WNS Announces Fourth Quarter and Full Year Fiscal 2010 Earnings
Updates Guidance for Fiscal 2011
Quarterly and Annual Revenue Increases 24.6% and 11.8%
Over the Corresponding Period in the Prior Fiscal Year (As Restated);
Quarterly and Annual Revenue Less Repair Payments Increases 1.8% and 1.4%
Over the Corresponding Period in the Prior Fiscal Year (As Restated)
NEW YORK and MUMBAI, May 21, 2010 — WNS (Holdings) Limited (NYSE: WNS), a leading provider
of global business process outsourcing (BPO) services, today announced results for the fiscal fourth quarter and
year ended March 31, 2010, and updated its guidance on revenue less repair payments and adjusted net income
(ANI) (or net income attributable to WNS shareholders excluding amortization of intangible assets, share-based
compensation and gain/loss attributable to non-controlling interest) for fiscal 2011, due to the increased volatility
in exchange rates.
Fiscal Q4 2010
Revenue for the fiscal fourth quarter 2010 of $157.6 million represented an increase of 24.6% over the
corresponding quarter in the prior fiscal year, while revenue less repair payments at $96.7 million increased 1.8%
over the corresponding quarter in the prior fiscal year. The growth in revenue less repair payments largely
resulted from the impact of a stronger British Pound (GBP), and increased transaction volumes from new clients.
This growth was offset by transaction volume declines in the travel and insurance industries and the second year
pricing terms for the Aviva Global Services (AGS) contract.
Net income for the fiscal fourth quarter 2010 was $1.0 million compared to $2.5 million during the corresponding
quarter in the prior fiscal year. The net income in the fiscal fourth quarter was impacted primarily by the stronger
Indian Rupee (INR), transaction volume declines in the travel and insurance industries, one-time severance costs
of $2.1 million associated with changes in senior management, and lower revenues resulting from the second year