SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 08/06/2018
Entire Document
 


Table of Contents

Revenue by Geography

The following table sets forth the composition of our revenue based on the location of our clients in our key geographies for the periods indicated:

 

     Revenue      As a percentage of
Revenue
 
     Three months ended June 30,  
     2018      2017      2018     2017  
     (US dollars in millions)               

North America (primarily the US)

   $ 79.8      $ 73.1        39.9     40.6

UK

     66.2        66.1        33.2     36.7

Australia

     19.7        13.5        9.8     7.5

Europe (excluding the UK)

     11.8        9.9        5.9     5.5

South Africa

     10.9        10.5        5.5     5.8

Rest of world

     11.3        7.1        5.7     3.9
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 199.8      $ 180.1        100.0     100.0
  

 

 

    

 

 

    

 

 

   

 

 

 

The increase in revenue in North America (primarily the US) region was primarily attributable to higher volumes in our diversified businesses, healthcare, insurance, shipping and logistics, consulting and professional services, and travel verticals, partially offset by lower volumes in our utilities, and banking and financial services verticals. The increase in revenue from the Australia region was primarily attributable to a higher volume in our insurance vertical, partially offset by a lower volume in our utilities vertical. The increase in revenue from the Rest of world region was primarily attributable to higher volumes in our shipping and logistics, and healthcare verticals, partially offset by lower volumes in our diversified businesses, and banking and financial services verticals. The increase in revenue from the Europe (excluding the UK) region was primarily attributable to higher volumes in our travel, banking and financial services, utilities, and consulting and professional services verticals, partially offset by lower volumes in our insurance, and diversified businesses verticals. The increase in revenue from the South Africa region was primarily attributable to higher volumes in our banking and financial services , utilities, diversified businesses, and travel verticals, and an appreciation of the South African rand against the US dollar by an average of 4.3% for the three months ended June 30, 2018 as compared to the average exchange rate for the three months ended June 30, 2017, partially offset by a lower volume in our consulting and professional services vertical. The marginal increase in revenue from the UK region was primarily attributable to higher volumes in our diversified businesses, healthcare, consulting and professional services, and travel verticals, and an appreciation of the pound sterling against the US dollar by an average of 6.7% for the three months ended June 30, 2018 as compared to the average exchange rate for the three months ended June 30, 2017, partially offset by lower volumes in our utilities, shipping and logistics, insurance, and banking and financial services verticals.

Revenue Less Repair Payments (non-GAAP)

The following table sets forth our revenue less repair payment (non-GAAP) and percentage change in revenue less repair payments (non-GAAP) for the periods indicated:

 

     Three months ended June 30,                
     2018      2017      Change      % Change  
     (US dollars in millions)                

Revenue less repair payments (non-GAAP)

   $ 196.0      $ 175.3      $ 20.8        11.8

The increase in revenue less repair payments (non-GAAP) of $20.8 million was primarily attributable to revenue less repair payments (non-GAAP) of $17.4 million from new clients and an increase in revenue less repair payments (non-GAAP) from existing clients of $5.9 million, which was partially offset by a decrease in hedging gain on our revenue less repair payments (non-GAAP) by $2.6 million to a gain of $0.8 million for the three months ended June 30, 2018 from a gain of $3.4 million for the three months ended June 30, 2017. The increase in revenue less repair payments (non-GAAP) was primarily attributable to higher volumes in our insurance, shipping and logistics, healthcare, diversified businesses, travel, consulting and professional services, and banking and financial services verticals. This increase was contributed by an appreciation of the pound sterling, South African rand and euro by an average of 6.7%, 4.3% and 8.7%, respectively, against the US dollar for the three months ended June 30, 2018 as compared to the respective average exchange rates for the three months ended June 30, 2017, partially offset by a lower volume in our utilities vertical.

 

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