SEC Filings

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


Table of Contents

Results for the nine months ended December 31, 2018 compared to the nine months ended December 31, 2017

The following table sets forth our revenue and percentage change in revenue for the periods indicated:

Revenue

 

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

Revenue

   $ 598.6      $ 555.2      $ 43.4        7.8

The increase in revenue of $43.4 million was primarily attributable to an increase in revenue from existing clients of $41.2 million and revenue from new clients of $10.7 million, partially offset by a decrease in hedging gain on our revenue by $8.5 million to a loss of $0.6 million (including a loss of $1.0 million reported in revenue due to the adoption of IFRS 9, previously reported in foreign exchange loss / (gains), net) for the nine months ended December 31, 2018 from a gain of $7.9 million for the nine months ended December 31, 2017. The increase in revenue was primarily attributable to higher volumes in our insurance, shipping and logistics, healthcare, diversified businesses, consulting and professional services, and banking and financial services verticals, and an appreciation of the euro and the pound sterling against the US dollar by an average of 1.4%, and 1.1%, respectively, for the nine months ended December 31, 2018 as compared to the respective average exchange rates for the nine months ended December 31, 2017, partially offset by a depreciation of the Australian dollar, and the South African rand against the US dollar by an average of 4.5%, and 2.6%, respectively, for the nine months ended December 31, 2018 as compared to the respective average exchange rates for the nine months ended December 31, 2017, and lower volumes in our utilities, and travel verticals.

 

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