Last $19.93 USD
Change Today -0.22 / -1.09%
Volume 5.8K
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As of 10:36 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

wns holdings ltd-adr (WNS) Key Developments

WNS (Holdings) Ltd. Announces Unaudited Consolidated Financial Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015

WNS (Holdings) Ltd. announced unaudited consolidated financial results for the first quarter ended June 30, 2014. For the quarter, the company reported revenue of $131 million against $130.3 million a year ago. Operating profit was $13.5 million against $15.9 million a year ago. Profit before income taxes was $16.1 million against $18.3 million a year ago. Profit was $12.1 million or $0.23 per diluted share against $13.4 million or $0.25 per diluted share a year ago. Revenue less repair payments (Non-GAAP) was $122.1 million against $122.7 million a year ago. Constant currency revenue less repair payments (Non-GAAP) was $122.6 million against $126.1 million a year ago. Adjusted operating profit (excluding amortization of intangible assets and share-based compensation expense) (Non-GAAP) was $21.8 million against $23.5 million a year ago. Adjusted net income (excluding amortization of intangible assets and share-based compensation expense) (Non-GAAP) was $20.4 million or $0.39 per diluted share against $20.9 million or $0.40 per diluted share a year ago. The company generated $13.2 million of cash from operating activities this quarter and free cash flow of $9.3 million after accounting for $3.9 million in capital expenditures. The company has updated guidance for the fiscal year ending March 31, 2015 as revenue less repair payments is expected to be between $501 million and $528 million, up from $471.5 million in fiscal 2014. This assumes an average GBP to USD exchange rate of 1.70 for the remainder of fiscal 2015. ANI is expected to range between $81 million and $87 million, up from $72.4 million in fiscal 2014. This assumes an average USD to INR exchange rate of 60.0 for the remainder of fiscal 2015. Based on a diluted share count of 53.3 million shares, the company expects adjusted diluted earnings per ADS to be in the range of $1.52 to $1.63. The company currently expects adjusted net income to be in the range of $81 million to $87 million based on a INR 60 to U.S. dollar exchange rate for balance of the fiscal year.

WNS (Holdings) Seeks Acquisitions

WNS (Holdings) Ltd. (NYSE:WNS) is seeking acquisitions. Keshav Murugesh, Chief Executive Officer of WNS, said, "At the end of fiscal Q1, WNS has $156 million in cash and investments, and $83 million in total debt. We also expect, based on our current year guidance, to generate significant free cash flow again in FY15. This strong financial position enables us to evaluate and consider alternative uses of cash, including tuck-in acquisitions, as well as share repurchases. Tuck-in acquisitions to enhance vertical expertise, horizontal capability and technology enablement remain a key part of our long-term growth strategy. That being said, we believe WNS must remain selective and rigorous in evaluating these transactions. This is especially true, given current valuation multiples for BPM assets and our own organic growth opportunities.”

WNS (Holdings) Ltd. to Report Q1, 2015 Results on Jul 17, 2014

WNS (Holdings) Ltd. announced that they will report Q1, 2015 results at 6:00 AM, US Eastern Standard Time on Jul 17, 2014

WNS (Holdings) Ltd., Q1 2015 Earnings Call, Jul 17, 2014

WNS (Holdings) Ltd., Q1 2015 Earnings Call, Jul 17, 2014

US Airways Launches Codeshare Pact with Joint Business Partner British Airways

US Airways announced the launch of its codeshare agreement with British Airways, further enhancing its relationship with the London-based carrier. American Airlines said that beginning May 6, customers can book tickets on codeshare flights for travel beginning May 14. Launched in a phased approach, the codeshare will initially cover nearly all of the two carriers' trans-Atlantic flights. Customers will now have access to British Airways flights to London from 21 destinations in the United States, and British Airways will place its code on US Airways flights to Charlotte and Philadelphia from 17 destinations throughout Europe. The remaining flights in the codeshare will be implemented in phases and will include British Airways routes from London to more than 70 destinations throughout Europe, Asia and the Middle East, and US Airways flights to nearly 40 destinations in North America and the Caribbean. Customers can expect to have access to all codeshare flights by the end of this summer.

 

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Price/Earnings 22.7x
Price/Sales 2.0x
Price/Book 3.0x
Price/Cash Flow 14.7x
TEV/Sales 1.6x
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