WNS (Holdings) Limited (NYSE: WNS), a leading digital-led business transformation and services partner, reported mixed results for the second quarter of fiscal 2025 ended September 30, 2024. The company's revenue less repair payments, a key non-GAAP metric, declined 4.4% year-over-year to $310.7 million, but beat analysts' consensus estimate of $314.76 million.
On the earnings front, WNS reported non-GAAP adjusted net income (ANI) of $51.5 million, or $1.13 per diluted share, compared to $54.4 million, or $1.10 per share, in the same quarter last year. The company's earnings per share surpassed the consensus estimate of $0.99, driven by a one-time tax benefit and favorable currency movements.
However, the company's outlook for the full fiscal year was less optimistic. WNS lowered its fiscal 2025 guidance, citing challenges in the online travel segment, the offshore delivery transition of a large internet customer, and reductions in discretionary project work. The company now expects revenue less repair payments to be between $1,250 million and $1,296 million, down from its previous guidance range of $1,284.3 million. Non-GAAP ANI is expected to be in the range of $190 million to $200 million, compared to $218.0 million in fiscal 2024.
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