WNS Says One Of Its Top Five Customers By Revenue Contribution Served Termination Notice On Jan. 31
Portfolio Pulse from Benzinga Newsdesk
WNS Holdings Ltd. announced that one of its top five customers by revenue contribution in the HCLS SBU has issued a termination notice effective July 1, 2024. This customer accounted for a significant portion of WNS's revenue over the past three fiscal years. Despite the termination, WNS stated it will not impact their fiscal 2024 revenue and discussions are ongoing regarding the transition of services.
February 02, 2024 | 1:08 pm
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WNS Holdings Ltd. received a termination notice from a top customer, which will not affect fiscal 2024 revenue but may have future financial implications.
The termination of a contract with one of WNS's top five customers, although not affecting fiscal 2024 revenue, signals potential future revenue challenges. The company is assessing the financial and accounting impact, indicating uncertainty about future earnings and stability. This news could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
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