SEC Filings

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


Table of Contents

Revenue Less Repair Payments (non-GAAP) by Geography

The following table sets forth the composition of our revenue less repair payments (non-GAAP) based on the location of our clients in our key geographies for the periods indicated:

 

     Revenue less repair payments
(non-GAAP)
     As a percentage of
revenue less repair
payments (non-GAAP)
 
     Three months ended December 31,  
     2018      2017      2018     2017  
     (US dollars in millions)               

North America (primarily the US)

   $ 81.6      $ 76.8        41.6     41.5

UK

     58.7        57.2        30.0     30.9

Australia

     20.9        19.5        10.7     10.5

Europe (excluding the UK)

     13.9        13.1        7.1     7.1

South Africa

     8.9        10.4        4.6     5.6

Rest of world

     11.9        8.2        6.1     4.4
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 195.9      $ 185.2        100.0     100.0
  

 

 

    

 

 

    

 

 

   

 

 

 

The increase in revenue less repair payments (non-GAAP) 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 less repair payments (non-GAAP) 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 less repair payments (non-GAAP) 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 less repair payments (non-GAAP) 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 less repair payments (non-GAAP) 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 less repair payments (non-GAAP) 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.

Cost of Revenue

The following table sets forth the composition of our cost of revenue for the periods indicated:

 

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

Employee costs

   $ 83.5     $ 81.5     $ 2.0  

Facilities costs

     21.4       21.3       0.1  

Depreciation

     5.1       4.8       0.3  

Repair payments

     3.9       3.4       0.5  

Travel costs

     2.3       3.4       (1.0

Legal and professional costs

     2.3       3.5       (1.2

Other costs

     6.6       6.5       0.2  
  

 

 

   

 

 

   

 

 

 

Total cost of revenue

   $ 125.2     $ 124.4     $ 0.8  
  

 

 

   

 

 

   

 

 

 

As a percentage of revenue

     62.7     66.0  

 

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