WNS Reports $336 M Revenue with Flat Growth for Q4 FY25

WNS on Thursday announced its Q4 FY25 results, posting quarterly revenue of $336.3 million, showcasing flat growth compared to the same period last year and only $3 million up from $333 million reported in the last quarter.

While profit surged to $50.8 million from $14.5 million a year ago, it increased by only $2 million from the $48.6 million in the last quarter.

For the full year, WNS recorded revenue of $1.31 billion, slightly down from $1.32 billion in FY24. Despite this marginal decline, annual profit grew to $170.1 million, with EPS increasing to $3.71 from $2.99. 

The company attributed its performance to strategic client additions and expanded relationships, although it faced challenges such as the loss of a major healthcare client and reduced volumes in the online travel segment.

The fourth quarter saw the addition of nine new clients and the expansion of services across 50 existing accounts. WNS closed the quarter with a global headcount of 64,505 and 34 days' sales outstanding (DSO). 

The company also completed the acquisition of Kipi.ai, which bolsters its capabilities in data, analytics, and AI.

CEO Keshav Murugesh emphasised the company’s continued progress on strategic investments despite top-line headwinds. 

He noted that WNS returned to sequential revenue growth in the second half of the year and executed key capital allocation strategies, including a $63.4 million investment in Kipi.ai and the repurchase of 2.8 million shares. 

For fiscal 2026, WNS has projected a revenue range of $1.35 billion to $1.4 billion, reflecting a 7–11% increase. The adjusted net income is expected to fall between $199 million and $211 million. The company forecasts adjusted diluted EPS between $4.43 and $4.70, compared to $4.55 in FY25, which included non-recurring benefits. 

CFO Arijit Sen stated that the outlook is based on current visibility levels and includes a 2% revenue contribution from Kipi.ai, with 90% visibility already achieved to the midpoint of revenue guidance. 

Capital expenditures for FY26 are expected to be up to $65 million.

WNS reported slightly disappointing quarterly revenue compared to its peers like Persistent Systems and LTIMindtree, but similar to larger IT firms like Infosys, TCS, Wipro, and HCLTech.

Persistent Systems delivered better-than-expected results for the March quarter, outperforming even larger Indian IT firms. The company reported a 25% year-on-year rise in consolidated net profit and revenues for Q4 FY25.

LTIMindtree also reported positive Q4 FY25 results with modest growth. The company reported revenue of ₹9,771.7 crore, reflecting a 1.1% sequential growth and a 9.9% year-over-year increase. However, in dollar terms, the revenue declined by 0.7 % to $1.13 billion.

In comparison, HCLTech’s revenue for the fourth quarter of FY 2025 rose by 1.2%, while TCS's and Wipro's revenue reported 0.8% growth. And Infosys’ revenue declined by 4.2%.