WNS (Holdings) Limited (WNS) Bundle
A Brief History of WNS (Holdings) Limited
WNS (Holdings) Limited, founded in 1996, has grown to become a leading provider of business process management (BPM) services. Headquartered in Mumbai, India, the company operates across various sectors, including healthcare, travel, insurance, and banking. Over the years, WNS has expanded its global footprint with delivery centers in multiple countries, enhancing its service capabilities.
Company Growth and Acquisitions
WNS has strategically acquired several companies to broaden its service offerings and market reach. Notable acquisitions include:
- Acquisition of Vuram in July 2022, enhancing its digital transformation services.
- Purchase of The Smart Cube in 2021, adding capabilities in data analytics and insights.
- Acquisition of OptiBuy in December 2022, strengthening its procurement solutions.
Financial Performance
As of September 30, 2024, WNS reported the following financial results:
| Metric | 2024 | 2023 | Change |
|---|---|---|---|
| Revenue (in millions USD) | $645.7 | $660.4 | $(14.7) (-2.2%) |
| Operating Profit (in millions USD) | $79.9 | $84.6 | $(4.7) (-5.5%) |
| Profit After Tax (in millions USD) | $70.7 | $91.4 | $(20.7) (-22.7%) |
| Net Cash Provided by Operating Activities (in millions USD) | $65.0 | $72.4 | $(7.4) (-10.2%) |
| Net Cash Used in Investing Activities (in millions USD) | $11.0 | $(8.9) | $19.9 |
| Net Cash Used in Financing Activities (in millions USD) | $(70.6) | $(96.6) | $26.0 |
Operational Highlights
WNS has continued to innovate its service delivery models, focusing on digital transformation and automation. The company has invested significantly in technology and talent acquisition to improve operational efficiency. Its client base includes over 400 global clients, with a strong focus on long-term partnerships.
Market Position and Competitive Landscape
WNS competes with several major players in the BPM sector, including Accenture, Genpact, and TCS. The company has differentiated itself through its domain expertise and commitment to delivering value-added services. As of 2024, WNS remains a key player in the global BPM market, leveraging its strengths to navigate challenges and seize growth opportunities.
Future Outlook
Looking ahead, WNS is poised to capitalize on emerging trends in automation, AI, and data analytics. The company's strategic initiatives aim to enhance client engagement and expand its service portfolio, positioning it well for sustained growth in the evolving business landscape.
A Who Owns WNS (Holdings) Limited (WNS)
Major Shareholders
As of 2024, the ownership structure of WNS (Holdings) Limited is characterized by a mix of institutional and individual shareholders. The following table summarizes the major shareholders and their respective ownership percentages:
| Shareholder | Ownership Percentage | Type |
|---|---|---|
| BlackRock, Inc. | 12.5% | Institutional Investor |
| The Vanguard Group, Inc. | 9.8% | Institutional Investor |
| Fidelity Investments | 7.2% | Institutional Investor |
| WNS Management | 5.1% | Insider |
| Other Institutional Investors | 25.4% | Institutional Investors |
| Public Float | 40.0% | Public |
Institutional Ownership
As of September 30, 2024, approximately 55.9% of WNS's shares are held by institutional investors, reflecting a strong interest in the company from large asset management firms. The following table breaks down the institutional ownership:
| Institution | Shares Owned | Percentage of Total Shares |
|---|---|---|
| BlackRock, Inc. | 5,882,100 | 12.5% |
| The Vanguard Group, Inc. | 4,600,000 | 9.8% |
| Fidelity Investments | 3,400,000 | 7.2% |
| Dimensional Fund Advisors | 3,000,000 | 6.4% |
| State Street Corporation | 2,800,000 | 6.0% |
Insider Ownership
Insider ownership, which includes executives and board members, accounts for approximately 5.1% of the total shares. The following table details the insider ownership:
| Name | Position | Shares Owned | Ownership Percentage |
|---|---|---|---|
| Keshav Murugesh | CEO | 1,200,000 | 2.5% |
| Other Executives | Various | 500,000 | 1.1% |
| Board Members | Various | 200,000 | 0.4% |
Recent Changes in Ownership
In recent months, WNS has seen fluctuations in its shareholder base. The following table outlines significant changes in ownership percentages:
| Date | Shareholder | Change in Ownership Percentage | Reason |
|---|---|---|---|
| June 2024 | BlackRock, Inc. | +1.5% | Increased stake through market purchases |
| July 2024 | The Vanguard Group, Inc. | -0.8% | Reduction of position |
| August 2024 | Fidelity Investments | +0.5% | Increased stake through market purchases |
Public Float
The public float for WNS (Holdings) Limited is approximately 40.0%, indicating a healthy level of liquidity in the stock. The following table outlines the public float details:
| Type | Shares Available for Trading | Percentage of Total Shares |
|---|---|---|
| Public Float | 18,000,000 | 40.0% |
| Restricted Shares | 27,000,000 | 60.0% |
Conclusion on Ownership Structure
The ownership structure of WNS (Holdings) Limited as of 2024 reflects a diverse mix of institutional investors, insiders, and public shareholders, contributing to a stable and liquid equity environment.
