WNS (Holdings) Limited (NYSE:WNS) revealed its second quarter earnings results on Thursday 15th October 2020 before market open.
The business process management provider, reported $ 0.56 income per share for the quarter. On adjusted basis, WNS (Holdings) Limited reported income for the quarter of $ 0.73 per share, beat the consensus estimate of $ 0.53 income per share by $ 0.2 or 37.74 percent. The quarterly earnings gained 93.10 percent compared with the same quarter last year.
The firm had revenue of $ 222.60 million for the quarter, compared to the consensus estimate of $ 204.47 million. The revenues outshined analysts estimates by $ 18.13 million or 8.87 percent. Earlier, for the second quarter the WNS (Holdings) Limited expected revenue in the range between $ 198.00 million ~ $ 208.00 million. The financial report showed revenues escalated 7.12 percent versus second quarter of last year.
Moving forward, WNS announced revenue outlook for 2021 to a range of $ 830.00 million ~ $ 854.00 million, At the same time, earnings estimate in a range of $ 2.33 ~ $ 2.48 per share.Wall street analysts expected 2021 income of $ 2.33 per share on revenue of $ 848.47 million.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Keshav Murugesh, Chief Executive Officer, said, In the fiscal second quarter, WNS made solid progress growing our top line, adjusting our cost structure, and ensuring our ability to service clients requirements in a difficult business environment. As a result we were able to post solid sequential revenue growth and healthy margins. We are also pleased that visibility has now improved to the point where the company is comfortable providing annual guidance. Looking forward, while we are seeing some delays in converting larger signed deals into revenue, we are pleased with the overall health of the sales pipeline including new opportunity additions, progress of deals through the pipeline, and contract signings for both new logos and existing client expansions.
