WNS (Holdings) Limited - WNS STOCK NEWS

WNS (Holdings) Limited (NYSE: WNS) announced the appointment of Diane de Saint Victor to its Board of Directors, effective April 1, 2023. With over 40 years of experience, she brings extensive expertise in ESG, digital compliance, international law, and talent management. Diane previously served as General Counsel at ABB and has held senior roles at Airbus Group, Honeywell, and General Electric. Her appointment aims to enhance corporate governance and sustainability efforts at WNS, as highlighted by Chairman Tim Main, who noted her potential positive impact on the Company's direction.

The healthcare payer services market is projected to grow from $69.9 billion in 2022 to $118.2 billion by 2027, with a CAGR of 11.1%. Key drivers include increased health insurance enrollments and the demand for outsourcing services to reduce costs. The Affordable Care Act has expanded access to insurance, increasing the need for payer services. However, challenges such as data breaches and high outsourcing costs may hinder growth. The North American region is expected to dominate the market, driven by federal mandates and technological advancements.

WNS (Holdings) Limited (NYSE: WNS) has announced the resignation of Chief Operating Officer Gautam Barai, effective May 15, 2023, to pursue other interests. The company will implement a new organizational structure on April 1, 2023, featuring four Strategic Business Units (SBUs), each managed by a Chief Business Officer. This restructuring aims to improve scalability, enhance synergy, and drive operating leverage, aligning with the company's objectives for growth and client outcomes. WNS expresses gratitude for Barai's contributions over the past 13 years and anticipates positive impacts from this transition.

BOSTON, Feb. 14, 2023 /PRNewswire/ -- Data Bridge Market Research has published a report on the Business Process Outsourcing (BPO) market, forecasting a growth rate of 7.9% CAGR from 2022 to 2029, aiming to reach USD 422,605.53 million by 2029. Key growth drivers include the need for business agility and multi-workflow scheduling. The report includes an analysis of market dynamics, competitive landscapes, and key segments across various domains such as HR, finance, and customer care. Major players include WNS, IBM, and Accenture. The report serves as a strategic tool for businesses to enhance ROI through informed decisions.

WNS (Holdings) Limited (NYSE: WNS) reported its fiscal 2023 Q3 results, achieving revenue of $306.9 million, marking an 8.0% year-over-year increase but a slight decline of 0.1% from the previous quarter. Profit rose to $34.7 million, compared to $34.3 million last year. Non-GAAP revenue less repair payments was $292.9 million, a 12.2% increase year-over-year. Adjusted diluted EPS reached $1.01, up from $0.88 in Q3 last year. The company added 11 new clients and anticipates revenue less repair payments of $1,146 million to $1,158 million for FY 2023. Updated ANI guidance is $193 million to $197 million.

WNS (Holdings) Limited (NYSE: WNS) will release its fiscal 2023 third-quarter financial results on January 19, 2023, at 6:00 a.m. Eastern. A teleconference will follow at 8:00 a.m. Eastern, featuring CEO Keshav Murugesh, CFO Sanjay Puria, and COO Gautam Barai discussing the results for the quarter ending December 31, 2022. Investors can access the call via the company’s investor relations website and are encouraged to register online for dial-in details. WNS specializes in Business Process Management, providing digital solutions across various industries with a workforce of over 57,500 worldwide.

WNS (Holdings) Limited (NYSE: WNS) announced the retirement of Michael Menezes and Gareth Williams from the Board of Directors, effective December 31, 2022. Both have served the board for nine years, the maximum term according to company guidelines. Jason Liberty, an existing board member, will replace Menezes as Chairperson of the Audit Committee, while Lan Tu will take over from Williams as Chairperson of the Compensation Committee from January 1, 2023. The board expressed gratitude for the contributions of the retiring members towards corporate governance and company success.