WNS quarterly profit beats estimates

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Reuters - Back-office firm WNS Holdings Ltd reported a quarterly profit that beat Wall Street estimates as it benefited from new bookings and an improvement in the business process outsourcing market.

The company said it was well positioned to beat the top end of its outlook range for the fiscal year ending March 31, 2010.

For fiscal 2010, it sees adjusted net income of $52 million on revenue less repair payments of $390 million.

Second-quarter net income attributable to WNS shareholders rose to $1.4 million, or 3 cents per American Depositary Share, from $0.2 million, or 1 cent per ADS, a year earlier. Excluding items, earnings were 31 cents per ADS.

Revenue rose 2 percent to $153 million. Revenue less repair payments was $100.2 million, an 8.1 percent decline.

Analysts expected earnings of 29 cents a share, excluding exceptional items, on revenue of $99.4 million, according to Thomson Reuters I/B/E/S.

WNS shares closed at $14.36 Tuesday on the New York Stock Exchange.

(Reporting by S. John Tilak in Bangalore; Editing by Aradhana Aravindan)