WNS (WNS, $79.65) posts +81% increase in net profit

Global business process management company WNS posted net profit of $26.8 million for the first quarter, which represent an 81% year-over-year increase.

Revenues climbed +22% from the year-ago quarter to $253.2 million.

"Despite Covid-related challenges in the quarter, WNS continued to perform well and posted solid financial results. Hiring accelerated in support of both new wins and committed volume increases with existing clients," said Group CEO Keshav R Murugesh.

As of quarter-end, the company had $311.3 million in cash and investments. Hiring for the company accelerated, with the addition of almost 3,000 employees during Q1.

Looking ahead, WNS expects  net revenue to be between $961 million and $1,009 million for FY22, higher than prior forecast of $868.7 million.