WNS (Holdings) Ltd., a supplier of worldwide enterprise course of administration (BPM) options, reported first-quarter net profit declined to $30.1 million in contrast with $33.1 million within the year-earlier interval.
“Year-over-year profit decreased as a result of wage increases, increased return-to-office costs, higher share-based compensation expense, and increased costs associated with our acquisitions including amortisation of intangibles, interest expense, and other acquisition-related expenses,” the corporate stated in a press release.
“These headwinds were partially offset by revenue growth and favourable currency impacts,” the corporate stated.
During the quarter, the corporate’s revenues grew 10.5% to $326.5 million YoY. Net income grew to $317.5 million, up by 17.5% y-o-y on a relentless forex foundation. Keshav R. Murugesh, Group CEO, WNS stated, “In the fiscal first quarter, WNS continued to deliver healthy financial results and position our business for long-term success.”
“Despite the challenging macro environment, WNS grew constant currency revenue less repair payments by more than 17% and maintained our industry-leading adjusted operating margins,” he stated.
“Our updated guidance and visibility demonstrate the healthy and resilient nature of our business, and we believe WNS remains well-positioned to meet the evolving needs of our clients. This includes ongoing technology and automation advancements such as AI and Generative AI,” he added.
“The company remains focused on investing in domain, technology and talent, driving strong operational and financial execution, and delivering long-term sustainable value for all of our stakeholders,” he additional stated.
