Financial Performance - Revenue for Q3 fiscal 2025 was $333.0 million, a 2.1% increase year-over-year and a 3.2% increase sequentially[4] - Profit for Q3 fiscal 2025 was $48.6 million, compared to $41.5 million in Q3 of the previous year and $41.8 million in the previous quarter[5] - Adjusted Net Income (ANI) for Q3 was $47.0 million, down from $58.5 million in Q3 of last year and $51.5 million in the previous quarter[7] - Revenue (GAAP) for the three months ended December 31, 2024, was $333.0 million, reflecting a growth of 2.1% compared to $326.2 million for the same period in 2023[30] - Revenue less repair payments (non-GAAP) increased to $319.1 million, up 1.0% from $315.9 million year-over-year[30] - Adjusted operating income (non-GAAP) for the three months ended December 31, 2024, was $61.7 million, with an adjusted operating income margin of 19.3%[31] - Net income (GAAP) rose to $48.6 million for the three months ended December 31, 2024, compared to $41.5 million in the same period last year, marking a year-over-year increase of 17.0%[32] - Adjusted net income (non-GAAP) was $47.0 million, down from $58.5 million in the prior year, resulting in an adjusted net income margin of 14.7%[32] - The company reported an adjusted diluted earnings per share (non-GAAP) of $1.04 for the three months ended December 31, 2024[32] Client Acquisition and Relationships - The company added 7 new clients and expanded 52 existing relationships during the quarter[6] Cash Flow and Debt - WNS ended Q3 with $231.5 million in cash and investments and $199.6 million in debt[8] - The company generated $88.7 million in cash from operations during the quarter[8] Guidance and Projections - WNS updated its fiscal 2025 guidance, expecting revenue less repair payments to decline by 2% to 1% on a reported basis[10] - Expected ANI for fiscal 2025 is projected to range between $205 million and $209 million, down from $218.0 million in fiscal 2024[13] - The company anticipates adjusted diluted earnings per share for fiscal 2025 to be in the range of $4.46 to $4.55, compared to $4.42 in fiscal 2024[13] Balance Sheet Changes - Total assets decreased from $1,434.1 million as of March 31, 2024, to $1,409.8 million as of December 31, 2024, representing a decline of approximately 1.7%[20] - Current liabilities decreased from $312.0 million to $285.8 million, a reduction of about 8.4%[20] - Total shareholders' equity decreased from $787.3 million to $763.1 million, a decline of approximately 3.1%[21] Acquisition-Related Expenses - The company highlighted the impact of acquisition-related expenses, which included a reversal of contingent consideration related to acquisitions in 2024[32] Days Sales Outstanding - Days sales outstanding (DSO) improved to 34 days, compared to 35 days in Q3 of last year[8]

