WNS (Holdings) Limited - WNS STOCK NEWS

WNS (Holdings) Limited (NYSE: WNS) has partnered with McCain Foods to enhance its Finance & Accounting (F&A) function. This strategic move comes as McCain seeks to transition from its former service provider, leveraging WNS' expertise in the consumer goods and manufacturing sectors. WNS' capabilities in intelligent automation, powered by AI and ML, aim to improve efficiency, accuracy, and cost savings. The partnership was praised by McCain's CFO for its effective remote transition during the pandemic, ensuring no operational disruptions.

WNS Assistance, a leading UK claims management provider, has partnered with By Miles, an insurtech startup, to offer innovative connected car insurance policies. This unique offering uses real-time vehicle data to manage pay-by-mile policies, aimed at drivers covering under 7,000 miles annually. WNS will provide 24/7 claims management to enhance customer experience, accelerate claims lodgements, and reduce costs. The collaboration highlights WNS's commitment to innovation in the evolving insurance industry, with significant implications for customer safety and claims efficiency.

WNS (Holdings) Limited (WNS) announced its fiscal 2021 Q3 results for the period ending December 31, 2020. Revenue was $238.4 million, down 0.3% year-over-year but up 7.1% sequentially. Profit rose to $31.0 million, slightly above last year's $30.9 million. Adjusted Net Income reached $41.0 million. The company added 9 new clients and expanded 14 existing relationships. However, they adjusted fiscal 2021 guidance, expecting revenue less repair payments between $860 million and $870 million, down from $896.2 million in fiscal 2020.

WNS (Holdings) Limited (NYSE: WNS) will release its fiscal 2021 third quarter financial results on January 21, 2021, at 6:00 a.m. Eastern. The results will cover the quarter ended December 31, 2020. Following the release, a management call will take place at 8:00 a.m. Eastern, featuring CEO Keshav Murugesh, CFO Sanjay Puria, and COO Gautam Barai. Participants can access the call via the company’s investor relations website. A replay will be available for one week post-call.

WNS (Holdings) Limited (NYSE: WNS) has successfully implemented a custom intelligent automation solution for Virgin Atlantic, addressing a surge in COVID-19-related refund requests that exceeded normal volumes by 400 times. Developed with Automation Anywhere, the solution automated refund processing, achieving approximately 90% automation in the refund-carding process, tripling processing speed, and enhancing claim quality by 93%. This initiative has significantly improved customer satisfaction while maintaining operational integrity during the pandemic.

WNS (Holdings) Limited (NYSE: WNS) has extended its partnership with Scandinavian Airlines System (SAS) to enhance services including Passenger Revenue Accounting (PRA) and Cargo Revenue Accounting (CRA). This partnership, ongoing for nearly two decades, will now incorporate new analytical support and solutions across risk, audit, and compliance. WNS aims to leverage its extensive travel industry expertise and digital investments to deliver impactful outcomes for SAS, emphasizing client-centricity in streamlining accounting processes.

WNS (Holdings) Limited (NYSE: WNS) has launched a hyperautomation platform suite aimed at enhancing enterprise-wide digital transformation. This innovative suite integrates domain expertise, process intelligence, and agile practices to manage process complexity and improve scalability. Powered by a partnership with EvoluteIQ, the platform enables seamless integration of various technologies, addressing significant obstacles in digital transformations. The suite is positioned as a vital tool for companies aiming to innovate and adapt to a digital-only landscape, facilitating new business models and improving overall efficiency.

WNS (Holdings) Limited (WNS) reported its fiscal 2021 second quarter results, revealing revenue of $222.6 million, a 1.6% decline from the previous year but a 7.1% increase from the prior quarter. Profit reached $29.2 million, up from $28.7 million year-over-year. Adjusted Net Income was $37.9 million, down from $40.6 million last year. The company added 8 new clients and expanded 17 existing relationships. WNS forecasts revenue less repair payments between $830 million and $854 million for the fiscal year, amid challenges posed by COVID-19.