Latest news with #Capgemini
Zawya
4 hours ago
- Business
- Zawya
Egypt: Capgemini fosters AI-powered business by acquiring WNS in $3.3bln deal
Arab Finance: Global business and technology transformation partner Capgemini has entered into a definitive agreement to acquire WNS, a leading digital business process services (BPS) provider, according to a press release. Valued at $3.3 billion ($76.50 per share), the acquisition anchors Capgemini's position as a global leader in Agentic AI-powered Intelligent Operations. Under the partnership, the two entities will combine WNS's sector-specific platforms and automation expertise with Capgemini's consulting-led AI and cloud capabilities. The integration gathers Capgemini's consulting-led digital transformation expertise and WNS's industry-leading Digital BPS capabilities, offering unmatched scale and innovation potential. Meanwhile, the deal is expected to be accretive to Capgemini's normalized earnings per share (EPS) by 4% in 2026 and 7% in 2027 post-synergies. This milestone bolsters Capgemini's leadership in AI-driven business transformation, empowering enterprises with intelligent automation and next-generation process innovation. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Business Wire
4 hours ago
- Business
- Business Wire
WNS Announces Fiscal 2026 First Quarter Earnings
NEW YORK & LONDON & MUMBAI, India--(BUSINESS WIRE)--WNS (Holdings) Limited (WNS) (NYSE: WNS), a digital-led business transformation and services company, today announced results for the fiscal 2026 first quarter ended June 30, 2025. Reconciliations of the non-GAAP financial measures discussed below to our GAAP operating results are included at the end of this release. See also 'About Non-GAAP Financial Measures.' Revenue in the first quarter was $353.8 million, representing a 9.5% increase versus Q1 of last year and an increase of 5.2% from the previous quarter. Revenue less repair payments* in the first quarter was $339.9 million, increasing 8.8% year-over-year and 5.2% sequentially. Excluding exchange rate impacts, constant currency revenue less repair payments* in the fiscal first quarter was up 7.1% versus Q1 of last year and up 2.9% sequentially. Year-over-year, revenue growth driven by new client additions, the expansion of existing relationships, our acquisition of and favorable currency movements was partially offset by headwinds from the loss of a large Healthcare client and lower volumes in the online travel segment. Sequentially, broad-based revenue growth, higher transaction volumes, our acquisition of and favorable currency movements were partially offset by the impact of annual client productivity commitments. Profit in the fiscal first quarter was $21.8 million, as compared to $28.9 million in Q1 of last year and $50.8 million in the previous quarter. Year-over-year, profit decreased as a result of increased expenses which are excluded from ANI*, relating to acquisition costs and amortization of intangibles from our acquisition of transaction expenses related to the proposed acquisition of the company by Capgemini, and share-based compensation including statutory employment taxes and insurance. Additionally, year-over-year profit was adversely impacted by increased investments and hiring in advance of revenue ramps for large deals. These headwinds were partially offset by higher volumes and favorable currency movements. Sequentially, Q1 profit reduced as a result of a $12.2 million benefit from a facility asset sale in Q4'25, typical business seasonality driven by Q1 annual client productivity commitments and wage increases, and ongoing investments. Q1 quarter-over-quarter profit was also adversely impacted by increases in expenses which are excluded from ANI* including acquisition costs and amortization of intangibles related to the acquisition of share-based compensation including statutory employment taxes and insurance, and transaction expenses related to the proposed acquisition of the company by Capgemini. These headwinds were partially offset by higher volumes and favorable currency movements. Adjusted net income (ANI)* in Q1 was $46.0 million, as compared to $44.0 million in Q1 of last year and $66.2 million in the previous quarter. Explanations for the ANI* movements on a year-over-year and sequential basis are the same as described for GAAP profit above excluding changes in those items included in the ANI* definition presented in the 'About Non-GAAP Financial Measures' section of our financial schedules below. From a balance sheet perspective, WNS ended Q1 with $225.8 million in cash and investments and $266.2 million in debt. In the quarter, the company generated $29.5 million in cash from operations, incurred $14.8 million in capital expenditures, and repaid $21.1 million in debt. WNS also repurchased 1,300,000 ordinary shares at an average price of $57.98, impacting Q1 cash by $75.4 million. First quarter days sales outstanding were 36 days, as compared to 36 days reported in Q1 of last year and 34 days in the previous quarter. 'In the fiscal first quarter, WNS delivered solid growth in constant currency revenue less repair payments* of 7.1% year-over-year and 2.9% sequentially. Our acquisition of contributed 2.0% and 1.5%, respectively, and revenue momentum for this differentiated capability remains robust. In Q1, WNS also delivered adjusted net income* and adjusted EPS* ahead of company expectations and completed our authorized share buyback program by repurchasing 1.3 million ordinary shares,' said Keshav Murugesh, WNS' Chief Executive Officer. 