SEC Filings

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


Table of Contents

Revenue Less Repair Payments (non-GAAP) by Geography

The following table sets forth the composition of our revenue less repair payments (non-GAAP) based on the location of our clients in our key geographies for the periods indicated:

 

     Revenue less repair payments
(non-GAAP)
     As a percentage of
revenue less  repair
payments
(non-GAAP)
 
     Three months ended June 30,  
     2018      2017      2018     2017  
     (US dollars in millions)               

North America (primarily the US)

   $ 79.8      $ 73.1        40.7     41.7

UK

     62.5        61.2        31.9     34.9

Australia

     19.7        13.5        10.0     7.7

Europe (excluding the UK)

     11.8        9.9        6.0     5.6

South Africa

     10.9        10.5        5.6     6.0

Rest of world

     11.3        7.1        5.8     4.0
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 196.0      $ 175.3        100.0     100.0
  

 

 

    

 

 

    

 

 

   

 

 

 

The increase in revenue less repair payments (non-GAAP) 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 less repair payments (non-GAAP) 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 less repair payments (non-GAAP) 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 less repair payments (non-GAAP) 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 less repair payments (non-GAAP) from the UK region was primarily attributable to higher volumes in our insurance, 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, and banking and financial services verticals. The increase in revenue less repair payments (non-GAAP) 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.

Cost of Revenue

The following table sets forth the composition of our cost of revenue for the periods indicated:

 

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

Employee costs

   $ 88.7     $ 82.1     $ 6.6  

Facilities costs

     22.3       21.0       1.4  

Depreciation

     4.9       4.7       0.3  

Repair payments

     3.7       4.8       (1.1

Travel costs

     3.0       3.4       (0.4

Legal and professional costs

     2.9       2.8       0.1  

Other costs

     7.4       6.0       1.3  
  

 

 

   

 

 

   

 

 

 

Total cost of revenue

   $ 132.9     $ 124.7     $ 8.1  
  

 

 

   

 

 

   

 

 

 

As a percentage of revenue

     66.5     69.3  

 

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