EX-99.1

附件99.1

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WNS宣佈2025財年第二季度收益，

修訂全年指導

紐約，倫敦，孟買；十月 17, 2024 ——WNS（控股）有限公司（WNS）（紐交所：WNS），一家數字化業務轉型和服務夥伴，今天宣佈了截至2024年9月30日的2025財年第二季度業績。

亮點 - 2025財年第二季度：

美國通用會計準則財務報表

• 營業收入爲322.6美元淨利潤爲4.18億美元，比333.9億美元減少了3.4%較去年第二季度的3.231億美元減少0.2%上季度爲4.18億美元

• 利潤爲41.8億美元與59.4億美元相比去年第二季度爲2890萬美元上季度爲4.18億美元

• 每股攤薄收益爲0.92美元，較去年第二季度的1.20美元和上季度的0.61美元

非通用會計原則財務措施^*

• 營業收入減去維修費用310.7美元百萬，比去年Q2的325.0億美元下降4.4%，比上季度312.4億美元下降0.6%百萬上季度的基本報表爲51.5百萬美元，而去年爲54.4百萬美元

• 校正後的淨收入(ANI)爲51.5百萬美元，相比之下爲54.4百萬百萬去年Q2成交額爲XX百萬美元，本季爲44.0美元上季爲XX百萬美元

• 每股調整後稀釋收益爲1.13美元，去年Q2爲1.10美元，上季爲0.93美元

其他指標

• 本季新增9位客戶，擴大41位現有客戶關係

• 應收賬款週轉天數（DSO）爲38天

• 截至9月份，全球員工總數爲62,951人 30, 2024

正如先前宣佈的那樣，從2025財年第一季度開始，WNS從根據IFRS制定的報告轉變爲自願根據US GAAP制定報告的美國國內發行人表格，並根據US GAAP準則編制財務報表。2024年7月9日，WNS提交了一份關於Form報告 8-K 附錄基本報表包括根據美國通用會計準則未經審計的2024財政年度每個季度以及2024和2023財政年度全年的財務業績。附錄基本報表清楚說明了我們從美國通用會計準則過渡後對2024財政年度每個季度和2024及2023全年財務報表的關鍵影響。本公告中的上一財政期間的比較財務信息也採用美國通用會計準則。

下面討論的財務指標與我們的通用會計準則運營結果的調節見本公告末尾。另請參閱「有關財務指標」。非GAAP 第二季度營業收入爲3.226億美元，較去年同期下降3.4%，較上一季度下降0.2%。第二季度營業收入減去維修付款*爲3.107億美元，同比減少4.4%，環比減少0.6%。除去匯率影響，財政第二季度以不變貨幣計算的營業收入減去維修付款*與去年同期相比下降5.2%，與上一季度相比下降1.5%。年度營收減少受到大型醫療客戶流失、在線旅行板塊交易量下降、一家大型互聯網客戶的離岸交付轉變，以及自由項目工作減少的影響。這些不利因素在一定程度上被新客戶增加、現有關係的擴展和匯率有利變動部分抵消。順勢而爲，大型醫療客戶流失、在線旅行交易量減少以及持續項目弱勢大大超過對業務轉型和成本削減爲重點的項目和有利匯率變動的穩定需求。非通用會計原則參見「有關財務指標」。

營收第二季度爲3.226億美元，較去年Q2下降3.4%，較上一季度下降0.2%。第二季度營收減去維修付款*爲3.107億美元，同比減少4.4%，環比減少0.6%。除匯率影響外，財政第二季度以不變匯率計算的營收減去維修付款*同比下降5.2%，環比下降1.5%。Q2年度營收減少部分原因是由於一家大型醫療客戶流失、在線旅行板塊交易量下降、一家大型互聯網客戶的離岸交付轉變以及自由項目工作減少。這些不利因素在一定程度上得到新客戶增加、現有關係擴展和匯率有利變動的部分抵消。從季度上看，大型醫療客戶流失、在線旅行交易量減少、持續項目弱勢超過了對業務轉型和成本削減爲重點的項目以及有利匯率變動的穩定需求。

