WNS Holdings Q3 Profit Rises; Updates FY15 Guidance - Quick Facts

(RTTNews) - WNS (Holdings) Limited (WNS) reported third-quarter profit of $16.5 million, compared to $12.2 million, last year. Earnings per ADS was $0.31, compared to $0.23. Adjusted earnings per ADS was $0.47, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.38 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $136.0 million from $127.1 million, last year. Revenue less repair payments was $128.4 million, compared to $119.6 million. Analysts expected revenue of $129.26 million for the quarter.

The company said, year-over-year, third-quarter revenue was adversely impacted by the transition of a large online travel agency (OTA) client to another OTA pursuant to a strategic marketing agreement, and pricing and productivity headwinds from a five plus year contract extension with Aviva. These headwinds were more than offset by broad-based revenue growth across the company's core verticals and service offerings.

WNS has updated guidance for the fiscal year ending March 31, 2015. Revenue less repair payments is expected to be between $502 million and $505 million. The company expects adjusted earnings per ADS to be in the range of $1.69 to $1.73. Analysts expect the company to report fiscal year earnings per share of $1.61 on revenue of $510.59 million.