Wns

WNS June quarter results for FY24: Net profit declines to $30.1 million

Business process management company WNS on Thursday reported a 9 per cent decline in net profit at USD 30.1 million in the June quarter. The NYSE-listed company, which has a major chunk of its operations in the country, had reported a profit after tax of USD 33.1 million in the year-ago period. For the reporting quarter, its revenue grew to USD 326.5 million from USD 295.3 million in the year-ago period, and USD 314.9 million in the preceding March quarter. There was an increase in the operating expenses, which includes selling and marketing expenses, administrative expenses and amortisation, along with a narrowing of forex gains during the quarter, the company said. The finance expenses also more than doubled to USD 7.1 million during the reporting quarter. "Despite the challenging macro environment, WNS grew constant currency revenue less repair payments by more than 17 per cent," its chief executive officer Keshav Murugesh said. The company guided that it expects the revenue l

BPM solutions provider WNS opens second delivery center in Visakhapatnam

The new center will further strengthen WNS' existing capabilities in delivering digital-first industry-specific solutions for diverse industries, including Shipping and Logistics, etc

Global BPM player WNS acquires enterprise automation firm Vuram for $165 mn

Founded in 2011, Vuram has 900 employees at various locations in India, US, Mexico, Australia, Canada, and UK

WNS Holdings net profit rises 10.6% to $34.3 million in third quarter

Despite the ongoing pandemic-related volatility and pressure associated with tight global labour markets, WNS continues to perform well and deliver solid financial results, a company official said

Easier labour laws will help expansion of BPOs in smaller towns: WNS chief

In a Q&A, Keshav Murugesh, Group CEO of the NYSE-listed firm, says his company will continue to hire, but at a slower pace

WNS Q1 net revenue rises 7.9% to $211.6 mn, adjusted net income at $37.6 mn

Operating margin in the first quarter was 16.6 per cent, as compared to 12.6 per cent in Q1 of last year and 15.3 per cent in the previous quarter

WNS posts 34% profit growth in Q1; Organic growth, currency drive numbers

On a sequential basis, margins shrunk due to impact of our annual wage increases; advance hiring and infrastructure build out for project ramps, and higher share-based compensation expense

WNS acquires Texas-based HealthHelp for Rs 632 crore

Nasdaq-listed business process management firm WNS has acquired HealthHelp to enhance its services in the healthcare segment. The company will pay Rs 632 crore ($95 million) to buy Texas-based HealthHelp, which provides benefits management across specialty healthcare areas like radiology, cardiology, oncology, sleep Care, orthopedics, and pain management. Nearly 88 per cent of the transaction amount for this deal was funded by a long-term debt, said a company spokesperson. HealthHelp deal is likely to contribute nearly $2.3 million in revenue for the company in the current fiscal ending March 31, 2017. WNS had a cash pile worth nearly Rs 1000 crore ($150 million) as on December 31, 2016."With this acquisition, WNS has taken a major step forward in strengthening our end-to-end Healthcare and Insurance BPM offerings. The company plans to leverage HealthHelp's industry-leading capability in care management to address the needs of payor, provider and insurance organizations," said ...

WNS Q2 net drops 18% at $12.6 mn y-o-y

Revenue for the quarter rose 6.2% at $149.8 mn