SEC Filings

20-F
WNS (HOLDINGS) LTD filed this Form 20-F on 05/16/2018
Entire Document
 


Table of Contents

Amortization of Intangible Assets

The following table sets forth our amortization of intangible assets for the periods indicated:

 

     Year ended March 31,         
     2018      2017      Change  
     (US dollars in millions)  

Amortization of intangible assets

   $ 15.5      $ 20.5      $ (5.0

The decrease in amortization of intangible assets was primarily attributable to the completion of amortization in November 2016 of intangible assets associated with our acquisition of Aviva Global made in July 2008, partially offset by the amortization of intangible assets arising out of our acquisitions of Denali and HealthHelp in January 2017 and March 2017, respectively.

Operating Profit

The following table sets forth our operating profit for the periods indicated:

 

     Year ended March 31,        
     2018     2017     Change  
     (US dollars in millions)  

Operating profit

   $ 94.9     $ 47.2     $ 47.7  

As a percentage of revenue

     12.5     7.8  

As a percentage of revenue less repair payments (non-GAAP)

     12.8     8.2  

Operating profit as a percentage of revenue and revenue less repair payments (non-GAAP) is higher due to higher revenue, no impairment of goodwill in fiscal 2018 as compared to the impairment of goodwill recorded in fiscal 2017, lower amortization expenses and higher foreign exchange gain, partially offset by higher cost of revenue, higher general and administrative expenses and higher selling and marketing expenses, each as described above.

 

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