^*	參見「有關」非通用會計原則「財務指標」及歷史基本報表的調解在本發佈末尾。非GAAP 財務指標與本公司的GAAP運營結果的對比調解詳見本公告末尾。

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第二財季的利潤爲4180萬美元，而去年第二季度的利潤爲5,940萬美元年度和上一季度的2,890萬美元。由於去年第二季度報告的支出準備金逆轉，包括與我們收購Vuram和SG&A相關的或有對價，利潤同比下降績效激勵和壞賬支出。由於收入降低、運營槓桿率降低、銷售和基礎設施投資增加以及淨利息支出增加，利潤也同比下降。這些股權薪酬支出的減少和無形資產攤銷的減少部分抵消了不利因素，這與我們收購OptiBuy的或有對價背道而馳，一次性的稅收優惠主要來自無形資產遞延納稅義務的逆轉和有利的貨幣波動.由於以下原因，第二季度的利潤連續增加一次性的稅收優惠，或有條件的逆轉考慮我們對OptiBuy的收購，降低基於股票的薪酬支出以及有利的貨幣波動。收入減少和淨利息支出的增加部分抵消了這些好處。

第二季度調整後淨收益（ANI）*爲5,150萬美元，而去年第二季度爲5,440萬美元，上一季度爲4,400萬美元。對ANI*同比和連續變動的解釋與上述GAAP利潤的解釋相同，但無形支出攤銷、基於股份的薪酬支出、無形資產減值除外資產、與ADS計劃終止以及過渡到自願報告美國國內發行人表格、收購相關項目以及不包括在ANI*之外的相關稅收影響相關的成本。

從資產負債表的角度來看，WNS在第二季度末擁有2.215億美元的現金和投資以及2.628億美元的債務。在本季度，該公司從運營中產生了4,360萬美元的現金，產生了1,270萬美元的資本支出，並償還了4,300萬美元的債務。WNS還回購了1,156,269股普通股，平均價格爲56.61美元，對第二季度的現金產生了如下影響 7170 萬美元。第二季度的未償銷售天數爲38天，而去年第二季度爲35天，上一季度爲36天。

“第二季度的收入和利潤率基本符合公司的預期，而每股收益則高於預期，這是由於一次性的稅收優惠。的需求以數字爲主導業務轉型和成本降低仍然強勁，而我們的在線旅行量仍然面臨挑戰基於項目的收入，” WNS首席執行官凱沙夫·穆魯格什說。「儘管我們的大宗交易渠道繼續發展到創紀錄的水平，但這些機會的轉化以及相關的收入增長仍然不那麼明顯。因此，我們從2025財年的指導中刪除了大宗交易的收入貢獻。我們專注於在2025財年下半年關閉這些可觀的機會，以幫助公司在以下方面爲收入增長做好準備 2026 財年。此外，我們仍然致力於領先地投資領域專業知識、數據和分析以及利用人工智能和GenAI的技術支持產品，以確保我們有能力爲我們提供長期可持續的價值利益相關者。」

2025 財年指導方針

WNS 正在更新截至2025年3月31日的財政年度的指導方針，內容如下：

•

相比之下，扣除維修費用*後的收入預計將在12.5億美元至12.96億美元之間到2024財年達到12.843億美元。指導假設2025財年剩餘時間內，英鎊兌美元的平均匯率爲1.31。

•

ANI*預計將在1.9億美元至2億美元之間，而財年爲2.18億美元 2024。指導假設在2025財年剩餘時間內，美元兌印度盧比的平均匯率爲83.5。

•

根據攤薄後的4,600萬股股票，該公司預計2025財年調整後的攤薄後股票每股收益*將在4.13美元至4.35美元之間，而2024財年的每股收益爲4.42美元。

「該公司已經更新了我們的預測 2025財年基於當前的知名度水平和匯率。」 WNS首席財務官阿里吉特·森說。“我們的全年指導反映了收入減去維修費用* -3% 按報告*計算爲+1％，以及 -4% 與2024財年相比，按固定貨幣*計算爲0％。我們仍然預計今年的資本支出將高達6500萬美元。”

電話會議

WNS 將主持電話會議 2024年10月17日上午8點（美國東部時間），討論公司的季度業績。要以「僅限收聽」模式觀看電話會議，請通過公司的投資者關係網站加入直播，網址爲 ir.wns.com。待打電話參與者，請使用以下方式註冊這個在線表格接收你的撥入號碼和唯一的 PIN 碼/密碼，可用於接聽電話。網絡直播的重播將在公司存檔網站位於 ir.wns.com.

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About WNS

WNS (Holdings) Limited (NYSE: WNS) is a digital-led business transformation and services partner. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 600 clients across various industries. WNS delivers an entire spectrum of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of September 30, 2024, WNS had 62,951 professionals across 66 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States. For more information, visit www.wns.com.

