Executive Summary
In the first quarter of fiscal year 2025, WNS Holdings Limited reported revenues of $323.1 million, a decrease of 4.06% from the previous quarter and 1.04% year-over-year. Despite the decline in revenue, the companyβs net income rose significantly by 130.22% quarter-over-quarter to $28.9 million, although this marks a 9.52% decline year-over-year. The improvement in net income compared to the previous quarter highlights effective cost management strategies implemented by management during challenging market conditions.
Management emphasized the focus on client retention and gaining new business opportunities in various sectors, notably in healthcare and insurance, which were touted as areas for growth. With a healthy balance sheet, evidenced by $913.2 million in cash and cash equivalents and a current ratio of 1.604, WNS is well-positioned to navigate the barriers in the Information Technology Services industry, adapting to shifts in client demand and operational dynamics.
Key Performance Indicators
Revenue
323.12M
QoQ: -4.06% | YoY:-1.04%
Gross Profit
113.67M
35.18% margin
QoQ: -6.78% | YoY:0.98%
Operating Income
38.57M
QoQ: -24.51% | YoY:1.87%
Net Income
28.92M
QoQ: 130.22% | YoY:-9.52%
EPS
0.64
QoQ: 137.04% | YoY:-4.48%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $323.1 million (QoQ: -4.06%, YoY: -1.04%)
- **Gross Profit:** $113.7 million (QoQ: -6.78%, YoY: +0.98%)
- **Operating Income:** $38.6 million (QoQ: -24.51%, YoY: +1.87%)
- **Net Income:** $28.9 million (QoQ: +130.22%, YoY: -9.52%)
- **EPS:** $0.64 (QoQ: +137.04%, YoY: -4.48%)