New York, July 20 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their BUY rating on the shares of WNS (Holdings) Ltd (NYSE: WNS). The 12-month target price is set to $14.
In a research note published on July 19, the analysts mention that another solid quarter has been reported by WNS (Holdings) Ltd wherein adjusted EPS of $0.22 laid ahead of the $0.20 estimate and moreover this, beating the estimate of $100.0 million ie, 0.2 percent Q/Q, 2.2 percent Y/Y, revenues less repair payments of $102.6 million ie, +2.8 percent Q/Q, +4.9 percent Y/Y, have been reported by the company.
In addition to this, seeing no lengthening of decision cycle, BPO environment has been noticed to remain comparatively stable and strong while raising guidance of the FY13. Revenues are expected by the company, which is just poised to win at least two additional contracts in 2Q, to start ramping in late 2Q/early 3Q and most importantly, one of the two large deals that were mentioned in the last quarter have been signed. EPS of FY13E and FY14E has been raised by $0.02 to $1.02 and $1.09, respectively, due to raised guidance, the analysts add further.
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