WNS Holdings, a New York Stock Exchange-listed company, engaged in providing global business process outsourcing (BPO) services, has reported 5.8 per cent rise in its revenue at $616.3 million for the year ended March 31, 2011, against $582.5 million in the previous year.
The diluted income per ADS (American Depository Share) stood at $0.21 against $0.08. Gross margins stood at 20 per cent.
Keshav Murugesh, Group Chief Executive Officer, in a conference call said WNS had made good progress on its key strategic initiatives over the past year.
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“Our verticalisation strategy has been well-received by clients and we are investing in the necessary sales and marketing resources. We have expanded our client-facing team and our discussions are focussed on higher-level engagements,” Mr. Murugesh said.
The company has won three contracts with India-based companies in the past quarter.
“I have previously discussed our focus on growing the India business. This is one of the fastest growing economies in the world and an area where I see significant opportunity”, he said. The company is building out centres in Pune and Gurgaon solely dedicated to servicing this geography.
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Revenue for the fourth quarter 2011 increased by 1.2 per cent to $159.5 million from $157.6 million in the corresponding quarter in the prior fiscal year, and increased by 4.5 per cent sequentially from $152.7 million in the third quarter of 2011.
The sequential increase was a result of higher volumes in the travel and insurance business due to seasonality, ramp-ups of new clients and a stronger British pound. This increase was partially offset by lower volumes in the autoclaims business.
The company's global headcount stood at 21,523 as on March 31, 2011.