MUMBAI, INDIA & NEW YORK--(BUSINESS WIRE)--Aug. 17, 2007--WNS
(Holdings) Limited (NYSE: WNS), a leading provider of offshore
business process outsourcing (BPO) services issued the following
release and conference call announcement:
As announced yesterday, we are revising our prior guidance in
light of First Magnus Financial Corporation advising us they will stop
substantially all work with us and in light of the current volatility
in the mortgage market as follows:
In subsequent years the loss of the First Magnus Financial
Corporation and other mortgage businesses is expected to
result in our revenue less repair payments being lower by
approximately $20m per annum and the net income before tax
being lower by approximately $4m per annum.
The foregoing assumes a Rs. 40.70/US$1 and US$2.03/1 pound
exchange rate.
We will also look for additional areas to cut costs to mitigate
the negative impact vs. our earlier guidance.
Conference Call
WNS will host a conference call on August 17, at 9:30 a.m. (EDT)
to discuss the company's quarterly results. To participate, callers
can dial 800-573-4752 from within the U.S. or +1-617-244-4327 from any
other country. The participant passcode is 18296275. A replay will be
made available online at www.wnsgs.com for a period of three months
beginning two hours after the end of the call.
About WNS
WNS is a leading provider of offshore business process
outsourcing, or BPO, services. We provide comprehensive data, voice
and analytical services that are underpinned by our expertise in our
target industry sectors. We transfer the execution of the business
processes of our clients, which are typically companies located in
Europe and North America, to our delivery centers located primarily in
India. We provide high quality execution of client processes, monitor
these processes against multiple performance metrics, and seek to
improve them on an ongoing basis.
Our ADSs are listed on the New York Stock Exchange. For more
information, please visit our website at www.wnsgs.com.
Safe Harbor Statement under the provisions of the United States
Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements, as defined
in the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These statements involve a number of
risks, uncertainties and other factors that could cause actual results
to differ materially from those that may be projected by these forward
looking statements. These risks and uncertainties include but are not
limited to a slowdown in the U.S. and Indian economies and in the
sectors in which our clients are based, a slowdown in the BPO and IT
sectors world-wide, competition, the success or failure of our past
and future acquisitions, attracting, recruiting and retaining highly
skilled employees, technology, legal and regulatory policy as well as
other risks detailed in our reports filed with the U.S. Securities and
Exchange Commission. These filings are available at www.sec.gov. We
may, from time to time, make additional written and oral
forward-looking statements, including statements contained in our
filings with the Securities and Exchange Commission and our reports to
shareholders. You are cautioned not to place undue reliance on these
forward-looking statements, which reflect management's current
analysis of future events. We undertake no obligation to publicly
update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.
CONTACT: Investors:
WNS (Holdings) Limited
Jay Venkateswaran, +1 917 698 6696
Senior VP -- Investor Relations
ir@wnsgs.com
or
Media:
The Torrenzano Group
Al Bellenchia, +1 212 681 1700 ext. 156
abellenchia@torrenzano.com
SOURCE: WNS (Holdings) Limited
