WNS (Holdings) Limited (NYSE:WNS) Q3 2020 Earnings Conference Call - Final Transcript

Jan 16, 2020 • 08:00 am ET

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WNS (Holdings) Limited (NYSE:WNS) Q3 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
Sanjay Puria

was 34,211 and average billed seat utilization improved to 1.27. The infrastructure built out plan for quarter three is now expected to impact our profit and loss beginning in quarter four of this fiscal year. In our press release issued earlier today, WNS provided updated guidance for fiscal 2020.

Based on the Company's current visibility levels, we expect net revenue to be in the range of $890 million to $900 million, representing year-over-year revenue growth of 12% to 13%. Our guidance includes $6.5 million of short-term non-recurring revenue in quarter four. This amount has been included, because it is visible and committed as of today.

Revenue guidance assumes an average British pound to U.S. dollar exchange rate of 1.31 for the remainder of fiscal 2020. Excluding exchange rate impacts, revenue guidance represents constant currency growth of 13% to 14%, all of which is organic. We currently have over 99% visibility to the midpoint of the revenue range, consistent with January guidance in prior years.

Adjusted net income is expected to be in the range of $158 million to $162 million based on a INR71 to U.S. dollar exchange rate for the remainder of fiscal 2020. This implies adjusted EPS of $3.05 to $3.12, assuming a diluted share count of approximately 51.9 million shares.

Full year adjusted EPS guidance includes a year-over-year negative impact of approximately $0.06 per share associated with the adoption of IFRS 16. With respect to capital expenditures, WNS continues to expect our requirements for fiscal 2020 to be up to $35 million.

We'll now open the call for questions, operator.