SEC Filings

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


Table of Contents

Results for the six months ended September 30, 2018 compared to the six months ended September 30, 2017

The following table sets forth our revenue and percentage change in revenue for the periods indicated:

Revenue

 

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

Revenue

   $ 398.9      $ 366.6      $ 32.2        8.8

The increase in revenue of $32.2 million was primarily attributable to revenue from new clients of $17.5 million, and an increase in revenue from existing clients of $21.5 million, partially offset by a decrease in hedging gain on our revenue by $6.7 million to a loss of $0.7 million (including a loss of $1.0 million reported in revenue due to the adoption of IFRS 9, previously reported in foreign exchange loss / (gains), net) for the six months ended September 30, 2018 from a gain of $6.0 million for the six months ended September 30, 2017. The increase in revenue was primarily attributable to higher volumes in our insurance, shipping and logistics, healthcare, diversified businesses, consulting and professional services, travel, and banking and financial services verticals, and an appreciation of the euro and the pound sterling against the US dollar by an average of 3.7%, and 3.1%, respectively, for the six months ended September 30, 2018 as compared to the respective average exchange rates for the six months ended September 30, 2017, partially offset by a depreciation of the Australian dollar, and the South African rand against the US dollar by an average of 3.4%, and 1.4%, respectively, for the six months ended September 30, 2018 as compared to the respective average exchange rates for the six months ended September 30, 2017, and a lower volume in our utilities vertical.

 

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