Q2 2025 WNS (Holdings) Ltd Earnings Call Transcript
Key Points
- WNS (Holdings) Ltd (WNS) reported EPS above forecast due to a one-time tax benefit of $9 million.
- The company added nine new logos and expanded 41 existing relationships during the second quarter.
- WNS has a strong pipeline of over 20 large deals representing more than $500 million in annual contract value.
- The company's analytics practice is experiencing strong growth, with standalone analytics work growing at a 20% CAGR over the past three years.
- WNS has been recognized as a market leader in analytics and AI by several industry analysts and received multiple awards for its AI solutions.
- Net revenue decreased by 4.4% year-over-year and 5.2% on a constant currency basis.
- The company lost a large healthcare client and experienced continued reductions in online travel revenues.
- Full-year guidance has been lowered due to reductions in online travel volumes and slower-than-expected conversion of large deals.
- Adjusted operating margin decreased to 18.6% from 21.5% last year, impacted by lower revenue and increased investments.
- The effective tax rate for Q2 was significantly reduced due to one-time tax benefits, which may not recur in future quarters.
Good morning and welcome to the WNS Holdings fiscal 2025 second quarter earnings conference call. At this time, all participants are in a and only mode after management prepared remarks, we will conduct a question and answer session and instructions for how to ask the question fraud at that time. As a reminder, the call is being recorded for replay purposes. Now, I would like to send the call over to David Mackey WNS, Executive Vice President of Finance and Head of investigations. David.
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Thank you and welcome to our fiscal 2025 second quarter earnings call with me today on the call. I have WN s' CEO Keshav Murugesh and WNS CFO Arijit Sen a press release detailing our financial results was issued earlier today. This release is also available on the investor relations section of our website at www dot wns dotcom.
Today's remarks will focus on the results for the fiscal
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