WNS Posts Fiscal Q3 EPS, Revenue Beat

WNS reported financial results for fiscal Q3, with both top and bottom lines exceeding Street expectations; it also raised its guidance for fiscal 2017 above analysts’ forcasts.

For the quarter ended Dec. 31, the provider of global business process management services posted adjusted earnings of $0.49 per ADS, compared with the prior-year period’s $0.45 per ADS. Analysts polled by Capital IQ were expecting $0.42 per ADS.

Revenue was $139.8 million, up 2.9% from $135.9 million in the same quarter last year. The Street view was for revenue of $137.8 million.

The company updated its guidance for the fiscal year ending March 31, and now expects FY17 EPS of $1.72 – $1.76, up from a prior range of $1.60 to $1.70, on revenue of $564 million – $568 million, up from the previous range between $551 million to $567 million. The Street view is for EPS of $1.06 on revenue of $563.8 million.