logo
Share SHARE
FONT-SIZE Plus   Neg

WNS Q4 Profit Plunges - Quick Facts

WNS (Holdings) Ltd. (WNS: Quote), 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
Gas explosion in Fresno in California injured 11 people on Friday afternoon. Pacific Gas and Electric Co. (PG&E) said workers who are not affiliated with the company have struck a 12-inch natural gas transmission pipeline and the gas leaked was ignited due to the dig-in. Verizon Communications' FiOS TV service has modified its programming bundles and will now offer new packages so that users can subscribe only for channels they prefer to watch. Instagram, the photo sharing app owned by Facebook, has updated its community guidelines to disallow nudity and harassment in uploaded photos and pictures, as well as cyber bullying.
comments powered by Disqus
Follow RTT