SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 11/05/2018
Entire Document
 


Table of Contents

Operating Profit

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

 

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

Operating profit

   $ 28.8     $ 20.1     $ 8.8  

As a percentage of revenue

     14.5     10.8  

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

     14.7     11.0  

Operating profit as a percentage of revenue and revenue less repair payments (non-GAAP) was 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 lower foreign exchange gains, higher selling and marketing expenses as a percentage of revenue and revenue less repair payments (non-GAAP), and higher amortization of intangible assets.

Other Income, net

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

 

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

Other income, net

   $ (3.0    $ (2.4    $ (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 September 30,         
     2018      2017      Change  
     (US dollars in millions)  

Finance expense, net

   $ 0.8      $ 1.0      $ (0.2

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

Income tax expense

The following table sets forth our income tax expense for the periods indicated:

 

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

Income tax expense

   $ 6.2      $ 2.5      $ 3.7  

The increase in income tax expense is primarily due to higher taxable profits and on account of a non-recurring tax benefit of $1.7 million in the three months ended September 30, 2017 resulting from a corporate legal entity restructuring.

 

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