SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 01/31/2019
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
 
     Three months ended December 31,  
     2018      2017      2018     2017  
     (US dollars in millions)               

North America (primarily the US)

   $ 81.6      $ 76.8        40.8     40.7

UK

     62.6        60.7        31.3     32.2

Australia

     20.9        19.5        10.4     10.3

Europe (excluding the UK)

     13.9        13.1        7.0     6.9

South Africa

     8.9        10.4        4.5     5.5

Rest of world

     11.9        8.2        6.0     4.3
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 199.7      $ 188.6        100.0     100.0
  

 

 

    

 

 

    

 

 

   

 

 

 

The increase in revenue in North America (primarily the US) was primarily attributable to higher volumes in our healthcare, diversified businesses, shipping and logistics, insurance, consulting and professional services, and banking and financial services verticals, partially offset by lower volumes in our travel, and utilities 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 travel, diversified businesses, and banking and financial services verticals. The increase in revenue from the UK was primarily attributable to higher volumes in our insurance, diversified businesses, consulting and professional services, and banking and financial services verticals, partially offset by a depreciation of the pound sterling against the US dollar by an average of 2.9% for the three months ended December 31, 2018 as compared to the average exchange rate for the three months ended December 31, 2017, and lower volumes in our travel, utilities, and shipping and logistics verticals. The increase in revenue from Australia was primarily attributable to higher volumes in our insurance and utilities verticals, partially offset by a depreciation of the Australian dollar against the US dollar by an average of 6.7% for the three months ended December 31, 2018 as compared to the average exchange rate for the three months ended December 31, 2017, and a lower volume in our travel vertical. The increase in revenue from Europe (excluding the UK) was primarily attributable to higher volumes in our travel, utilities, banking and financial services, and shipping and logistics verticals, partially offset by lower volumes in our insurance, and healthcare verticals. The decrease in revenue from South Africa was primarily attributable to a lower volume in our diversified businesses vertical, and a depreciation of the South African rand against the US dollar by an average of 4.8% for the three months ended December 31, 2018 as compared to the average exchange rate for the three months ended December 31, 2017, partially offset by higher volumes in our banking and financial services, and utilities verticals.

Revenue Less Repair Payments (non-GAAP)

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

 

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

Revenue less repair payments (non-GAAP)

   $ 195.9      $ 185.2      $ 10.7        5.8

The increase in revenue less repair payments (non-GAAP) of $10.7 million was primarily attributable to an increase in revenue less repair payments (non-GAAP) from existing clients of $8.5 million and revenue less repair payments (non-GAAP) of $4.0 million from new clients, which were partially offset by a decrease in hedging gain on our revenue less repair payments (non-GAAP) by $1.8 million to a gain of $0.1 million (including a loss of $0.03 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 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 less repair payments (non-GAAP) 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 less repair payments (non-GAAP) 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.

 

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