WNS, a provider of business process outsourcing services, has reported a net income of $227,000 for the second quarter of fiscal 2009, compared to a net loss of $10.45 million for the same quarter of 2008.
For the second quarter of fiscal 2009, revenues increased 29.6% to $149.8 million, compared to revenues of $115.6 million for the same quarter of fiscal 2008.
For the first six months of fiscal 2009, revenues were $272.7million, compared to revenue of $228.1 million for the same period of fiscal 2008. Net income for the first six month of fiscal 2009 was $3.57 million, compared to a net loss of $2.01 million for the same period of fiscal 2008.
Neeraj Bhargava, group CEO of WNS, said: This was a strong quarter for us as we successfully transitioned new client relationships and completed the first phase of the AGS integration. We also achieved the milestone of exceeding $100 million in revenues less repair payments for the first time, while improving our profitability. Our strong performance in this difficult business environment clearly positions us as a leader in the BPO industry.