 36,540 as of March 31, 2018

 

 

 

Highlights – Fiscal 2018 Full Year:

 

 

GAAP Financials

 

•  Revenue of $758.0 million, up 25.8% from $602.5 million in fiscal 2017

•  Profit of $86.4 million, compared to $37.8 million in fiscal 2017

•  Diluted earnings per ADS of $1.63, compared to $0.71 in fiscal 2017

 

Non-GAAP Financial Measures*

 

•  Revenue less repair payments of $741.0 million, up 28.1% from $578.4 million in fiscal 2017

•  Adjusted Net Income (ANI) of $118.4 million, compared to $92.2 million in fiscal 2017

•  Adjusted diluted earnings per ADS of $2.24, compared to $1.74 in fiscal 2017

 

Reconciliations of the non-GAAP financial measures discussed below to our GAAP operating results are included at the end of this release. See also “About Non-GAAP Financial Measures.”

Revenue in the fourth quarter was $202.7 million, representing a 27.2% increase versus Q4 of last year and a 7.5% increase from the previous quarter. Revenue less repair payments* in the fourth quarter was $198.2 million, an increase of 28.6% year-over-year and 7.1% sequentially. Excluding exchange rate impacts, constant currency revenue less repair payments* in the fiscal fourth quarter grew 21.9% versus Q4 of last year and 4.6% sequentially. Year-over-year, fiscal Q4 revenue improvement was driven by healthy organic growth across key verticals, services, and geographies, our acquisitions of HealthHelp and Denali which closed in March 2017 and January 2017 respectively, and favorability from currency net of hedging. Sequentially, revenue growth was the result of project ramps with both new and existing clients and currency movements net of hedging.

 

* See “About Non-GAAP Financial Measures” and the reconciliations of the historical non-GAAP financial measures to our GAAP operating results at the end of this release.

 

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