UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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WNS (Holdings) Limited ——————————————————————————————————— |
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| Jersey, Channel Islands ——————————————————————————————————— | ||||
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Gate 4, Godrej & Boyce Complex Pirojshanagar, Vikhroli (W) Mumbai 400 079, India +91-22-6797-6100 |
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Indymac Contract Reduced – WNS Expects No Impact on Fiscal 2009 Guidance WNS (Holdings) Limited (NYSE: WNS), a leading provider of global business process outsourcing (BPO) services, today disclosed that one of its clients, Indymac Bancorp, Inc. (IndyMac), publicly announced that it was closing its forward mortgage business and will refocus its lending efforts on supporting and building its reverse mortgage unit, and on continuing the retention activities associated with its servicing portfolio. Based on IndyMac’s announcement and WNS’ communication with IndyMac, WNS expects a major portion of its business with IndyMac to be terminated. IndyMac was expected to contribute to less than 1.5% of WNS’ fiscal 2009 revenue less repair payments. However, WNS does not anticipate the need to update its guidance for fiscal 2009, as provided on May 15, 2008, based on this event. Outsourcing services provided by WNS to IndyMac accounted for approximately 1.1% of revenue and 1.7% of revenue less repair payments in the quarter ended March 31, 2008. WNS also disclosed that it is working closely with IndyMac through this difficult period and expects to collect all current receivables.
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
| WNS (Holdings) Limited | ||
| Date: July 08, 2008 | By: |
/S/ Alok Misra |
| Name: | Alok Misra | |
| Title: | Chief Financial Officer | |