logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walmart is ditching its dress code policy and is testing a new dress code that will allows "associates" to wear blue denim and shirts of any solid color. The updated dress coded guidelines now allow employees to wear blue "jeggings" and blue jeans and shirts of any solid color, according to a Walmart... Canadian investment firm Fairfax Financial Holdings Ltd. has submitted a "stalking horse" bid worth C$300 million, or $237 million, for the Canadian unit of Toys "R" Us, according to court documents. A stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on its assets. The car rental market in the U.S. is consolidating as large car rental companies are buying smaller, local companies to expand their portfolio of premium and value brands. The key players in the U.S. market include Enterprise Holdings, Hertz Global Holding and Avis Budget Group. Let's take a look at some of the best and worst car rental companies in the U.S.
Follow RTT