Safe Harbor Statement

This release contains forward-looking statements, as defined in the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations and assumptions about our Company and our industry. Generally, these forward-looking statements may be identified by the use of terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “seek,” “should” and similar expressions. These statements include, among other things, expressed or implied forward-looking statements relating to discussions of our strategic initiatives and the expected resulting benefits, our growth opportunities, industry environment, our expectations concerning our future financial performance and growth potential, including our fiscal 2025 guidance, estimated capital expenditures, and expected foreign currency exchange rates. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include but are not limited to worldwide economic and business conditions, our dependence on a limited number of clients in a limited number of industries; currency fluctuations; political or economic instability in the jurisdictions where we have operations; regulatory, legislative and judicial developments; increasing competition in the BPM industry; technological innovation; our liability arising from fraud or unauthorized disclosure of sensitive or confidential client and customer data; telecommunications or technology disruptions; our ability to attract and retain clients; negative public reaction in the US or the UK to offshore outsourcing; our ability to collect our receivables from, or bill our unbilled services to our clients; our ability to expand our business or effectively manage growth; our ability to hire and retain enough sufficiently trained employees to support our operations; the effects of our different pricing strategies or those of our competitors; our ability to successfully consummate, integrate and achieve accretive benefits from our strategic acquisitions, and to successfully grow our revenue and expand our service offerings and market share; future regulatory actions and conditions in our operating areas; our ability to manage the impact of climate change on our business; and volatility of our share price. These and other factors are more fully discussed in our most recent annual report on Form 20-F and subsequent reports on Form 6-K and Form 8-K filed with or furnished to the US Securities and Exchange Commission (SEC) which are available at www.sec.gov. We caution you not to place undue reliance on any forward-looking statements. Except as required by law, we do not undertake to update any forward-looking statements to reflect future events or circumstances.

References to “$” and “USD” refer to the United States dollars, the legal currency of the United States; references to “GBP” refer to the British pound, the legal currency of Britain; and references to “INR” refer to Indian Rupees, the legal currency of India. References to GAAP or US GAAP refer to United States generally accepted accounting principles. References to IFRS refer to International Financial Reporting Standards, as issued by the International Accounting Standards Board.

CONTACT:


Investors:		Media:

David Mackey EVP – Finance & Head of Investor Relations WNS (Holdings) Limited +1 (646) 908-2615 david.mackey@wns.com		Archana Raghuram EVP & Global Head – Marketing & Communications WNS (Holdings) Limited +91 (22) 4095 2397 archana.raghuram@wns.com ; pr@wns.com

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WNS (HOLDINGS) LIMITED

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited, amounts in millions, except share and per share data)


	Three months ended
	Sep 30, 2024			Sep 30, 2023			Jun 30, 2024
Revenue	$	322.6		$	333.9		$	323.1
Cost of revenue ⁽¹⁾		207.3			213.3			209.4

Gross profit		115.3			120.6			113.7
Operating expenses:
Selling and marketing expenses		21.3			18.8			21.5
General and administrative expenses		45.3			46.5			45.7
Foreign exchange loss/ (gain), net		0.4			(0.0	)		1.0
Amortization of intangible assets		7.0			8.7			6.9

Operating income		41.3			46.7			38.6

Other income, net		(8.6	)		(25.6	)		(3.9	)
Interest expense		5.8			4.1			4.4

Income before income tax expense		44.1			68.2			38.0
Income tax expenses		2.3			8.8			9.1

Net income	$	41.8		$	59.4		$	28.9


Earnings per share
Basic	$	0.96		$	1.25		$	0.64
Diluted	$	0.92		$	1.20		$	0.61
Weighted average number of shares used in computing earnings per share
Basic		43,457,284			47,413,342			45,443,899
Diluted		45,416,308			49,650,152			47,425,017

⁽¹⁾	Exclusive of amortization expense

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WNS (HOLDINGS) LIMITED

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(Unaudited, amounts in millions, except share and per share data)


	As at Sep 30, 2024		As at Mar 31, 2024
ASSETS
Current assets:
Cash and cash equivalents	$	93.2	$	87.4
Investments		128.0		156.5
Accounts receivable, net		137.0		124.6
Unbilled revenue		104.8		107.8
Funds held for clients		6.8		6.9
Derivative assets		14.8		5.8
Contract assets		14.0		11.9
Prepaid expense and other current assets		37.9		28.7

Total current assets		536.5		529.7

Goodwill		362.5		356.3
Other intangible assets, net		121.8		124.4
Property and equipment, net		74.8		73.7
Operating lease right-of-use assets		175.7		181.4
Derivative assets		2.7		1.9
Deferred tax assets		56.0		49.9
Investments		0.3		0.3
Contract assets		54.4		52.8
Other assets		64.1		63.6