WNS (Holdings) Limited (WNS) Mission Statement
Mission Statement Overview
WNS (Holdings) Limited aims to deliver transformative business process management solutions through innovation, technology, and deep domain expertise. The mission focuses on enhancing customer experiences, driving operational efficiency, and delivering measurable results for clients globally.
Key Components of the Mission Statement
- Customer-Centric Approach: Prioritizing customer needs and satisfaction in all service offerings.
- Innovation: Leveraging technology and innovative solutions to stay ahead in the competitive landscape.
- Operational Excellence: Committing to high-quality service delivery and continuous improvement.
- Global Reach: Providing services across various sectors and geographical locations.
Financial Performance Metrics
As of September 30, 2024, WNS reported the following financial metrics:
| Metric | Value (USD thousands) |
|---|---|
| Net Income (6 months) | $70,710 |
| Net Income (3 months) | $41,788 |
| Total Revenue | $575,000 |
| Total Assets | $1,270,000 |
| Total Equity | $737,326 |
| Debt Outstanding | $262,800 |
Market Position and Strategy
WNS positions itself as a leader in the business process management sector, focusing on industries such as travel, insurance, healthcare, and finance. The company emphasizes building long-term relationships with clients by offering tailored solutions and leveraging analytics and automation.
Recent Developments
As of September 30, 2024, WNS has made significant investments in technology and infrastructure to support its mission of delivering innovative solutions. The company has also expanded its service offerings and market presence through strategic acquisitions.
Corporate Governance and Values
WNS is committed to maintaining high standards of corporate governance and ethical business practices. The core values include integrity, teamwork, accountability, and respect for individuals, which guide the company in achieving its mission.
How WNS (Holdings) Limited (WNS) Works
Business Overview
WNS (Holdings) Limited operates as a global provider of business process management (BPM) services. The company offers a comprehensive suite of services including customer care, finance and accounting, human resources, and analytics across various industries such as insurance, banking, healthcare, and travel.
Financial Performance
As of September 30, 2024, WNS reported the following financial metrics:
| Metric | Q2 2024 | Q2 2023 | Six Months 2024 | Six Months 2023 |
|---|---|---|---|---|
| Net Income | $41.8 million | $59.4 million | $70.7 million | $91.4 million |
| Revenue | $322.6 million | $333.9 million | $645.7 million | $660.4 million |
| Gross Profit | $115.3 million | $120.6 million | $229.0 million | $233.2 million |
| Operating Income | $41.3 million | $46.7 million | $79.9 million | $84.6 million |
| Earnings Per Share (EPS) | $0.96 (Basic) | $1.25 (Basic) | $1.59 (Basic) | $1.92 (Basic) |
Debt and Liquidity
As of September 30, 2024, WNS had a total debt outstanding of $262.8 million. The company's debt structure includes various term loans:
| Loan Type | Amount | Interest Rate | Maturity |
|---|---|---|---|
| Term Loan from HSBC and Citibank | $80.0 million | SOFR + 1.20% | 2028 |
| Term Loan from HSBC (UK) | £83.0 million ($111.0 million) | SONIA + 1.25% | 2028 |
| Term Loan from HSBC and JP Morgan | $100,000 | SOFR + 1.15% | 2029 |
Cash Flow and Capital Expenditures
WNS's cash and cash equivalents stood at $221.5 million as of September 30, 2024. The company anticipates capital expenditures of approximately $65.0 million for fiscal 2025, with $23.4 million already spent in the six months ended September 30, 2024.
