Financial Results
published on Jan 17, 2019
Report Overview:
Report Outline:
WNS has announced results for Q3 FY 2019, for the period ending December 31, 2018:
- Net revenues (less repair payments) were $195.9m, up 5.8% y/y, up 9.1% in CC
- EBIT was $33.4m, a margin of 17.0%, up 3.2bps y/y
Q3 FY19 net revenue (and y/y growth) by service line was:
- Industry specific $78.7m +22.5%
- Autoclaim $4.9m +7.0%
- Contact center $42.1m -11.3%
- F&A $43.0m +6.0%
- Research & analytics $23.6m +1.8%
- Technology services $2.6m -38.3%
- Legal services $0.9m -1.9%
- HRO $0.2m
Q3 FY19 revenue share (with NH estimates of net revenue and y/y growth) by region was:
- Europe 7.1% ($13.9m, +6.2 %)
- North America 41.6% ($81.6m, +6.2%)
- U.K. 30.0% ($58.7m, +2.6%)
- South Africa 4.6% ($8.9m, -14.0%)
- Others 16.7% ($32.8m, +18.5%).
Q3 FY19 revenue (and y/y growth) by sector was:
- Travel and leisure $31.4m, -11.7%
- Insurance $52.7m, +13.8%
- Healthcare $31.3m, +14.6%
- Utilities $13.2m, -15.2%
- Banking & financial services $9.0m, +7.8%
- Manufacturing, retail, consumer products, telecom & diversified business $34.6m, +0.5%
- Consulting & professional services $10.7m, +7.5%
- Shipping & logistics $12.9m, +65.2%.
Q3 FY19 share of total revenues (and estimated revenue) by client contribution was:
- Largest client 7.2% ($14.0m)
- Top 5 clients 28.4% ($55.5m)
- Top 10 clients 46.1% ($90.4m)
- Top 20 clients 59.4% ($116.4m)
Headcount at the end of the quarter was 38,892, a net increase in the quarter of 665. Annualized attrition is 28%.
WNS has adjusted net revenue guidance for FY19 to $787m - $799m, a growth of 6.2-7.8%, or 9-11% on a CC basis.