WNS Holdings Reports Better Than Expected Q3 Results

WNS Holdings (NYSE:WNS) reported its Q3 results, with EPS of $1.01 coming in better than the Street estimate of $0.96. Revenue was $292.9 million, beating the Street estimate of $289.46 million.

Despite continued concern on the macro, the company is still seeing broad-based demand from both existing and new clients (11 new logos) that helped overcome another quarter of material topline FX headwinds.

The company completed 2 acquisitions in the quarter (OptiBuy, The Smart Cube) which, along with Vurum, added 3.6 points to growth in the quarter.

The company provided its fiscal 2023 outlook, expecting EPS of $3.82-$3.89, compared to the Street estimate of $3.78, and revenue of $1.15-1.16 billion, compared to the Street estimate of $1.15 billion.