Tag - WNS

WNS (Holdings) Ltd. (NYSE: WNS) raised its fiscal year 2008 revenue guidance to a range of $290 million to $295 million, from a previous range of $286 million to $291 million announced on Aug. 17.

WNS had already lowered its revenue guidance from a former range of $302 million to $307 million announced on Aug. 15.

The India-based business outsourcing company said it raised its revenue projections due to its rapid response to fluctuations in its American mortgage services business.

"Revenue growth continues to be robust across sectors, and we are confident of finishing this fiscal year on a strong note," CEO Neeraj Bhargava said in a statement. "The overall strength and diversity of our operations have helped us withstand pressure from the mortgage slowdown and appreciation of the Indian Rupee. The WNS team has addressed these issues rapidly while addressing other challenges like attrition and acquiring new business."

WNS said it expects fiscal 2008 net income to be in a range of $33 million to $35 million. The revised guidance is based on current Indian and American currency exchange rates, the company said.

During morning trading on Wednesday, shares of WNS were up $1, or 5.71%, at $18.50.  Over the past 52 weeks, shares have ranged between $16.15 and $35.83.