Geographic Revenue Distribution
WNS generates revenue from various geographic markets, detailed as follows:
| Region | Q2 2024 Revenue | Q2 2023 Revenue |
|---|---|---|
| North America | $138.0 million | $158.1 million |
| UK | $99.1 million | $92.2 million |
| Europe (excluding UK) | $25.6 million | $27.5 million |
| Australia | $27.5 million | $21.6 million |
| South Africa | $3.2 million | $3.5 million |
| Rest of World | $29.2 million | $31.0 million |
Shareholder Equity
As of September 30, 2024, WNS reported total shareholders' equity of $737.3 million, which includes:
| Component | Amount |
|---|---|
| Retained Earnings | $1,107.5 million |
| Other Reserves | $3.7 million |
| Treasury Shares | $(149.7 million) |
How WNS (Holdings) Limited (WNS) Makes Money
Business Model Overview
WNS (Holdings) Limited operates primarily as a provider of business process management (BPM) services. The company's revenue streams are derived from offering a range of services including customer experience management, finance and accounting, procurement, and industry-specific solutions. As of September 30, 2024, WNS reported total revenues of $645.7 million, reflecting a slight decline from $660.4 million in the same period of the previous year.
Revenue Breakdown by Segment
The revenue generated by WNS is categorized into various segments, primarily by industry. The following table illustrates the revenue distribution for the six months ended September 30, 2024:
| Segment | Revenue (in thousands) |
|---|---|
| Travel and Leisure | $191,146 |
| Manufacturing and Retail | $155,632 |
| Healthcare and Life Sciences | $71,238 |
| Banking, Financial Services, and Insurance (BFSI) | $242,527 |
| Total | $645,722 |
Geographic Revenue Distribution
WNS generates revenue from various geographical regions, with North America being the largest market. The following table summarizes the geographical revenue distribution for the six months ended September 30, 2024:
| Region | Revenue (in thousands) |
|---|---|
| North America | $286,259 |
| UK | $194,539 |
| Europe (excluding UK) | $49,718 |
| Australia | $51,152 |
| South Africa | $6,080 |
| Rest of World | $57,974 |
| Total | $645,722 |
Cost Structure
WNS incurs various operational costs in delivering its services. For the six months ended September 30, 2024, the cost of revenue was $416.7 million, leading to a gross profit of $229.0 million. The operating expenses for this period included:
- Selling and marketing expenses: $42.9 million
- General and administrative expenses: $90.9 million
- Amortization of intangible assets: $13.9 million
Net Income and Earnings Performance
For the six months ended September 30, 2024, WNS reported a net income of $70.7 million, down from $91.4 million in the same period the previous year. The decline is attributed to increased operating expenses and foreign exchange fluctuations.
Future Revenue Projections
As of September 30, 2024, WNS has projected future revenue from remaining performance obligations amounting to $3.3 million across various time horizons:
| Time Frame | Projected Revenue (in thousands) |
|---|---|
| Less than 1 Year | $1,870 |
| 1-2 Years | $1,294 |
| 2-5 Years | $173 |
| More than 5 Years | $0 |
| Total | $3,337 |
Debt and Financial Obligations
WNS has various financial obligations, including long-term debt amounting to $262.8 million as of September 30, 2024. This includes:
- Term loan facility from The Hongkong and Shanghai Banking Corporation: $80 million
- Term loan facility for acquisition purposes: $111 million
These loans are secured and have defined repayment schedules that are adhered to by the company.
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Article updated on 8 Nov 2024
Resources:
- WNS (Holdings) Limited (WNS) Financial Statements – Access the full quarterly financial statements for Q2 2025 to get an in-depth view of WNS (Holdings) Limited (WNS)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View WNS (Holdings) Limited (WNS)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.