WNS has announced results for Q4 and full FY22, for the period ending March 31, 2022.

Q4 FY22:

• Net revenues (less repair payments) were $275.0m, up 20.4% y/y, up 22% in CC.
• EBIT was $46.4m, a margin of 16.9%, up 1.7 pts y/y

FY22:

• Net revenues (less repair payments) were $1,026.8m, up 18.2%, up 16% in CC
• EBIT was $164.1m, a margin of 16.0%, down 0.4 pts.

Q4 FY22 net revenue (and y/y growth) by service line was:

• Industry specific $96.5m -7.6%
• Autoclaim $2.3m -14.8%
• Contact center $46.1m +19.0%
• F&A $57.8m -2.5%
• Research & analytics $27.6m +13.9%
• Technology services $5.1m -3.2%
• Legal services $0.7m
• HRO $0.3m

Q4 FY22 revenue share (with NH estimates of net revenue and y/y growth) by region was:

• Europe 6.6% ($18.1m, +10.3%)
• North America 50.7% ($139.4m, +32.6%)
• U.K. 27.0% ($74.2m, +15.8%)
• South Africa 1.3% ($3.5m, -51.4%)
• Others 14.5% ($39.8m, +12.2%).

Q4 FY22 revenue (and y/y growth) by sector was:

• Travel and leisure $48.0m, +54.6%
• Insurance $64.8m, +11.2%
• Healthcare $50.1m, +10.4%
• Utilities $13.3m, -_19.4%
• Banking & financial services $17.6m, +31.4%
• Manufacturing, retail, consumer products, telecom & diversified business $39.8m, +10.7%
• Consulting & professional services $18.5m, +13.1%
• Shipping & logistics $22.9m, +36.4%.

Q4 FY22 share of total revenues (and estimated revenue) by client contribution was:

• Largest client 7.8% ($21.5m)
• Top 5 clients 27.6% ($75.9m)
• Top 10 clients 41.1% ($113.0m)
• Top 20 clients 54.6% ($150.2m)

FY22 net revenue (and y/y growth) by service line was:

• Industry specific $432m +15.9%
• Autoclaim $13.2m +23.3%
• Contact center $189.6m -+22.8%
• F&A $248.6m +16.9%
• Research & analytics $116.1m +22.8%
• Technology services $23.0m +14.0%
• Legal services $3.5m
• HRO $1.1m

 FY22 revenue share (with NH estimates of net revenue and growth) by region was:

• Europe 6.6% ($67.9m, +10.7%)
• North America 49.1% ($504.3m, +25.0%)
• U.K. 27.4% ($280.9m, +15.7%)
• South Africa 2.2% ($22.3m, -15.8%)
• Others 14.8% ($151.5m, +12.5%).

 FY22 revenue (and growth) by sector was:

• Travel and leisure $163.8m, +26.8%
• Insurance $2249.4m, +12.0%
• Healthcare $196.6m, +13.7%
• Utilities $48.5m, +15.7%
• Banking & financial services $64.0m, +5.0.1%
• Manufacturing, retail, consumer products, telecom & diversified business $149.9m, +7.5%
• Consulting & professional services $69.3m, +22.9%
• Shipping & logistics $85.3m, +34.2%.

 FY22 share of total revenues (and estimated revenue) by client contribution was;

• Largest client 7.9% ($80.6m)
• Top 5 clients 27.6% ($283.8m)
• Top 10 clients 41.4% ($424.6m)
• Top 20 clients 54.3% ($557.9m).

Headcount at the end of the quarter was 52,081, a net increase in the quarter of 2,570.

WNS has net revenue guidance for FY22 of $1,098m - $1,154m, a growth of 6.9%-12.4%, or 8-14% on a CC basis.