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    HomeNewsBusinessCompaniesWNS Holdings Q4 beats Street, sees strong FY12 revenue

    WNS Holdings Q4 beats Street, sees strong FY12 revenue

    Indian back-office company WNS Holdings Ltd posted a better-than-expected quarterly profit, helped by new client additions and a stronger British pound, and forecast strong fiscal 2012 revenue.

    April 20, 2011 / 17:36 IST

    Indian back-office company WNS Holdings Ltd posted a better-than-expected quarterly profit, helped by new client additions and a stronger British pound, and forecast strong fiscal 2012 revenue.


    The India-based company which competes with bigger rivals Genpact and ExlService, expects 2012 revenue of USD 383-USD 407 million, after adjusting for repair payments -- ahead of analysts' expectations of USD 400.5 million, according to Thomson Reuters I/B/E/S.


    The company expects full-year adjusted profit of USD 43- USD 47 million.


    Last week, Infosys Technologies Ltd, seen as a benchmark for the Indian outsourcing sector, sparked worries about the sector's growth after it forecast lower-than-expected annual sales on slower client spending.


    WNS posted a fourth-quarter profit of 32 cents per American Depository Share (ADS) and revenue of USD 94.3 million, after adjusting for repair payments.


    Analysts were expecting a profit of 31 cents per ADS on revenue of USD 93.8 million.

    Revenue slipped 2.5% from last year as a result of lower volumes and lower pricing.

    first published: Apr 20, 2011 04:58 pm

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