WNS Holdings (WNS) Reports Q3 EPS of $0.73, Revenues Beat; Offers FY19 EPS Outlook Above Consensus
WNS Holdings (NYSE: WNS) reported Q3 EPS of $0.73, versus $0.66 reported last year. Revenue for the quarter came in at $195.9 million versus the consensus estimate of $195.31 million.
“In the fiscal third quarter, WNS continued to deliver solid financial performance across revenue, margins, profits and cash flow. Third quarter revenue less repair payments* grew 6% year-over-year, or 9% on an organic, constant currency* basis, and adjusted operating margin* expanded to 23%. Adjusted diluted earnings* per ADS increased 12% versus the fiscal third quarter of last year, and cash from operations in the third quarter was the highest in the company’s history,” said Keshav Murugesh, WNS’s Chief Executive Officer. “We will continue to invest in our business to drive differentiated positioning in a healthy BPM marketplace, and the company remains committed to “co-creating” with our clients to deliver long-term sustainable business value for all of our key stakeholders.”
- Revenue less repair payments of $195.9 million, up 5.8% from $185.2 million in Q3 of last year and up 0.2% from $195.5 million last quarter
- Adjusted Net Income (ANI) of $38.0 million, compared to $34.2 million in Q3 of last year and $33.7 million last quarter
- Adjusted diluted earnings per ADS of $0.73, compared to $0.66 in Q3 of last year and $0.65 last quarter
“The company has updated our forecast for fiscal 2019 based on current visibility levels and exchange rates,” said Sanjay Puria, WNS’s Chief Financial Officer. “Our guidance for the year reflects growth in revenue less repair payments* of 6% to 8%, or 9% to 11% on a constant currency* basis. We currently have over 99% visibility to the midpoint of the range.”
GUIDANCE:
WNS Holdings sees FY2019 EPS of $2.62-$2.70, versus the consensus of $2.51. WNS Holdings sees FY2019 revenue of $787-799 million, versus the consensus of $793.04 million.
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