Benzinga | Jan 20, 2022 07:21AM EST

WNS Tops Q3 Consensus; Lifts FY22 Outlook

* WNS (Holdings) Ltd (NYSE:WNS) reported third-quarter FY21 revenue growth of 19.2% year-on-year to $284.1 million.

* Revenue less repair payments were $261.2 million, up 16.3% Y/Y, beating the consensus of $255.7 million.

* New client additions, expanding existing relationships, increased travel volumes, and currency movements net of hedging drove the growth.

* WNS added 11 new clients in the quarter and expanded 26 existing relationships.

* WNS maintained adjusted operating margins above 21%.

* Adjusted earnings per ADS of $0.88 beat the consensus of $0.83.

* WNS held $372.1 million in cash and investments and generated $56.9 million in operating cash flow.

* Outlook: WNS raised FY22 Revenue less repair payments outlook from $0.984 billion - $1.016 billion to $1.008 billion - $1.022 billion versus the consensus of $1.01 billion.

* WNS lifted FY22 adjusted earnings per ADS guidance from $3.18 - $3.34 to $3.30 - $3.38 versus the consensus of $3.32.

* Price Action: WNS shares closed lower by 3.86% at $87.22 on Wednesday.