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
A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The... Jeep, the 4x4 vehicles, which has developed a strong bond with its masters, is aggressively on an expansion mode in its 75th anniversary year. Its fans have always been in love with the famous tag "Go Anywhere, Do Anything." Meat products maker Tyson Foods Inc. (TSN) reported a profit for the first-quarter that increased 49% from last year. It raised its profit outlook for fiscal year 2016 ,but it cut its annual sales guidance.
comments powered by Disqus
Follow RTT