WNS Holdings raises FY24 EPS view to $4.27-$4.39 from $4.04-$.24

Sees FY24 revenue less repair payments $1.270B-$1.292B, consensus $1.28B. FY24 EPS consensus is $4.15. Guidance assumes an average GBP to USD exchange rate of 1.27 for the remainder of FY24. See FY24 ANI $212M-$218M versus $196.1M in FY3. Guidance assumes an average USD to INR exchange rate of 83.3 for the remainder of fiscal 2024. “The company has updated our forecast for fiscal 2024 based on current visibility levels and exchange rates,” said Sanjay Puria, WNS‘ CFO. “Our guidance for the full year reflects growth in revenue less repair payments* of 9% to 11% on both a reported* and constant currency* basis. The guidance includes expected healthy demand for core process automation and cost-reduction based solutions, and ongoing softness in transaction volumes from certain clients and discretionary project-based revenues. We currently have over 99% visibility to the midpoint of the revenue range. For the year, we continue to expect capital expenditures of up to $60M.”