TOTAL ASSETS	$	1,448.8	$	1,434.1

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	22.2	$	25.0
Provisions and accrued expenses		35.0		31.2
Derivative liabilities		8.7		4.0
Pension and other employee obligations		87.3		105.4
Short-term borrowings		38.0		40.0
Current portion of long-term debt		57.8		36.7
Contract liabilities		15.1		12.9
Income taxes payable		6.7		8.3
Operating lease liabilities		28.6		28.8
Other liabilities		32.5		19.9

Total current liabilities		331.9		312.0

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Derivative liabilities		2.9			0.6
Pension and other employee obligations, less current portion		24.0			24.6
Long-term debt, less current portion		167.0			102.5
Contract liabilities		12.9			12.6
Operating lease liabilities, less current portion		155.2			161.1
Other liabilities		0.1			13.9
Deferred tax liabilities		17.5			19.4

TOTAL LIABILITIES	$	711.5		$	646.8

Shareholders’ equity:
Share capital (ordinary shares $0.16 (£0.10) par value, authorized 60,000,000 shares; issued: 46,175,746 shares and 45,684,145 shares; each as at September 30, 2024 and March 31, 2024, respectively)		7.4			7.3
Additional paid-in capital		19.4			—
Retained earnings		1,107.5			1,034.4
Other reserves		3.7			6.1
Accumulated other comprehensive loss		(251.1	)		(260.6	)

Total shareholders’ equity including shares held in treasury	$	887.0		$	787.3
Less: 2,800,000 shares as at September 30, 2024 and Nil shares as at March 31, 2024, held in treasury, at cost		(149.7	)		—

Total shareholders’ equity	$	737.3		$	787.3

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,448.8		$	1,434.1

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About Non-GAAP Financial Measures

The financial information in this release includes certain non-GAAP financial measures that we believe more accurately reflect our core operating performance. Reconciliations of these non-GAAP financial measures to our GAAP operating results are included below. A more detailed discussion of our GAAP results is contained in “Part I –Item 5. Operating and Financial Review and Prospects” in our annual report on Form 20-F filed with the SEC on May 10, 2024.

Revenue less repair payments is a non-GAAP financial measure that is calculated as (a) revenue less (b) in our BFSI segment, payments to repair centers for “fault” repair cases where WNS acts as the principal in its dealings with the third party repair centers and its clients. WNS believes that revenue less repair payments for “fault” repairs reflects more accurately the value addition of the business process management services that it directly provides to its clients. For more details, please see the discussion in “Part I – Item 5. Operating and Financial Review and Prospects – Overview” in our annual report on Form 20-F filed with the SEC on May 10, 2024.

Constant currency revenue less repair payments is a non-GAAP financial measure. We present constant currency revenue less repair payments so that revenue less repair payments may be viewed without the impact of foreign currency exchange rate fluctuations, thereby facilitating period-to-period comparisons of business performance. Constant currency revenue less repair payments is presented by recalculating prior period’s revenue less repair payments denominated in currencies other than in US dollars using the foreign exchange rate used for the latest period, without taking into account the impact of hedging gains/losses. Our non-US dollar denominated revenues include, but are not limited to, revenues denominated in pound sterling, South African rand, Australian dollar and Euro.

WNS also presents or discusses (1) adjusted operating margin, which refers to adjusted operating profit (calculated as operating profit / (loss) excluding goodwill & intangible impairment, share-based compensation expense, acquisition-related expenses or benefits, costs related to the exchange of ADSs to ordinary shares, costs related to change to US GAAP reporting and voluntarily filing on US domestic issuer forms with SEC and amortization of intangible assets) as a percentage of revenue less repair payments, (2) ANI, which is calculated as profit excluding goodwill & intangible impairment, share-based compensation expense, acquisition-related expenses or benefits, costs related to the termination of ADS program and listing of ordinary shares, costs related to the transition to voluntarily reporting on US domestic issuer forms and amortization of intangible assets and including the tax effect thereon, (3) Adjusted net income margin, which refers to ANI as a percentage of revenue less repair payments, and other non-GAAP financial measures included in this release as supplemental measures of its performance.

Acquisition-related expenses or benefits consists of transaction costs, integration expenses, employment-linked earn-out as part of deferred consideration and changes in the fair value of contingent consideration including the impact of present value thereon. WNS presents these non-GAAP financial measures because it believes they assist investors in comparing its performance across reporting periods on a consistent basis by excluding items that are non-recurring in nature and those it believes are not indicative of its core operating performance. In addition, it uses these non-GAAP financial measures (i) to evaluate the effectiveness of its business strategies and (ii) (with certain adjustments) as a factor in evaluating management’s performance when determining incentive compensation. WNS is excluding acquisition-related expenses as described above with effect from fiscal 2023 second quarter.

