WNS Holdings lowers FY24 adjusted EPS view to $4.04-$4.24 from $4.21-$4.45

Consensus for FY24 EPS is $4.34. Lowers FY23 revenue view to $1.254B-$1.30B from $1.296B-$1.354B, consensus $1.33B. Lowers FY24 ANI view to $201M-$211M from $211M-$223M versus $196.1M in FY23. “The company has updated our forecast for fiscal 2024 based on current visibility levels and exchange rates,” said Sanjay Puria, CFO. “Our guidance for the full year reflects growth in revenue less repair payments of 8% to 12% on both a reported and constant currency* basis. The revised guidance reflects reduced volume commitments from certain clients, lower project revenues, and a delay in the ramp of our large insurance captive. We currently have 97% visibility to the midpoint of the revenue range. For the year, we expect capital expenditures of up to $60M.”