Shares of WNS (Holdings) Ltd (NYSE:WNS) jumped 5.12% on Thursday after the company reported mixed second-quarter results and provided a cautious outlook for the full year.
The global business process management company posted a 3.4% year-over-year decline in revenue to $322.6 million, missing analysts' estimates. However, adjusted earnings per share (EPS) of $1.13 beat expectations, aided by a one-time tax benefit of $9 million.
While WNS added nine new clients and expanded relationships with 41 existing clients during the quarter, it faced headwinds from the loss of a large healthcare client, reduced online travel agency (OTA) volumes, and a shift from on-site to offshore delivery for an internet client. These factors led the company to lower its full-year revenue guidance to a range of $1.25 billion to $1.296 billion, reflecting year-over-year growth of -3% to +1%.
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