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Financial Data and Key Metrics Changes - The company reported net revenue of $310.7 million, a year-over-year decrease of 4.4% and a 5.2% decrease on a constant currency basis [4][15] - Adjusted operating margin for Q2 was 18.6%, down from 21.5% in the same quarter last year [16] - Adjusted net income for Q2 was $51.5 million, compared to $54.4 million in the same quarter of fiscal 2024 [17] - The effective tax rate for Q2 was 8.5%, significantly lower than 22% last year, primarily due to a one-time tax benefit [17] Business Line Data and Key Metrics Changes - The company added nine new logos and expanded 41 existing relationships during the quarter [4] - Revenue declines were partially offset by the ramp of large deals closed in Q4 and healthy demand for digitization and cost reduction initiatives [15] - Excluding the loss of a large healthcare client, each vertical posted sequential growth [15] Market Data and Key Metrics Changes - The company has more than 20 large deals in the pipeline, representing over $500 million in annual contract value [5] - OTA revenues in Q2 were below 4% of total company revenue, reflecting ongoing challenges in that sector [37] Company Strategy and Development Direction - The company is focused on delivering outcomes at the intersection of domain, digital, and data, with strategic investments in these areas [6][12] - WNS aims to leverage AI and generative AI to enhance its service offerings and drive long-term growth [12][51] - The company has removed large deal revenue contributions from its fiscal 2025 guidance due to timing uncertainties [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to strong growth rates, citing specific client-related issues rather than overall demand trends as the cause of current challenges [29] - The company anticipates sequential revenue growth in Q3 and Q4, despite the removal of large deal contributions from guidance [14][31] - Management emphasized the importance of maintaining investments in capabilities and infrastructure to support future growth [45] Other Important Information - The company repurchased 2.8 million shares in the first half of the year, with another 1.3 million shares remaining under the authorization [67] - The attrition rate was 34%, consistent with the previous quarter, and headcount at the end of Q2 was 62,951 [19] Q&A Session All Questions and Answers Question: Can you provide clarity on the large deal pipeline and win rates? - Management confirmed that the large deal pipeline remains strong, with over 25 large deals in progress, but emphasized the need for executive involvement and the complexity of these deals [22][23] Question: How do you view the company's ability to return to historical growth rates? - Management expressed confidence in returning to strong growth rates, attributing current challenges to specific client-related issues rather than overall demand trends [29][30] Question: Can you comment on the OTA side and its impact on guidance? - Management indicated that the OTA sector's challenges contributed approximately 1% to 2% impact on the full-year guidance reduction [33] Question: What are the expectations for margins in the back half of the year? - Management expects adjusted operating margins to improve in Q3 and Q4, aiming for low 20s EBIT margins in the long term [45][46] Question: How is client behavior changing regarding AI and analytics? - Management noted that clients are increasingly recognizing the value of AI and analytics, leading to more significant discussions about transformation and business model changes [49][51]

WNS (Holdings) Limited (NYSE:WNS) Q1 2025 Earnings Conference Call July 18, 2024 8:00 AM ET Company Participants David Mackey - EVP, Finance and Head of IR Keshav Murugesh - CEO Sanjay Puria - CFO Arijit Sen - Corporate Financial Controller Conference Call Participants Ryan Potter - Citi Surinder Thind - Jefferies Bryan Bergin - TD Cowen Nate Svensson - Deutsche Bank Maggie Nolan - William Blair Puneet Jain - JPMorgan Dave Koning - Baird Vincent Colicchio - Barrington Research Operator Good morning, and wel ...

