WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global business process outsourcing (BPO) services, today announced results for the 2013 fiscal first quarter ended June 30, 2012 and the resignation of Alok Misra, the company’s Chief Financial Officer.
- Revenue of $107.8 million, down 14.2% from $125.7 million in Q1 of last year ( primarily due to change in accounting for repair payments) and down 4.9% from $113.3 million last quarter
- Profit of $2.8 million, compared to $0.7 million in Q1 of last year and $4.4 million last quarter
- Diluted earnings per ADS of $0.06, compared to $0.01 in Q1 of last year and $0.09 last quarter
Non-GAAP Financial Measures*
- Revenue less repair payments of $102.6 million, up 4.9% from $97.8 million in Q1 of last year and up 2.8% from $99.8 million last quarter
- Adjusted Net Income (ANI) of $11.1 million, compared to $10.0 million in Q1 of last year and $13.2 million last quarter
- Adjusted diluted earnings per ADS of $0.22, compared to $0.22 in Q1 of last year and $0.27 last quarter
- Finalized acquisition of Fusion South Africa
- Announced first US delivery center in Columbia, South Carolina
- Added 3 new clients in the quarter, expanded 10 existing relationships
- Days sales outstanding (DSO) at 33 days
- Global headcount of 25,939 as of June 30, 2012
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