WNS (Holdings) Limited (NYSE:WNS) Q2 2024 Earnings Call Transcript October 19, 2023 8:00 AM ET

Company Participants

David Mackey - Executive Vice President, Finance, Head of Investor Relations

Keshav Murugesh - Chief Executive Officer

Sanjay Puria - Chief Financial Officer

Conference Call Participants

Bryan Bergin - TD Cowen

Mayank Tandon - Needham

Ashwin Shirvaikar - Citi

Maggie Nolan - William Blair

Nate Svensson - Deutsche Bank

Puneet Jain - JP Morgan

Moshe Katri - Wedbush

Surinder Thind - Jefferies

Vincent Colicchio - Barrington Research

Operator

Good morning, ladies and gentlemen. And welcome to the WNS Holdings Fiscal 2024 Second Quarter Earnings Conference Call. At this time, all participants are in a 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 would 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 2024 second quarter earnings call. With me today on the call, I have WNS' CEO, Keshav Murugesh, and WNS' 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 second quarter ended September 30, 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's website.

During today's 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, 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.