WNS Earns 33 Cents Per Share (WNS)

Mumbai, India-based WNS (Holdings) Limited WNS released financial results on Tuesday morning that beat Wall Street earnings estimates. WNS (Holdings) Limited announced that its fiscal 3rd quarter net income climbed to $5.8 million, or 13 cents per share, up from $0.3 million, or 1 cent per share, a year earlier. Excluding special items, the company reported earnings of 33 cents per share. The company reported revenue of $152.7 million, up 4.7% from $145.8 million a year earlier. However, revenue less repair payments fell 3.7% to $92.7 million, compared to $96.3 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 30 cents per share, on revenue of $93.2 million. Group chief executive officer Keshav Murugesh said, “I am pleased that, despite the seasonal challenges in the travel business, we were able to improve our bottom line performance again this quarter. Our cost optimization and operational efficiency programs should have a positive impact moving forward as well." The company forecast full year adjusted net income in the range of $44 million to $47 million. WNS (Holdings) Limited (WNS) finished the previous trading day at $11.85 per share. The consensus price target of analysts covering the company's stock is $11.85 per share. WNS (Holdings) Limited is a leading global business process outsourcing company that delivers an entire spectrum of business process outsourcing services such as finance and accounting, customer care, technology solutions, research and analytics and industry specific back office and front office processes. Read more from Benzinga's Company news.