WNS (Holdings) Limited (NYSE:WNS) revealed its first quarter earnings results on Thursday 16th July 2020 before market open.
The business process management provider, reported $ 0.29 income per share for the quarter. The quarterly earnings down 45.28 percent compared with the same quarter last year.
On adjusted basis, WNS (Holdings) Limited reported income for the quarter of $ 0.50 per share, beat the consensus estimate of $ 0.14 income per share by $ 0.36 or 257.14 percent.
The firm had revenue of $ 207.80 million for the quarter, compared to the consensus estimate of $ 179.32 million. The revenues out shined analysts estimates by $ 28.48 million or 15.88 percent.
The financial report showed revenues reduced 3.17 percent versus first quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Keshav Murugesh, Chief Executive Officer, said, As expected, the COVID-19 pandemic had a material adverse impact on our fiscal first quarter financial performance. Revenue headwinds in Q1 were driven by volume reductions across several key verticals, and by service delivery constraints resulting from global facility lockdowns. During Q1, WNS made tremendous progress in transitioning our delivery to a work-from-home model and providing business continuity to our clients.
Moving forward, WNS announced revenue outlook for 2Q21 to a range of $ 198.00 million to $ 208.00 million, At the same time, earnings estimate in a range between $ 0.46 and $ 0.58 per share. The consensus estimates for the 2Q21 are income of $ 0.42 per share from $ 199.38 million in revenue.
