|WNS (HOLDINGS) LTD filed this Form 6-K on 01/31/2019|
The following table presents our results of operations for the periods indicated:
Results for the three months ended December 31, 2018 compared to the three months ended December 31, 2017
The following table sets forth our revenue and percentage change in revenue for the periods indicated:
The increase in revenue of $11.1 million was primarily attributable to an increase in revenue from existing clients of $8.7 million and revenue of $4.2 million from new clients, which were partially offset by a decrease in hedging gain on our revenue by $1.8 million to a gain of $0.1 million (including a loss of $0.03 million reported in revenue due to the adoption of IFRS 9, previously reported in foreign exchange loss / (gains), net) for the three months ended December 31, 2018 from a gain of $1.9 million for the three months ended December 31, 2017. The increase in revenue was primarily attributable to higher volumes in our insurance, shipping and logistics, healthcare, consulting and professional services, banking and financial services, and diversified businesses verticals, partially offset by lower volumes from our travel, and utilities verticals. This increase in revenue was partially offset by a depreciation of the pound sterling, the Australian dollar, the South African rand and the euro by an average of 2.9%, 6.7%, 4.8% and 3.1%, respectively, against the US dollar for the three months ended December 31, 2018 as compared to the respective average exchange rates for the three months ended December 31, 2017.