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WNS (Holdings) lowers FY'17 guidance

WNS (Holdings)Ltd. lowered its guidance for the fiscal year ending March 31, 2017.

The company said July 14 that it revised its guidance basedon current visibility levels and exchange rates. The revised forecast reflectsgrowth in revenue less repair payments of 2% to 7%, or 8% to 14% on a constantcurrency basis.

WNS forecasts revenue less repair payments of between US$541million and US$569 million, down from the company's of between US$551 millionand US$583 million. The revised forecast assumes an average British pound toU.S. dollar exchange rate of 1.30 for the remainder of fiscal 2017.

Adjusted net income for the year is expected to come tobetween US$94 million and US$100 million, assuming an average U.S. dollar toIndian rupee exchange rate of 67.5 for the remainder of fiscal 2017. Theforecast was lowered from a range of US$97 million and US$105 millionpreviously.

Based on a diluted share count of 53.0 million shares, thecompany expects adjusted diluted earnings per American depositary share to bein the range of US$1.78 to US$1.89, down from the prior expected range ofUS$1.83 to US$1.98.

In fiscal 2016, WNS posted revenue less repair payments ofUS$531.0 million, while its adjusted net income totaled US$103.0 million.