SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 11/05/2018
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 September 30,  
     2018      2017      2018     2017  
     (US dollars in millions)               

North America (primarily the US)

   $ 83.6      $ 75.6        42.0     40.5

UK

     63.9        63.9        32.1     34.3

Australia

     17.8        16.8        8.9     9.0

Europe (excluding the UK)

     12.5        11.7        6.3     6.3

South Africa

     9.8        10.8        4.9     5.8

Rest of world

     11.4        7.6        5.7     0.0
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 199.1      $ 186.5        100     100.0
  

 

 

    

 

 

    

 

 

   

 

 

 

The increase in revenue in North America (primarily the US) was primarily attributable to higher volumes in our healthcare, insurance, diversified businesses, shipping and logistics, banking and financial services, and consulting and professional services verticals, partially offset by lower volumes in our travel, and utilities verticals. 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, banking and financial services, and travel verticals. The increase in revenue from Australia was primarily attributable to a higher volume in our insurance vertical, partially offset by a depreciation of the Australian dollar against the US dollar by an average of 7.4% for the three months ended September 30, 2018 as compared to the average exchange rate for the three months ended September 30, 2017, and lower volumes in our travel, and diversified businesses verticals. The increase in revenue from Europe (excluding the UK) was primarily attributable to higher volumes in our travel, banking and financial services, utilities, and shipping and logistics verticals, partially offset by lower volumes in our healthcare, insurance, and diversified businesses verticals. Revenue from the UK was essentially flat despite higher volumes in our insurance, consulting and professional services, diversified businesses, and shipping and logistics verticals, as the increase in revenue from such volume increases were largely offset by a depreciation of the pound sterling against the US dollar by an average of 0.4% for the three months ended September 30, 2018 as compared to the average exchange rate for the three months ended September 30, 2017, and lower volumes in our utilities, travel, banking and financial services, and healthcare verticals. The decrease in revenue from South Africa was primarily attributable to lower volumes in our diversified businesses, and consulting and professional services verticals, and a depreciation of the South African rand against the US dollar by an average of 7.2% for the three months ended September 30, 2018 as compared to the average exchange rate for the three months ended September 30, 2017, partially offset by higher volumes in our banking and financial services, and utilities 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 September 30,  
     2018      2017      Change      % Change  
     (US dollars in millions)                

Revenue less repair payments (non-GAAP)

   $ 195.5      $ 182.3      $ 13.1        7.2

The increase in revenue less repair payments (non-GAAP) of $13.1 million was primarily attributable to revenue less repair payments (non-GAAP) of $10.0 million from new clients and an increase in revenue less repair payments (non-GAAP) from existing clients of $7.2 million, which was partially offset by a decrease in hedging gain on our revenue less repair payments (non-GAAP) by $4.1 million to a loss of $1.5 million (including a loss of $1.2 million reported in revenue less repair payments (non-GAAP) due to the adoption of IFRS 9, previously reported in foreign exchange loss / (gains), net) for the three months ended September 30, 2018 from a gain of $2.6 million for the three months ended September 30, 2017. The increase in revenue less repair payments (non-GAAP) was primarily attributable to higher volumes in our insurance, shipping and logistics, healthcare, consulting and professional services, banking and financial services, and diversified businesses verticals, partially offset by lower volumes from our utilities, and travel verticals. This decrease was contributed by a depreciation of the pound sterling, the Australian dollar, the South African rand and the euro by an average of 0.4%, 7.4%, 7.2% and 1.0%, respectively, against the US dollar for the three months ended September 30, 2018 as compared to the respective average exchange rates for the three months ended September 30, 2017.

 

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