WNS Holdings: Updated forecast reflects top line growth of 6%-12%

WNS continues to expect profitability to expand faster than revenue, with ANI guidance reflecting 12% to 20% year-over-year improvement. Guidance excludes the potential impact from a change in taxability of our Fixed Maturity Plan investments proposed in last week’s India budget. If passed by both houses of Parliament in its current form, the budget proposal would result in WNS incurring incremental taxes of approximately $3M in FY15.