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WNS (Holdings) revises guidance for fiscal 2019

WNS (Holdings) Ltd. revised its guidance for the fiscal year ending March 31 to reflect growth in its revenue.

The company said Jan. 17 that it expects revenue less repair payments for the fiscal year to be between US$787 million and US$799 million, up from US$741 million in fiscal 2018. The company previously expected revenue less repair payments to be between US$775 million and US$801 million.

The updated guidance reflects growth in revenue less repair payments of 6% to 8%, or 9% to 11% on a constant currency basis, WNS (Holdings) said.

Adjusted net income for the fiscal year is expected to be between US$137 million and US$141 million, compared to US$118.4 million in fiscal 2018. Adjusted diluted earnings per American depository share is expected to be between US$2.62 and US$2.70, compared to US$2.24 a year earlier.

The figures are based on an assumed average British pound to U.S. dollar exchange rate of 1.27, and average U.S. dollar to Indian rupee exchange rate of 70 for the rest of fiscal 2019.