|Rediff India Abroad Home | All the sections|
WNS Q3 net down 23% on stronger Re
BS Reporter in Mumbai | February 09, 2008 16:28 IST
The company's revenue grew 13.4 per cent at $115.6 million (around Rs 457.08 crore) for the third quarter from $101.9 million (around Rs 402.9 crore).
Revenue growth was flat on a quarter-on-quarter basis at $115.6 million.
Neeraj Bhargava, group chief executive officer, WNS, said, "We are targeting better-than-expected profits for the year due to expansion of current client relationships, the accelerated growth of our analytics services businesses, and an ability to control costs, which have allowed us to weather pressure from currency appreciation and declines in mortgage revenue."
Net income (excluding share-based compensation, related fringe benefit taxes and amortisation of intangible assets) was $8.1 million, a decrease of 8.9 per cent from the corresponding quarter last year. This decrease is primarily due to the appreciation of the rupee against the dollar.