WNS Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended December 31, 2013; Provides Earnings Guidance for the Fiscal Year 2014
The company provided earnings guidance for the fiscal year 2014. For the period, the company expects revenue less repair payments to be between $470 million and $472 million, up from $436.1 million in fiscal 2013. This assumes an average GBP to USD exchange rate of 1.63 for the remainder of fiscal 2014. Adjusted net income is expected to range between $70 million and $72 million, up from $53.1 million in fiscal 2013. This adjusted net income implies adjusted EPS of $1.33 to $1.37 on a diluted share count of approximately 52.5 million shares. The company expects CapEx level to be in the range of $20 million to $22 million in fiscal 2014. The company currently estimates that full year tax rate will be in the range of 15.5% to 16%.