Kipi.ai acquisition had partially offset headwinds
Mumbai-headquartered WNS (Holdings) Ltd and Capgemini are set to create an industry-changing force uniting cutting edge AI and technology with deep domain and process expertise to deliver ‘Intelligent Operations’ for clients.
WNS’ Chief Executive Officer Keshav Murugesh shared vision of the two companies, saying, “Along with our shared values, the two tech groups will drive long-term, sustainable value for all our stakeholders including clients, employees, investors, and local communities.”
“As we work toward closing the previously announced transaction with Capgemini, the WNS Board and management team are confident that this combination will better position us to address our rapidly evolving market, while unlocking new innovation and growth opportunities, he said when announcing the WNS latest first quarter report on 24 July https://www.bseindia.com/.
On 7 July, WNS announced that it had entered into a definitive agreement to be acquired by Capgemini.
In the fiscal first quarter, ended 30 June 2025, WNS reported revenue of US$$353.8 million, representing a 9.5% increase versus Q1 of last year and an increase of 5.2% from the previous quarter.
Year-over-year, revenue growth was driven by new client additions, the expansion of existing relationships, the acquisition of Kipi.ai, and favorable currency movements was partially offset by headwinds from the loss of a large Healthcare client and lower volumes in the online travel segment.
Sequentially, broad-based revenue growth, higher transaction volumes, our acquisition of Kipi.ai, and favorable currency movements were partially offset by the impact of annual client productivity commitments, he said https://www.nseindia.com/.
Profit in the fiscal first quarter was US$21.8 million, as compared to $28.9 million in Q1 of last year and $50.8 million in the previous quarter. Year-over-year, profit decreased as a result of increased expenses, relating to acquisition costs and amortization of intangibles from the Kipi.ai acquisition, transaction expenses related to the proposed acquisition of the company by Capgemini, and share-based compensation including statutory employment taxes and insurance http://meity.gov.in .
Additionally, year-over-year profit was adversely impacted by increased investments and hiring in advance of revenue ramps for large deals. These headwinds were partially offset by higher volumes and favorable currency movements.
Sequentially, Q1 profit reduced as a result of a US$12.2 million benefit from a facility asset sale in Q4’25, typical business seasonality driven by Q1 annual client productivity commitments and wage increases, and ongoing investments.
From a balance sheet perspective, WNS ended Q1 with $225.8 million in cash and investments and US$266.2 million in debt. It had a global headcount of 66,085 as of 30 June 2025. Fiinews.com