WNS (Holdings) Limited (NYSE:WNS) Q4 2023 Earnings Call Transcript April 27, 2023 8:00 AM ET
Company Participants
David Mackey - Executive Vice President of Finance and Head of Investor Relations
Keshav Murugesh - Group Chief Executive Officer
Sanjay Puria - Chief Financial Officer
Conference Call Participants
Mayank Tandon - Needham & Company
Maggie Nolan - William Blair
Puneet Jain - JPMorgan
Jared Levine - Cowen
Vincent Colicchio - Barrington Research
Operator
Good morning and welcome to the WNS Holdings Fiscal 2023 Fourth Quarter and Full Year Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this call is being recorded for replay purposes.
And now I'd like to turn the call over to David Mackey, WNS's Executive Vice President of Finance and Head of Investor Relations. David?
David Mackey
Thank you and welcome to our fiscal 2023 fourth quarter and full year earnings call. With me today on the call, I have WNS's CEO, Keshav Murugesh; and WNS's CFO, Sanjay Puria. A press release detailing our financial results was issued earlier today. This release is also available on the Investor Relations section of our website at www.wns.com.
Today's remarks will focus on the results for the fiscal fourth quarter and full year ended March 31, 2023. Some of the matters that will be discussed on today’s call are forward-looking. Please keep in mind that these forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include but are not limited to, those factors set forth in the company’s Form 20-F. This document is also available on the company website.
During this call, management will reference certain non-I financial measures which we believe provide useful information for investors. Reconciliations of these non-I financial measures to I results can be found in the press release issued earlier today. Some of the non-I financial measures management will discuss are defined as follows: Net revenue is defined as revenue less repair payments. Adjusted operating margin is defined as operating margin, excluding amortization of intangible assets, share-based compensation acquisition-related expenses or benefits and goodwill impairment. Adjusted net income, or ANI, is defined as profit, excluding amortization of intangible assets, share-based compensation, acquisition-related expenses or benefits, goodwill impairment and all associated taxes. These terms will be used throughout the call.