WNS suspends guidance, expects 15% YoY drop in Q1 revenue

WNS has suspended its growth guidance temporarily citing the impact of the Covid-19 epidemic. The business process management major said it expects a “much greater financial and operational impact” on business and as a result revenue for Q1 of this fiscal may drop 15% on a year-over-year basis.

WNS reported 14.8% growth in net revenue to $235.8 million during the fourth quarter (January-March). For the whole fiscal, WNS reported 13.85 % growth in net revenue to $896.2 million.

The company said the adverse impact of the epidemic on Q4 was limited to a project ramp-down in the second half of March.