Revenue Performance: $353.8 million (YoY increase of 9.5%, QoQ increase of 5.2%).
Gross Profit: Recorded at $116.6 million, showing growth of 2.58% YoY, but a decrease of 2.83% QoQ.
Operating Income: Declined by 14.19% YoY, now at $33.1 million, while showing a dramatic drop of 34.19% QoQ.
Net Income: $21.8 million (YoY decrease of 24.62%, QoQ decrease of 57.09%).
EPS: Down to $0.50, reflecting a 21.88% decline YoY and a staggering 57.26% drop QoQ.
The decline in profitability is largely attributed to rising operational costs and competitive pricing strategies that impact margins. WNS is focusing on consolidating strategic initiatives to bolster margins in future quarters.