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WNS WNS Announces Fiscal 2022 Second Quarter Earnings , Revises Full Year Guidance October 28 , 2021 NEW YORK & MUMBAI , India -- ( BUSINESS WIRE ) -- Oct . 28 , 2021-- WNS ( Holdings ) Limited ( WNS ) ( NYSE : WNS ) , a leading provider of global Business Process Management ( BPM ) solutions , today announced results for the fiscal 2022 second quarter ended September 30 , 2021 . Highlights - Fiscal 2022 Second Quarter : GAAP Financials • Revenue of $ 273.6 million , up 22.9 % from $ 222.6 million in Q2 of last year and up 8.0 % from $ 253.2 million last quarter • Profit of $ 32.1 million , compared to $ 29.2 million in Q2 of last year and $ 26.8 million last quarter • Diluted earnings per ADS of $ 0.64 , compared to $ 0.56 in Q2 of last year and $ 0.52 last quarter Non - GAAP Financial Measures * • Revenue less repair payments of $ 254.4 million , up 18.7 % from $ 214.4 million in Q2 of last year and up 7.7 % from $ 236.3 million last quarter • Adjusted Net Income ( ANI ) of $ 43.1 million , compared to $ 37.9 million in Q2 of last year and $ 39.0 million last quarter • Adjusted diluted earnings per ADS of $ 0.86 , compared to $ 0.73 in Q2 of last year and $ 0.76 last quarter Other Metrics • Added 8 new clients in the quarter , expanded 32 existing relationships • Days sales outstanding ( DSO ) at 31 days • Global headcount of 49,511 as of September 30 , 2021 Reconciliations of the non - GAAP financial measures discussed below to our GAAP operating results are included at the end of this release . See also " About Non - GAAP Financial Measures . " Revenue in the second quarter was $ 273.6 million , representing a 22.9 % increase versus Q2 of last year and an 8.0 % increase from the previous quarter . Revenue less repair payments * in the second quarter was $ 254.4 million , an increase of 18.7 % year - over - year and a 7.7 % increase sequentially . Excluding exchange rate impacts , constant currency revenue less repair payments * in the fiscal second quarter was up 16.2 % versus Q2 of last year and 8.5 % sequentially . Year - over - year , fiscal Q2 revenue improved as a result of new client additions , the expansion of existing relationships , increased travel volumes , and currency movements net of hedging . Sequentially , revenue improvement was driven by broad - based revenue growth across verticals and service offerings and increased travel volumes , which were partially offset by currency movements net of hedging . Profit in the fiscal second quarter was $ 32.1 million , as compared to $ 29.2 million in Q2 of last year and $ 26.8 million in the previous quarter . Year - over - year , profit increased as a result of revenue growth , favorable currency movements net of hedging , and a lower effective tax rate . These benefits more than offset the impact of wage increases , the reinstatement of our corporate leave policy , increased facility - related and business continuity costs , and higher share - based compensation expense . Sequentially , Q2 profit increased as a result of revenue growth , reduced share - based compensation expense , and favorable currency movements net of hedging . These benefits were partially offset by wage increases and non - recurring Q1 profit items including interest income associated with a tax refund and a tax benefit on liquid mutual funds . Adjusted net income ( ANI ) * in Q2 was $ 43.1 million , as compared to $ 37.9 million in Q2 of last year and $ 39.0 million in the previous quarter . Explanations for the ANI * movements on a year - over - year and sequential basis are the same as described for GAAP profit above with the exception of amortization of intangible expenses , share - based compensation costs and associated tax impacts , which are excluded from ANI * . From a balance sheet perspective , WNS ended Q2 with $ 332.2 million in cash and investments and $ 8.4 million of debt . In the second quarter , the company generated $ 47.3 million in cash from operations and incurred $ 7.1 million in capital expenditures . The company also made scheduled debt payments of $ 8.4 million . Second quarter days sales outstanding were 31 days , as compared to 34 days reported in Q2 of last year and 32 days in the previous quarter . " Our fiscal second quarter financial results continue to highlight our differentiated positioning in the BPM marketplace and solid execution . The company delivered year - over - year revenue growth of 16.2 % on a constant currency basis , posted adjusted operating margin of 21.8 % , and expanded adjusted diluted earnings per share by 17.8 % , " said Keshav Murugesh , WNS's Chief Executive Officer . " We believe the BPM opportunity is both accelerating and expanding , as clients increasingly look for strategic digital transformation partners to help improve their competitive positioning . " COVID - 19 The COVID - 19 pandemic is having a significant impact on the global economy , our clients ' businesses , and on WNS's operations , financials , and