These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for WNS’ financial results prepared in accordance with US-GAAP.

The company is not able to provide our forward-looking GAAP revenue, profit and earnings per share without unreasonable efforts for a number of reasons, including our inability to predict with a reasonable degree of certainty the payments to repair centers, our future share-based compensation expense under US-GAAP (Share Based payments), amortization of intangibles and acquisition-related expenses or benefits associated with future acquisitions, goodwill impairment and currency fluctuations. As a result, any attempt to provide a reconciliation of the forward-looking GAAP financial measures (revenue, profit, earnings per share) to our forward-looking non-GAAP financial measures (revenue less repair payments*, ANI* and Adjusted diluted earnings per share*, respectively) would imply a degree of likelihood that we do not believe is reasonable.

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Reconciliation of revenue (GAAP) to revenue less repair payments (non-GAAP) and constant currency revenue less repair payments (non-GAAP)


	Three months ended						Three months ended Sep 30, 2024 compared to
	Sep 30, 2024		Sep 30, 2023		Jun 30, 2024		Sep 30, 2023			Jun 30, 2024
	(Amounts in millions)						(% growth)
Revenue (GAAP)	$	322.6	$	333.9	$	323.1		(3.4	%)		(0.2	%)
Less: Payments to repair centers		11.9		8.9		10.7		33.7	%		11.7	%
Revenue less repair payments (non-GAAP)	$	310.7	$	325.0	$	312.4		(4.4	%)		(0.6	%)
Exchange rate impact		1.3		4.1		4.2
Constant currency revenue less repair payments (non-GAAP)	$	312.0	$	329.1	$	316.7		(5.2	%)		(1.5	%)

Reconciliation of operating income (GAAP to non-GAAP)


	Three months ended
	Sep 30, 2024			Sep 30, 2023			Jun 30, 2024
	(Amounts in millions)
Operating income (GAAP)	$	41.3		$	46.7		$	38.6
Add: Share-based compensation expense		8.3			13.4			11.2
Add: Amortization of intangible assets		7.0			8.7			6.9
Add: Acquisition-related expenses		0.6			1.1			0.6
Add: Costs related to the termination of ADS program and listing of ordinary shares		—			—			0.1
Add: Costs related to the transition to voluntarily reporting on US domestic issuer forms		0.4			—			0.3
Adjusted operating income (non-GAAP)	$	57.7		$	69.9		$	57.6
Operating income as a percentage of revenue (GAAP)		12.8	%		14.0	%		11.9	%
Adjusted operating income as a percentage of revenue less repair payments (non-GAAP)		18.6	%		21.5	%		18.4	%

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Reconciliation of net income (GAAP) to ANI (non-GAAP)


	Three months ended
	Sep 30, 2024			Sep 30, 2023			Jun 30, 2024
	(Amounts in millions, except per share data)
Net income (GAAP)	$	41.8		$	59.4		$	28.9
Add: Share-based compensation expense		8.3			13.4			11.2
Add: Amortization of intangible assets		7.0			8.7			6.9
Add: Acquisition-related expenses / (benefits), net⁽¹⁾		(3.5	)		(20.5	)		0.8
Add: Costs related to the termination of ADS program and listing of ordinary shares		—			—			0.1
Add: Costs related to the transition to voluntarily reporting on US domestic issuer forms		0.4			—			0.3
Less: Tax impact on above⁽²⁾		(2.5	)		(6.5	)		(4.1	)
Adjusted Net Income (non-GAAP)	$	51.5		$	54.4		$	44.0
Net income as a percentage of revenue (GAAP)		13.0	%		17.8	%		9.0	%
Adjusted net income as a percentage of revenue less repair payments (non-GAAP)		16.6	%		16.7	%		14.1	%
Adjusted diluted earnings per share (non-GAAP)	$	1.13		$	1.10		$	0.93

⁽¹⁾	Acquisition related expenses / (benefits) includes reversal of contingent consideration related to acquisition of OptiBuy in September 2024 and Vuram in September 2023.

⁽²⁾

The company applies GAAP methodologies in computing the tax impact on its non-GAAP ANI adjustments (including amortization of intangible assets, acquisition-related expenses and share-based compensation expense). The company’s non-GAAP tax expense is generally higher than its GAAP tax expense if the income subject to taxes is higher considering the effect of the items excluded from GAAP profit to arrive at non-GAAP profit.

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