SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 01/31/2019
Entire Document
 


Table of Contents

Results of Operations

The following table sets forth certain financial information as a percentage of revenue and revenue less repair payments (non-GAAP) for the periods indicated:

 

     As a percentage of     As a percentage of  
     Revenue     Revenue less
repair payments
(non-GAAP)
    Revenue     Revenue less
repair payments
(non-GAAP)
 
     Three months ended December 31,     Nine months ended December 31,  
     2018     2017     2018     2017     2018     2017     2018     2017  

Cost of revenue

     62.7     66.0     61.9     65.4     64.7     67.5     64.0     66.7

Gross profit

     37.3     34.0     38.1     34.6     35.3     32.5     36.0     33.3

Operating expenses:

                

Selling and marketing expenses

     5.5     5.6     5.6     5.7     5.6     5.4     5.7     5.5

General and administrative expenses

     14.1     15.0     14.4     15.3     14.0     15.7     14.3     16.0

Foreign exchange loss/(gains), net

     (0.9 )%      (2.3 )%      (0.9 )%      (2.4 )%      (0.8 )%      (2.4 )%      (0.9 )%      (2.5 )% 

Amortization of intangible assets

     2.0     2.1     2.0     2.1     2.0     2.1     2.0     2.1

Operating profit

     16.7     13.6     17.0     13.9     14.6     11.8     14.9     12.1

Other (income)/expense, net

     (1.8 )%      (1.3 )%      (1.9 )%      (1.3 )%      (1.7 )%      (1.4 )%      (1.7 )%      (1.4 )% 

Finance expense, net

     0.4     0.5     0.4     0.5     0.4     0.6     0.4     0.6

Income tax expense

     3.8     0.5     3.9     0.5     3.2     1.5     3.3     1.5

Profit after tax

     14.3     13.9     14.6     14.2     12.7     11.1     12.9     11.4

The following table reconciles revenue (a GAAP financial measure) to revenue less repair payments (a non-GAAP financial measure) and sets forth payments to repair centers and revenue less repair payments (non-GAAP) as a percentage of revenue for the periods indicated:

 

     Three months ended December 31,     Nine months ended December 31,  
     2018      2017      2018     2017     2018      2017      2018     2017  
     (US dollars in millions)                  (US dollars in millions)               

Revenue

   $ 199.7      $ 188.6        100.0     100.0   $ 598.6      $ 555.2        100.0     100.0

Less: Payments to repair centers

     3.9        3.4        1.9     1.8     11.3        12.5        1.9     2.2

Revenue less repair payments (non-GAAP)

   $ 195.9      $ 185.2        98.1     98.2   $ 587.4      $ 542.8        98.1     97.8

 

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