WNS (Holdings) Limited (NYSE:WNS) Q1 2023 Earnings Conference Call July 21, 2022 8:00 AM ET

Company Participants

Keshav Murugesh - CEO

David Mackey - EVP, Finance, Head of IR

Sanjay Puria - CFO

Gautam Barai - COO

Conference Call Participants

Bryan Bergin - Cowen

Mayank Tandon - Needham

Ashwin Shirvaikar - Citi

Maggie Nolan - William Blair

Vincent Colicchio - Barrington Research

Puneet Jain - JPMorgan

Moshe Katri - Wedbush

Operator

Good morning and welcome to the WNS Holdings Fiscal 2023 First Quarter Earnings Conference Call. At this time, all participants are in listen-only mode. After management’s prepared remarks, we will conduct a question-and-answer session and instructions for how to ask a question will follow at that time. As a reminder, this call is being recorded for replay purposes.

Now, I’d like to turn the call over to David Mackey, WNS’ Executive Vice President of Finance and Head of Investor Relations. David?

David Mackey

Thank you. And welcome to our fiscal 2023 first quarter earnings call. With me today on the call, I have WNS’s CEO, Keshav Murugesh, WNS’s CFO, Sanjay Puria, and our COO, Gautam Barai.

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 first quarter ended June 30, 2022. 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-GAAP financial measures, which we believe provide useful information for investors. Reconciliations of these non-GAAP financial measures to GAAP results can be found in the press release issued earlier today. Some of the non-GAAP 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, and goodwill impairment. Adjusted net income or ANI is defined as profit excluding amortization of intangible assets, share-based compensation, goodwill impairment, and all associated taxes. These terms will be used throughout the call.