SEC Filings

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

North America (primarily the US)

   $ 83.6      $ 75.6        42.8     41.5

UK

     60.3        59.7        30.8     32.8

Australia

     17.8        16.8        9.1     9.2

Europe (excluding the UK)

     12.5        11.7        6.4     6.4

South Africa

     9.8        10.8        5.0     5.9

Rest of world

     11.4        7.6        5.8     4.2
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 195.5      $ 182.3        100.0     100.0
  

 

 

    

 

 

    

 

 

   

 

 

 

The increase in revenue less repair payments (non-GAAP) 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 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, banking and financial services, and travel verticals. The increase in revenue less repair payments (non-GAAP) 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 less repair payments (non-GAAP) 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. The increase in revenue less repair payments (non-GAAP) from the UK was primarily attributable to higher volumes in our insurance, consulting and professional services, diversified businesses, and shipping and logistics verticals, partially 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 less repair payments (non-GAAP) 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.

Cost of Revenue

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

 

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

Employee costs

   $ 85.0     $ 83.1     $ 1.9  

Facilities costs

     22.5       21.1       1.3  

Depreciation

     4.9       5.1       (0.1

Repair payments

     3.6       4.2       (0.5

Travel costs

     3.5       3.0       0.5  

Legal and professional costs

     2.2       2.1       0.1  

Other costs

     7.3       6.9       0.4  
  

 

 

   

 

 

   

 

 

 

Total cost of revenue

   $ 129.0     $ 125.5     $ 3.5  
  

 

 

   

 

 

   

 

 

 

As a percentage of revenue

     64.8     67.3  

 

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