WNS (Holdings) Limited WNS shares are trading higher after the company reported the third quarter of the fiscal year 2024.
The company reported revenue, less repair payments, of $315.9 million, up 7.8%, beating the consensus of $313.54 million. Adjusted EPS of $1.18, topped the consensus of $0.99.
The company added eight new clients in the quarter and expanded 32 existing relationships.
Profit in the fiscal third quarter was $39.6 million, as compared to $34.7 million in the same period last year. Year-over-year, profit increased as a result of revenue growth, improved productivity, and a one-time tax benefit of $9.5 million.
WNS ended the quarter with $260.4 million in cash and investments and $177.4 million in debt.
Outlook: WNS revised fiscal 2024 revenue less repair payments forecast to $1.27 billion-$1.292 billion from prior guidance of $1.254 billion-$1.3 billion and consensus of $1.28 billion.
The company revised fiscal 2024 adjusted EPS to $4.27-$4.39 versus prior guidance of $4.04-$4.24 and consensus of $4.15.
“We currently have over 99% visibility to the midpoint of the revenue range. For the year, we continue to expect capital expenditures of up to $60 million,” said Sanjay Puria, WNS’ Chief Financial Officer.
In addition, WNS formally announced today that the company has added global headquarters locations in both New York and London. The addition of these headquarters to the Mumbai location supports the company’s decentralization of senior leadership and decision-making.
Price Action: WNS shares are trading higher by 4.70% to $68.00 premarket on the last check Thursday.
Image and article originally from www.benzinga.com. Read the original article here.