WNS Q1 Profit Rises; Lifts FY14 Adj. Profit View - Quick Facts

(RTTNews) - WNS (Holdings) Ltd. (WNS) reported that its first-quarter profit increased to $6.7 million or $0.13 per ADS, from $2.8 million or $0.06 per ADS in the same quarter last year.

Adjusted Net Income was $14.4 million, compared to $11.1 million in the prior year. Adjusted earnings per ADS of $0.28, compared to $0.22 in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $122.1 million from $107.8 million in the prior year quarter. Revenue less repair payments was $113.8 million, up 10.9% from $102.6 million last year. Year-over-year, revenue improvement was broad-based with the growth rate paced by strength in the Utilities, Banking & Financial Services, and Retail & CPG verticals. Eight analysts had consensus revenue estimate of $112.91 million for the quarter.

For fiscal 2014, Revenue less repair payments is expected to be between $462 million and $478 million, up from $436.1 million in fiscal 2013. Adjusted Net Income is expected to range between $66 million and $70 million, up from $53.1 million in fiscal 2013. While announcing the fourth-quarter results, the company expected adjusted net income is expected to range between $59 million and $63 million for fiscal 2014. Ten analysts have consensus revenue estimate of $474.88 million for fiscal 2014.