WNS Holdings (WNS) Tops Q3 EPS by 7c, FY17 Guides Higher
WNS Holdings (NYSE: WNS) reported Q3 EPS of $0.49, $0.07 better than the analyst estimate of $0.42. Revenue for the quarter came in at $139.8 million versus the consensus estimate of $137.65 million.
GUIDANCE:
WNS Holdings sees FY2017 EPS of $1.72-$1.76, versus the consensus of $1.67. WNS Holdings sees FY2017 revenue of $564-568 million, versus the consensus of $463.4 million.
"In the fiscal third quarter, WNS continued to deliver solid revenue growth, margins and cash flow, and to strategically invest for the future. The company is leveraging our healthy balance sheet, having repurchased over one million shares of stock in Q3, and just last week announcing the acquisition of Denali Sourcing Services (Denali)," said Keshav Murugesh, WNS’s Chief Executive Officer. "Denali provides industry-leading capability and thought leadership in procurement BPM and, in combination with WNS’ existing Procure-to-Pay offerings, will enable us to deliver end-to-end, Source-to-Pay solutions. We expect this strategic asset will tap a high-growth, high-value area of BPM, provide a recurring US-based revenue stream, enable cross-selling opportunities, be accretive to earnings, and be leverageable across verticals."
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