WNS Global Services Revenues up 60% to USD 165 Million.MUMBAI, India -- WNS WNS Washington (DC) Numismatic Society WNS WADP Numbering System (World Association for the Development of Philately) WNS Wireless Network Security WNS Weismann-Netter Syndrome WNS Western Snow Conference Global Services, India's No.1 business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) firm (NASSCOM-ITES rankings 2004), has today announced USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 165 million as revenues for the financial year 2004-05, based on US GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. . This is a 60% percent growth in revenues from last year. The company, established in 1996, is one of the pioneers in offshore business process outsourcing and currently serves clients in the travel, insurance, healthcare, and knowledge services sectors. The revenue growth is the result of an aggressive expansion strategy as well as focus on re-alignment of key business lines as industry practices. WNS today has 7500 skilled associates at its offshore delivery centres in Mumbai, Pune, Nashik, Gurgaon (India), Ipswich (UK) and Colombo (Sri Lanka Sri Lanka (srē läng`kə) [Sinhalese,=resplendent land], formerly Ceylon, ancient Taprobane, officially Democratic Socialist Republic of Sri Lanka, island republic (2005 est. pop. ) as well as has business development and program management offices at New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Fort Lauderale (US) and London (UK). Commenting on the performance, Neeraj Bhargava, Group CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , WNS Global Services said, "We see a healthy industry and a strong WNS in 2005-06. Our industry focussed broad-based BPO service model works and is distinctive. The market and our customers are increasingly recognising our industry expertise and our leadership on managing transformations covering a diverse range of business processes. With a strong pipeline of clients WNS is well placed to grow at 40% in the 2005-06 financial year." Business Highlights FY 2004- 05 --New clients: WNS has further consolidated its leadership position and has over 90 clients. --Expansion: WNS opened new delivery centres in Gurgaon (India) and Colombo (Sri Lanka). Plans to open the 6th delivery centre in the next 12 months. --Skilled Associates: During the course of the year, WNS grew its associate strength by over 90% to 7500 employees today. --Organisational Restructuring of the business: WNS has firmly established its key business lines - Travel, Insurance, HealthClaims & Knowledge Services. --Strategic Group on new initiatives: A dedicated group will lead our expansion into two new areas: 1) Mortgage and Real Estate and 2) Manufacturing, Distribution & Retail. --Additional investment in Pune & Nashik operations: WNS announced addition of 1000 new seats and an additional investment of $5 million to its existing Pune operations. The new capacity will allow WNS to grow its staff by 60% to over 5000 associates in Pune. WNS also expanded the Nashik delivery operations to 500 seats. --Industry Rankings: --The National Association of Software Services Companies (NASSCOM NASSCOM National Association of Software and Service Companies (India) ) has ranked WNS as the No. 1 BPO Company in India in June 2004. --Managing Offshore & NeoIT survey across 13 countries, ranked WNS as the "Best Performing BPO provider" and the "Leader in Human Capital Development". About WNS Global Services - www.wnsgs.com WNS Global Services manages and operates business processes for leading global organizations. We custom-design, implement and operate over 200 processes, many of them end-to-end, working as an extension of the client's enterprise. We have a proven track record of building profits for our clients using our expertise in industries such as travel, insurance and health care. Our strong and experienced leadership team is complemented by over 7,500 professionals working on a world-class 4,000 workstation infrastructure. We are passionate about building a market-leading company highly valued by our customers, associates, business partners, investors and communities. |
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