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

North America (primarily the US)

   $ 163.4      $ 148.7        41.0     40.6

UK

     130.2        130.0        32.6     35.6

Australia

     37.5        30.4        9.4     8.3

Europe (excluding the UK)

     24.4        21.6        6.1     5.9

South Africa

     20.7        21.3        5.2     5.8

Rest of world

     22.7        14.7        5.7     4.0
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 398.9      $ 366.6        100.0     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, consulting and professional services, and banking and financial services verticals, partially offset by lower volumes in our utilities, and travel 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 by an average of 3.4% against the US dollar for the six months ended September 30, 2018 as compared to the average exchange rate for the six months ended September 30, 2017, and lower volumes in our travel, utilities, and shipping and logistics verticals. The increase in revenue from Europe (excluding the UK) was primarily attributable to higher volumes in our travel, banking and financial services, utilities, shipping and logistics, and consulting and professional services verticals, partially offset by lower volumes in our insurance, healthcare, and diversified businesses verticals. The increase in revenue from the UK was primarily attributable to higher volumes in our insurance, diversified businesses, consulting and professional services, and healthcare verticals, and an appreciation of the pound sterling by an average of 3.1% against the US dollar for the six months ended September 30, 2018 as compared to the average exchange rate for the six months ended September 30, 2017, partially offset by lower volumes in our utilities, banking and financial services, travel, and shipping and logistics verticals. The decrease in revenue from South Africa was primarily attributable to lower volumes in our diversified businesses, consulting and professional services, and shipping and logistics verticals, and a depreciation of the South African rand by an average of 1.4% against the US dollar for the six months ended September 30, 2018 as compared to the average exchange rate for the six months ended September 30, 2017, partially offset by higher volumes in our banking and financial services, utilities, and travel verticals.

Revenue Less Repair Payments (non-GAAP)

The following table sets forth our revenue less repair payments (non-GAAP) and percentage change in revenue less repair payments (non-GAAP) for the periods indicated:

 

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

Revenue less repair payments (non-GAAP)

   $ 391.5      $ 357.6      $ 33.9        9.5

The increase in revenue less repair payments (non-GAAP) of $33.9 million was primarily attributable to revenue less repair payments (non-GAAP) from new clients of $17.3 million, and an increase in revenue less repair payments (non-GAAP) from existing clients of $23.3 million, partially offset by a decrease in hedging gain on our revenue less repair payments (non-GAAP) by $6.7 million to a loss of $0.7 million (including a loss of $1.0 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 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 less repair payments (non-GAAP) 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.

 

69