Why Business Process Management Company WNS' Shares Are Tumbling Today
Portfolio Pulse from Lekha Gupta
WNS (Holdings) Ltd's shares have fallen by around 18% after the company reported its Q2 FY24 results and lowered its FY24 outlook. The company reported revenue of $325 million, slightly missing the consensus of $325.56 million. Adjusted EPS of $1.09, up 16% Y/Y, topped the consensus of $1.03. WNS ended Q2 FY24 with cash and investments of $248.1 million and debt of $164.1 million. The company lowered the outlook for adjusted revenue to $1.254 billion-$1.300 billion and adjusted EPS to $4.04-$4.24.
October 19, 2023 | 3:31 pm
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WNS shares have dropped by around 18% following the company's Q2 FY24 results and lowered FY24 outlook. The company's revenue slightly missed the consensus, but the adjusted EPS topped the consensus.
WNS shares have dropped significantly due to the company's Q2 FY24 results and lowered FY24 outlook. The company's revenue slightly missed the consensus, which could have led to a decrease in investor confidence. Additionally, the company's lowered outlook for FY24 could indicate potential challenges in the future, which could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100