WNS fourth-quarter profit marginally down

WNS has posted a consolidated net profit of $29.5 million during the fourth quarter ended March 31, 2020, marginally down from $29.7 million posted during the same year-ago quarter.

In the quarter under review, the company’s Adjusted Net Income (ANI) rose to $42.4 million from $37.8 million in fourth quarter of last year and $40.9 million in third quarter.

The NYSE-listed Business Process Management (BPM) firm’s revenue less repair payments rose 14.1 per cent to $235.8 million from $206.6 million, WNS said in a statement.

For the fiscal ended March 31, WNS’ net profit rose to $116.8 million (from $105.4 million), while ANI rose to $161.4 million from $140.4 million recorded in fiscal 2019.