logo
Share SHARE
FONT-SIZE Plus   Neg

WNS Q4 Profit Plunges - Quick Facts

WNS (Holdings) Ltd. (WNS), Wednesday, reported a sharp decline in profit for the fourth quarter as revenues dropped 28.9 percent. The company also provided a guidance for fiscal 2013.

The India-based company reported a fourth-quarter net profit of $4.4 million or $0.09 per ADS, compared to $8.8 million or $0.19 per ADS last year.

Adjusted net income for the quarter declined to $13.2 million or $0.27 per ADS from $18.2 million or $0.40 per ADS in the prior-year quarter. On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter dropped 28.9 percent to $113.3 million from $159.5 million in the prior-year quarter.

For the quarter, revenue less repair payments, a non-GAAP measure, rose 5.9 percent to $99.8 million from $94.3 million in the prior-year quarter. Nine analysts had a consensus revenue estimate of $96.93 million for the quarter.

Looking ahead, the company expects full-year 2013 net income to range between $49 million and $53 million. Revenues less repair payments for the year are anticipated in the range of $410 million and $430 million. Analysts currently expect earnings of $1.05 per share for the year, with revenues of $422.52 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
TCL Communications CEO Nicolas Zibell announced the plan to launch new Blackberry brand smartphone with superior security features. The new android phone BlackBerry KeyOne will be a beginning of a new story, he noted. Though the iPhones with smarter and popular features killed the Canadian smartphone maker, the BlackBerry brand has been maintaining strong fan-following around the globe. Its secu In response to stiff competition from its rivals, AT&T Inc. has lowered the price of its unlimited data plan and is also offering a video credit if customers subscribe to a video service plan. The unlimited mobile data plan was made available to all AT&T customers less than two weeks ago. The plan for a single phone will now cost $90 for the first line, a price cut of $10. Discount-store operator Target, Inc. on Tuesday reported a 43 percent decline in profit in the fourth quarter from last year, reflecting lower sales and weaker margins. In addition, the prior-year period's results included a one-time gain. Adjusted earnings per share for the latest quarter missed analysts' expectations.
comments powered by Disqus
Follow RTT