BPO major WNS Q3 net profit jumps 53% to USD 6.1 mn
As per the US accounting standards, the company had a net profit of USD 4 million in the same quarter last year, WNS said in a statement.
WNS' revenues grew 2.5 per cent to USD 120.2 million in the reported quarter from USD 117.2 million in the same period last year, it added.
"Revenue was positively impacted by the start of several new projects and broad-based growth across verticals, services and geographies," WNS CEO Keshav Murugesh said.
While some of these new project revenues came with higher costs in the short term, WNS said it is confident that as the processes and relationships mature, margins will expand.
"At a macro level, overall demand for BPO services remains stable and healthy as we enter calendar 2013," Murugesh said.
Excluding repair payments, the company's revenue increased 16.8 per cent to USD 113.5 million in the reported period from USD 97.2 million in Q3 of last year, it added.
WNS has also revised its forecast for revenue (excluding repair payments) to be between USD 437 million and USD 439 million for the fiscal ending March 31, 2013.
"Guidance for the year reflects top line growth of approximately 11 per cent... We will continue to focus on growing revenue and improving operating margin in the fourth quarter and beyond," WNS CFO Deepak Sogani said.
In the July-September quarter, WNS had forecast revenues (excluding repair payments) to
Be the first to comment.