Revenue Performance - Revenue in Q1 was $323.1 million, down 1.0% YoY and 4.1% sequentially[12] - Revenue less repair payments in Q1 was $312.4 million, down 1.6% YoY and 4.1% sequentially[12] - Revenue (GAAP) for Q2 2024 was $323.1 million, a decrease of 1.0% compared to Q2 2023 and a decrease of 4.1% compared to Q1 2024[25] - Revenue less repair payments (non-GAAP) for Q2 2024 was $312.4 million, a decrease of 1.6% compared to Q2 2023 and a decrease of 4.1% compared to Q1 2024[25] - Revenue less repair payments is expected to be between $1,290 million and $1,354 million for fiscal 2025, up from $1,284.3 million in fiscal 2024[27] Profit and Income Metrics - Profit in Q1 was $28.9 million, compared to $32.0 million in Q1 of last year and $14.5 million last quarter[13] - Adjusted Net Income (ANI) in Q1 was $44.0 million, compared to $51.1 million in Q1 of last year and $53.9 million last quarter[6] - Adjusted diluted earnings per share in Q1 was $0.93, compared to $1.02 in Q1 of last year and $1.12 last quarter[4] - Adjusted operating income (non-GAAP) for Q2 2024 was $57.6 million, a decrease of 9.7% compared to Q2 2023 and a decrease of 15.5% compared to Q1 2024[25] - Adjusted net income (non-GAAP) for Q2 2024 was $44.0 million, a decrease of 13.9% compared to Q2 2023 and a decrease of 18.4% compared to Q1 2024[26] - Adjusted diluted earnings per share (non-GAAP) for Q2 2024 was $0.93, a decrease of 8.8% compared to Q2 2023 and a decrease of 17.0% compared to Q1 2024[26] - Adjusted net income is expected to range between $203 million and $215 million for fiscal 2025, compared to $218.0 million in fiscal 2024[27] - Adjusted diluted earnings per share is expected to be in the range of $4.42 to $4.68 for fiscal 2025, compared to $4.42 in fiscal 2024[27] Client and Workforce Growth - Added 8 new clients and expanded 36 existing relationships in Q1[4] - Global headcount was 60,513 as of June 30, 2024[4] - WNS had 60,513 professionals across 64 delivery centers worldwide as of June 30, 2024[29] Financial Position and Liquidity - Days sales outstanding (DSO) was 36 days in Q1, compared to 34 days in Q1 of last year and 33 days last quarter[14] - Total assets increased to $1,497.6 million as of June 30, 2024, compared to $1,434.1 million as of March 31, 2024[34] - Current assets rose to $595.2 million from $529.7 million, driven by increases in cash and cash equivalents ($83.9 million to $87.4 million) and investments ($217.3 million to $156.5 million)[34] - Accounts receivable increased to $128.9 million from $124.6 million, indicating growth in revenue recognition[34] - Short-term borrowings surged to $73.0 million from $40.0 million, reflecting increased liquidity needs[34] - Current portion of long-term debt rose to $56.6 million from $36.7 million, signaling higher near-term debt obligations[34] Guidance and Future Expectations - Updated guidance for fiscal 2025 reflects growth in revenue less repair payments of 0% to 5% on both reported and constant currency basis[16] - Capital expenditures for fiscal 2025 are expected to be up to $65 million[16] - The company cannot provide forward-looking GAAP revenue, profit, and EPS due to uncertainties in repair payments, share-based compensation, and currency fluctuations[38] Non-GAAP Measures and Definitions - Revenue less repair payments is a non-GAAP measure used to reflect the value addition of business process management services[35] - Adjusted operating margin and ANI (Adjusted Net Income) are non-GAAP measures excluding items like goodwill impairment and share-based compensation[36] Corporate Events - WNS will host a conference call on July 18, 2024, at 8:00 am (Eastern) to discuss the company's quarterly results[28]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g ...

WNS (Holdings) Limited (NYSE:WNS) Q4 2024 Earnings Conference Call April 25, 2024 8:00 AM ET Company Participants David Mackey - EVP, Finance & Head of IR Keshav Murugesh - Chief Executive Officer Sanjay Puria - Chief Financial Officer Arijit Sen - Corporate Financial Controller Conference Call Participants Surinder Thind - Jefferies Bryan Bergin - TD Cowen Nate Svensson - Deutsche Bank Moshe Katri - Wedbush Mayank Tandon - Needham Maggie Nolan - William Blair Ryan Potter - Citi Puneet Jain - JPMorgan Vince ...

Other Metrics Exhibit 99.1 WNS Announces Fiscal 2024 Third Quarter Earnings, Revises Full Year Guidance NEW YORK, LONDON, MUMBAI; January 18, 2024 — WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced results for the fiscal 2024 third quarter ended December 31, 2023. Highlights – Fiscal 2024 Third Quarter: GAAP Financials Non-GAAP Financial Measures * Reconciliations of the non-GAAP financial measures discussed below to our GAAP ...

WNS (Holdings) Limited (NYSE:WNS) Q2 2024 Earnings Call Transcript October 19, 2023 8:00 AM ET Company Participants David Mackey - Executive Vice President, Finance, Head of Investor Relations Keshav Murugesh - Chief Executive Officer Sanjay Puria - Chief Financial Officer Conference Call Participants Bryan Bergin - TD Cowen Mayank Tandon - Needham Ashwin Shirvaikar - Citi Maggie Nolan - William Blair Nate Svensson - Deutsche Bank Puneet Jain - JP Morgan Moshe Katri - Wedbush Surinder Thind - Jefferies Vinc ...