SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 01/17/2019
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Fiscal Q3 2019

WNS (Holdings) Limited

 

 

 

 

Reconciliation of profit / (loss) (GAAP) to ANI (non-GAAP)

 

     Three months ended  
     Dec 31,
2018
    Dec 31,
2017
    Sep 30,
2018
 
     (Amounts in millions)  

Profit (GAAP)

   $ 28.6     $ 26.3     $ 24.8  

Add: Share-based compensation expense

     7.7       7.2       8.1  

Add: Amortization of intangible assets

     3.9       3.9       4.0  

Less: Tax impact on share-based compensation expense(1)

     (1.5     (2.0     (2.1

Less: Tax impact on amortization of intangible assets(1)

     (0.8     (1.3     (1.1

Adjusted Net Income (excluding share-based compensation expense and amortization of intangible assets, including tax effect thereon) (non-GAAP)

   $ 38.0     $ 34.2     $ 33.7  

 

(1) 

The company applies GAAP methodologies in computing the tax impact on its non-GAAP ANI adjustments (including amortization of intangible assets and share-based compensation expense). The company’s non-GAAP tax expense is generally higher than its GAAP tax expense if the income subject to taxes is higher considering the effect of the items excluded from GAAP profit to arrive at non-GAAP profit.

 

     Three months ended  
     Dec 31,
2018
    Dec 31,
2017
    Sep 30,
2018
 

Profit as a percentage of revenue (GAAP)

     14.3     13.9     12.5

Adjusted net income (excluding share-based compensation expense and amortization of intangible assets including tax effect thereon) as a percentage of revenue less repair payments (non-GAAP)

     19.4     18.4     17.2

Reconciliation of basic earnings per ADS (GAAP to non-GAAP)

 

     Three months ended  
     Dec 31,
2018
    Dec 31,
2017
    Sep 30,
2018
 

Basic earnings per ADS (GAAP)

   $ 0.57     $ 0.52     $ 0.50  

Add: Adjustments for share-based compensation expense and amortization of intangible assets

     0.23       0.22       0.23  

Less: Tax impact on share-based compensation expense and amortization of intangible assets

     (0.04     (0.06     (0.06

Adjusted basic earnings per ADS (excluding share-based compensation expenses and amortization of intangible assets, including tax effect thereon) (non-GAAP)

   $ 0.76     $ 0.68     $ 0.67  

 

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