J.P. Morgan Comments On WNS Holdings Analyst Day

According to J.P. Morgan, WNS Holdings WNS held its F4Q earnings call and its analyst day in NYC last week, which included presentations from various business heads. J.P. Morgan said that WNS also issued FY12 guidance, which was basically in line and encouraging at the top end. “The company expects a back end loaded year in FY12, which combined with the top end of guidance suggests double-digit revenue growth by year-end—the first instance of such growth since Dec 07 (on organic constant FX basis). At the analyst day, WNS stopped short of providing long-term guidance but was confident that its restructuring efforts will result in at least industry-average growth in revenue and earnings starting next year. Overall, we think WNS is making the right moves, but patience is required, which is why we are incrementally more positive on WNS but remain UW (given its continued slower than industry average growth rate, at least over the near term).” WNS Holdings closed on Thursday at $9.87.