"Our strategic pivot towards automation and data analytics is enabling us to enhance our value proposition and stay competitive in the current market landscape."
— Keshav Murugesh, CEO
03Detailed Report
WNS
WNS Holdings Limited
Period
Q1 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 21, 2026
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Executive Summary
In the first quarter of fiscal year 2025, WNS Holdings Limited reported revenues of $323.1 million, a decrease of 4.06% from the previous quarter and 1.04% year-over-year. Despite the decline in revenue, the company’s net income rose significantly by 130.22% quarter-over-quarter to $28.9 million, although this marks a 9.52% decline year-over-year. The improvement in net income compared to the previous quarter highlights effective cost management strategies implemented by management during challenging market conditions.
Management emphasized the focus on client retention and gaining new business opportunities in various sectors, notably in healthcare and insurance, which were touted as areas for growth. With a healthy balance sheet, evidenced by $913.2 million in cash and cash equivalents and a current ratio of 1.604, WNS is well-positioned to navigate the barriers in the Information Technology Services industry, adapting to shifts in client demand and operational dynamics.
Key Performance Indicators
Revenue
Decreasing
323.12M
QoQ: -4.06% | YoY: -1.04%
Gross Profit
Increasing
113.67M
35.18% margin
QoQ: -6.78% | YoY: 0.98%
Operating Income
Increasing
38.57M
QoQ: -24.51% | YoY: 1.87%
Net Income
Decreasing
28.92M
QoQ: 130.22% | YoY: -9.52%
EPS
Decreasing
0.64
QoQ: 137.04% | YoY: -4.48%
Revenue Trend
Margin Analysis
Financial Highlights
### Key Financial Metrics:
- Revenue: $323.1 million (QoQ: -4.06%, YoY: -1.04%)
- Gross Profit: $113.7 million (QoQ: -6.78%, YoY: +0.98%)
- Operating Income: $38.6 million (QoQ: -24.51%, YoY: +1.87%)
- Net Income: $28.9 million (QoQ: +130.22%, YoY: -9.52%)
- EPS: $0.64 (QoQ: +137.04%, YoY: -4.48%)
- Cash and Cash Equivalents: $913.2 million
Despite reporting declines in revenue and profit margins, WNS demonstrated resilience in net earnings through stringent cost control measures, reducing operating expenses and maintaining focus on high-margin service offerings, particularly in the BPM (Business Process Management) segment.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
323.12M
-1.04%
-4.06%
Gross Profit
113.67M
0.98%
-6.78%
Operating Income
38.57M
1.87%
-24.51%
Net Income
28.92M
-9.52%
130.22%
EPS
0.64
-4.48%
137.04%
Key Financial Ratios
Gross Profit Margin
Fair
35.20%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Fair
11.90%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
8.95%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
1.93%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
3.92%
Return on equity suggests inefficient capital allocation
Current Ratio
Healthy
1.60
Current ratio shows adequate liquidity to meet short-term obligations