SEC Filings

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


Table of Contents

Quarterly Results

The following table presents unaudited quarterly financial information for each of our last eight fiscal quarters on a historical basis. We believe the quarterly information contains all adjustments necessary to fairly present this information. As a business process management services provider, we anticipate and respond to demand from our clients. Accordingly, we have limited control over the timing and circumstances under which our services are provided. Typically, we show a decrease in our first quarter operating profit margins as a result of salary increases. For these and other reasons, we can experience variability in our operating results from quarter to quarter. The operating results for any quarter are not necessarily indicative of the results for any future period.

 

    Fiscal 2018     Fiscal 2017  
    Three months ended     Three months ended  
    March 31,
2018
    December 31,
2017
    September 30,
2017
    June 30,
2017
    March 31,
2017
    December 31,
2016
    September 30,
2016
    June 30,
2016
 
    (Unaudited, US dollars in millions)  

Revenue

  $ 202.7     $ 188.6     $ 186.5     $ 180.1     $ 159.4     $ 145.4     $ 149.8     $ 148.0  

Cost of revenue

    128.4       124.4       125.5       124.7       107.4       97.5       99.7       98.7  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross Profit

    74.3       64.1       61.0       55.4       52.0       47.9       50.1       49.3  

Operating expenses:

               

Selling and marketing expenses

    11.8       10.6       10.3       9.0       9.0       7.9       8.0       7.7  

General and administrative expenses

    30.5       28.3       31.3       27.5       27.3       21.5       22.1       20.9  

Foreign exchange loss / (gains), net

    (1.4     (4.4     (4.4     (4.8     (5.7     (6.2     (2.5     (0.1

Impairment of Goodwill

    —         —         —         —         21.7       —         —         —    

Amortization of intangible assets

    4.0       3.9       3.7       3.9       2.9       4.1       7.2       6.3  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit / (loss)

    29.4       25.7       20.1       19.8       (3.3     20.6       15.3       14.5  

Other (income) expense, net

    (3.6     (2.5     (2.4     (2.8     (2.0     (2.2     (2.1     (2.3

Finance expense

    1.1       1.0       1.0       1.1       0.4       —         —         0.1  

Provision for income taxes

    7.3       0.9       2.5       4.7       3.3       4.8       4.7       4.6  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Profit

    24.5       26.3       18.9       16.7       (5.0     18.0       12.6       12.2  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

130