WNS Tops Q3 Consensus; Lifts FY22 Outlook

WNS (Holdings) Ltd WNS reported third-quarter FY21 revenue growth of 19.2% year-on-year to $284.1 million.
Revenue less repair payments were $261.2 million, up 16.3% Y/Y, beating the consensus of $255.7 million.
New client additions, expanding existing relationships, increased travel volumes, and currency movements net of hedging drove the growth.
WNS added 11 new clients in the quarter and expanded 26 existing relationships.
WNS maintained adjusted operating margins above 21%.
Adjusted earnings per ADS of $0.88 beat the consensus of $0.83.
WNS held $372.1 million in cash and investments and generated $56.9 million in operating cash flow.
Outlook: WNS raised FY22 Revenue less repair payments outlook from $0.984 billion - $1.016 billion to $1.008 billion - $1.022 billion versus the consensus of $1.01 billion.
WNS lifted FY22 adjusted earnings per ADS guidance from $3.18 - $3.34 to $3.30 - $3.38 versus the consensus of $3.32.
Price Action: WNS shares closed lower by 3.86% at $87.22 on Wednesday.

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