WNS Q2 Profit Up, Beats Estimates - Quick Facts

(RTTNews) - WNS (Holdings) Limited (WNS), a Business Process Outsourcing service provider, Wednesday reported an increase in the second-quarter profit, on higher revenues. Earnings also surpassed the Street estimates. For the three-month period, the company reported profit of $9.3 million or $0.18 per ADS, compared with $4.3 million or $0.08 per ADS during the same quarter last year.

Adjusted income for the period was  $17.2 million or $0.33 per share. On average, ten analysts polled by Thomson Reuters expected earnings per share of $0.31 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenues rose 8.8 percent to $113.1 million, from $123.1 million last year. Analysts expected the company to generate revenues of $116.16 million.

For the full year 2014, the company updated its revenues guidance to be between $464 million and $476 million, up from $436.1 million in fiscal 2013. Adjusted net income is expected to be in the range between $68 million and $72 million, up from $53.1 million in fiscal 2013. Analysts expect the company to report earnings of $1.29 per share, on revenues of $475.31 million. Separately, the company said that Vice Chairman Adrian Dillon, who joined the company's Board of Directors in September 2012, will assume the role of Chairman effective January 1, 2014. Dillon will replace Eric Herr, who was recently appointed Chairman of the New Hampshire Governor's Commission on State Government Innovation, Efficiency and Transparency, and will remain on the WNS Board.