SEC Filings

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


Table of Contents

Operating Profit

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

 

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

Operating profit

   $ 25.3     $ 19.8     $ 5.5  

As a percentage of revenue

     12.6     11.0  

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

     12.9     11.3  

Operating profit as a percentage of revenue and revenue less repair payments (non-GAAP) is higher due to higher revenues, lower cost of revenue as a percentage of revenue and revenue less repair payments (non-GAAP), and lower general and administrative expenses as a percentage of revenue and revenue less repair payments (non-GAAP), partially offset by higher selling and marketing expenses as a percentage of revenue and revenue less repair payments (non-GAAP) and lower foreign exchange gains.

Other income, net

The following table sets forth our other income, net for the periods indicated:

 

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

Other income, net

   $ (3.3    $ (2.8    $ (0.6

Other income was higher primarily due to a movement from dividend scheme to growth scheme in relation to our liquid mutual fund investments and higher yield on our cash and cash equivalents and investments.

Finance Expense, Net

The following table sets forth our finance expense, net for the periods indicated:

 

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

Finance expense, net

   $ 0.8      $ 1.1      $ (0.3

Finance expense, net decreased primarily on account of a loan principal repayment resulting in lower interest on lower principal amount outstanding of long term loans taken for the acquisition of Denali and HealthHelp.

Provision for Income Taxes

The following table sets forth our provision for income taxes for the periods indicated:

 

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

Provision for income taxes

   $ 5.4      $ 4.7      $ 0.6  

The increase in provision for income taxes is higher primarily due to higher taxable profits, partially offset by one-time tax credit of $0.9 million on account of recognition of deferred tax asset on past tax losses.

 

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