WNS Q2 Earnings Soar, Results Beat Estimates; Raises FY Earnings Guidance

(RTTNews) - Business outsourcing firm WNS (Holdings) Ltd. (WNS) Thursday said its second-quarter profit surged amid higher revenues and foreign exchange gains. Profit and revenues also topped analysts' estimates.

Net profit increased to $15.3 million or $0.29 per ADS, from $9.3 million or $0.18 per ADS last year. Excluding certain items, the company recorded a profit of $23.9 million or $0.45 per ADS, compared with last year's $17.2 million or $0.33 per ADS.

On an average, eleven analysts polled by Thomson-Reuters, estimated earnings of $0.38. Analysts' estimates typically exclude one-time items.

The company's revenues grew to $134.1 million from $123.1 million in the previous year. Analysts expected revenues of $125.9 million.

WNS increased its earnings guidance for fiscal year, narrowing adjusted earnings to $1.56 to $1.63 up from previous guidance of $1.52 to $1.63. It expects revenues less repairs in the range of $500 million to $516 million, compared with previous guidance of $501 million to $528 million.

Wall Street is looking for earnings of $1.59 and revenues of $514.82 million for the full year.