WNS (Holdings) Limited (WNS) Stock

I maintain a neutral rating on WNS (Holdings) stock due to the lack of tangible results from large deal conversions and high employee turnover. WNS reported modest sequential revenue growth and margin improvements in 3Q25, signaling early stabilization despite a year-over-year EPS decline. FY26 could be an inflection point with a robust deal pipeline and GenAI innovations, but execution remains critical for revenue growth.

WNS (Holdings) Ltd. (NYSE:WNS ) Q3 2025 Earnings Conference Call January 23, 2025 8:00 AM ET Company Participants David Mackey - EVP, Finance & Head, IR Keshav Murugesh - CEO Arijit Sen - CFO Conference Call Participants Nate Svensson - DB Bryan Bergin - TD Cowen Surinder Thind - Jefferies Maggie Nolan - William Blair Puneet Jain - J.P.

NEW YORK & LONDON & MUMBAI, India--(BUSINESS WIRE)---- $WNS #AI--WNS (Holdings) Limited today announced results for the fiscal 2025 third quarter ended December 31, 2024.

I maintain a hold rating on WNS due to poor growth outlook and significant headwinds in key segments. WNS reported a 5.4% y/y revenue decline in 2Q25, with major verticals like travel & leisure and healthcare experiencing substantial drops. Despite adding new logos, the timing of large deal signings and revenue recognition remains uncertain, impacting near-term growth visibility.

I rate WNS (Holdings) stock as a Hold after analyzing the company's outlook and capital allocation. WNS' recent financial disclosures were disappointing with a "low-quality" bottom line beat and a downward revision of its FY 2025 guidance. But the stock's current valuations are attractive, and there is potential valuation support from value-accretive capital allocation initiatives like buybacks or acquisitions.

NEW YORK & LONDON & MUMBAI, India--(BUSINESS WIRE)---- $WNS #Adjustednetincome--WNS, a digital-led business transformation and services partner, today announced results for the fiscal 2025 second quarter ended September 30, 2024.

WNS (Holdings) Limited (NYSE:WNS ) Q2 2025 Results Conference Call October 17, 2024 8:00 AM ET Company Participants David Mackey - EVP, Finance and Head of IR Keshav Murugesh - CEO Arijit Sen - Corporate Financial Controller Conference Call Participants Nate Svensson - Deutsche Bank Bryan Bergin - TD Cowen Mayank Tandon - Needham and Company Puneet Jain - JPMorgan Jesse Wilson - William Blair Operator Good morning, and welcome to the WNS Holdings Fiscal 2025 Second Quarter Earnings Conference Call. [Operator Instructions].

NEW YORK & LONDON & MUMBAI--(BUSINESS WIRE)---- $WNS #AI--WNS and Uniqus join forces to offer Sustainability and Technical Accounting & Reporting Consulting services.

WNS Holdings receives a hold rating due to poor near-term growth outlook and challenges in key revenue verticals. Revenue fell in the latest quarter, with significant headwinds in the Travel & Leisure, healthcare, and insurance segments. Unlikely to meet FY25 guidance given the significant growth acceleration needed in 2H25.