WNS Holdings Q4 net income up at $23 mn; adds 6 clients

A positive business momentum and addition of several new key clients have helped the NYSE- listed WNS (Holdings) post Adjusted Net Income (ANI) of USD 22.9 million in Q4 FY15, up USD 1.9 million as compared to the same period of last year.
During Q4 FY15, the business process management firm's net revenue rose to USD 126.1 million from USD 122.7 million in the same quarter of last year, growing 2.7 per cent on a reported basis and 6.1 per cent on a constant currency basis.
"In the fourth quarter, WNS continued to generate positive business momentum, adding 6 new clients, expanded 5 existing relationships and renewed 13 contracts. We also closed one additional large deal, bringing our full year total to 6," WNS Chief Executive Officer Keshav Murugesh said at a conference call here.

The company's revenue less repair payments stood at USD 503 million in FY15, up 6.7 per cent from USD 471.5 million in fiscal 2014. ANI was USD 92.3 million, compared to USD 72.4 million in fiscal 2014.
WNS generated over USD 95 million in cash from operations, which enabled the company to increase the net cash position at year end to USD 140 million, up 128 per cent from USD 61 million at the end of FY14.
The company has successfully signed its sixth large deal of the year, and the pipeline for large-scale opportunities entering fiscal 2016 remains robust, he said.

As we enter fiscal 2016, the demand environment for business process management remains stable and healthy. NASSCOM has projected low double-digit growth in BPM exports for fiscal 2016 similar to the expected growth rate for fiscal 2015, Murugesh said.

WNS is also aggressively hiring senior leaders, consultants and technical experts to help enhance our analytics team, while working on several technology and automation initiatives designed to create new tools, frameworks and platforms, he said.
The leading provider of global Business Process Management (BPM) services, as of March 31, 2015, had around 30,000 professionals across 37 delivery centres worldwide.
These included centres in India, China, Costa Rica, the UK, Philippines, Poland, Romania, South Africa, Sri Lanka and the United States.