WNS Holdings reports Q2 non-GAAP EPS $1.13, consensus 99c

Reports Q2 revenue $322.6M, consensus $314.76M. Revenue less repair payments in Q2 was $310.7M, decreasing 4.4% year-over-year and 0.6% sequentially. “Q2 revenue and margin were largely in line with company expectations, while EPS came in above forecast as a result of a one-time tax benefit. Demand for digitally-led business transformation and cost reduction remains robust, while challenges persist in our online travel volumes and project-based revenues,” said CEO Keshav Murugesh. “While our large deal pipeline continues to build to record levels, the conversion of these opportunities and associated revenue ramps remain less visible. As a result, we have removed the revenue contribution from large deals from our FY25 guidance. We are focused on closing these sizeable opportunities in the second half of FY25 to help position the company for revenue acceleration in FY26. In addition, we remain committed to investing ahead of the curve in domain expertise, data and analytics, and technology-enabled offerings leveraging AI and GenAI to ensure our ability to deliver long-term sustainable value to our stakeholders.”