WNS reports strong financial performance for FY23
MUMBAI, INDIA — Global Business Process Management (BPM) solutions provider WNS announced its financial results for the fourth quarter and full year of the fiscal year 2023, which ended on March 31, 2023.
In the fourth quarter, the company reported a revenue of $314.9 million, showing a 5.4% increase compared to the same period last year and a 2.6% increase from the previous quarter.
For the full FY2023, WNS achieved a revenue of $1.22 billion, up 10.3% from the previous year. The profit for the year was $137.3 million, compared to $132.1 million in fiscal 2022.
The company added 11 new clients during the fourth quarter and expanded 30 existing relationships. WNS’ global headcount now stood at 59,755, with the majority based in India, followed by the Philippines and South Africa.
WNS CEO Keshav Murugesh said, “In the fiscal fourth quarter, WNS once again delivered solid financial performance despite the weak macro environment.”
“We enter fiscal 2024 with healthy demand for our services, strong revenue momentum, a resilient business model, and differentiated positioning in the BPM space. The company remains focused on investing for the future, driving strong operational and financial execution, and delivering long-term sustainable value for all of our stakeholders,” Murugesh added.
WNS delivers an entire spectrum of BPM solutions to re-imagine the digital future of businesses. The firm ranked #24 in the Time Doctor OA500 list, proving its capability as a top outsourcing partner to client companies.
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