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WNS Topped Q1 Estimates, Top Line Up 9.5%

Financial News Network
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July 22, 2011 AT 3:32 AM
WNS (NYSE:WNS) reported Q1 EPS of $0.22, ex-items, ahead of consensus estimates of $0.20 per share. Revenues for the quarter rose 9.5% year-over-year to $97.8 million, topping consensus estimates of $94.5 million.The company sees 2012 revenues of $387 to $407 million, vs. consensus estimates of $395.46 million.Group Chief Executive Officer, Keshav Murugesh said, "Over the last five quarters, we have focused on the execution of our strategy to grow revenues and enhance margins, and we believe the strong first quarter results reflect those efforts. We have enhanced our sales organization, in both size and effectiveness, in line with our focus on domain expertise within our key verticals. In addition to sales, the investments we have made in marketing and branding, technology and internal operations have begun to pay off in the form of increased revenue from existing and new clients. We believe that the environment is improving for quality domain and technology aligned BPO services, and WNS is well-positioned to capitalize on this opportunity despite experiencing macroeconomic headwinds within several of our key verticals. To that end, WNS signed six new clients during the first quarter, in addition to several expansions, and we are optimistic about the number of new opportunities that remain in the pipeline."