Published on Tue, Aug 23, 2011 at 18:31 | Source : Moneycontrol.com
Updated at Tue, Aug 23, 2011 at 23:08
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Warburg Pincus not looking to exit WNS
WNS' global chief executive officer Keshav Murugesh said pricing is not an issue for the Nasdaq-listed firm and added he's confident of maintaining its 2011 revenue guidance of USD 387-407 million.
Global business processes outsourcing company WNS says despite the threat of another global downturn, it is focusing on growth and its planned investments. WNS' global chief executive officer Keshav Murugesh said pricing is not an issue for the NYSE-listed firm and added he is confident of maintaining its 2011 revenue guidance of USD 387-407 million.
"Every stakeholder is supporting us brilliantly in terms of our new strategy our new transformation and the new areas of growth that we are pursuing," he said.
He goes on to say that double-dip resonates well for BPOs and thus we are focusing on growth and investments during the downturn. "We will, in fact, spend nearly USD 20 million in capex this year. Our top 10 clients have renewed contracts at the same or even better price. So we see no reason why WNS will not continue to expand margins," he pointed out.
CNBC-TV18 also asked him about the two-year old stake sale saga-is Warburg Pincus 51.12% stake in WNS still on the block or not? "We never called anything on, so we don't know what to say about calling it off," he said.
