WNS reports net profit of $29.7 mn for the quarter ended March 2019

Mumbai-based global BPM service provider WNS on Thursday reported a profit of $29.7 million for the quarter ended March 2019, up 21.2 per cent from $24.5 million in Q4 FY18.

The NYSE-listed company’s Q4 revenue increased by 3.84 per cent to $ 210.5 million, against $202.7 million in the year-ago quarter.

Revenue for the fiscal grew 6.8 per cent to $809 million over the last year, while the net profit of $140 million grew 19 per cent yoy.

Year on year, the improvement in fiscal Q4 revenue was driven by healthy organic growth across key verticals, services, and geographies, which more than offset headwinds from currency movements and hedging losses. “Sequentially, revenue growth was the result of broad-based revenue strength and favourability from currency and hedging,” said the management in a statement.