'As we work toward closing the previously announced transaction with Capgemini, the WNS Board and management team are confident that this combination will better position us to address our rapidly evolving market, while unlocking new innovation and growth opportunities. Together, we are creating an industry-changing force uniting cutting edge AI and technology with deep domain and process expertise to deliver 'Intelligent Operations' for clients. This shared vision of our two companies, along with our shared values, will drive long-term, sustainable value for all our stakeholders including clients, employees, investors, and local communities.' Pending Acquisition by Capgemini On July 7, 2025, WNS (Holdings) Ltd. announced that it had entered into a definitive agreement to be acquired by Capgemini. As noted in the company's July 11, 2025 press release, WNS will not hold a fiscal Q1 2026 conference call or provide an update to guidance for the fiscal year 2026 in light of the transaction. For further details and discussion of the company's financial performance, please refer to WNS' upcoming quarterly report on Form 10-Q for the quarter ended June 30, 2025, which will be filed with the SEC on or before August 8, 2025. The company also disclosed that the contract of CEO Keshav Murugesh has been extended through the earlier of August 5, 2026 or the closure of the Capgemini acquisition. * See 'About Non-GAAP Financial Measures' and the reconciliations of the historical non-GAAP financial measures to our GAAP operating results at the end of this release. About WNS WNS (Holdings) Limited (NYSE: WNS) is a digital-led business transformation and services company. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 700 clients across various industries. WNS delivers an entire spectrum of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of June 30, 2025, WNS had 66,085 professionals across 65 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States. For more information, visit Safe Harbor Statement This release contains forward-looking statements, as defined in the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations and assumptions about our Company and our industry. Generally, these forward-looking statements may be identified by the use of terminology such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend,' 'will,' 'seek,' 'should' and similar expressions. These statements include, among other things, expressed or implied forward-looking statements relating to discussions of our strategic initiatives and the expected resulting benefits, our growth opportunities, industry environment, our expectations concerning our future financial performance and growth potential, including estimated capital expenditures, and expected foreign currency exchange rates. Forward-looking statements inherently involve 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 our pending acquisition by Capgemini S.E., including our expectations relating to timing and completion of the transaction, worldwide economic and business conditions, our dependence on a limited number of clients in a limited number of industries; currency fluctuations; political or economic instability in the jurisdictions where we have operations; regulatory, legislative and judicial developments; increasing competition in the BPM industry; technological innovation; our liability arising from fraud or unauthorized disclosure of sensitive or confidential client and customer data; telecommunications or technology disruptions; our ability to attract and retain clients; negative public reaction in the US or the UK to offshore outsourcing; our ability to collect our receivables from, or bill our unbilled services to our clients; our ability to expand our business or effectively manage growth; our ability to hire and retain enough sufficiently trained employees to support our operations; the effects of our different pricing strategies or those of our competitors; our ability to successfully consummate, integrate and achieve accretive benefits from our strategic acquisitions, and to successfully grow our revenue and expand our service offerings and market share; future regulatory actions and conditions in our operating areas; our ability to manage the impact of climate change on our business; and volatility of our share price. These and other factors are more fully discussed in our most recent annual report on Form 10-K and subsequent reports on Form 6-K and Form 8-K filed with or furnished to the US Securities and Exchange Commission (SEC) which are available at We caution you not to place undue reliance on any forward-looking statements. Except as required by law, we do not undertake to update any forward-looking statements to reflect future events or circumstances. References to '$' and 'USD' refer to the United States dollars, the legal currency of the United States; references to 'GBP' refer to the British pound, the legal currency of Britain; and references to 'INR' refer to Indian Rupees, the legal currency of India. References to GAAP or US GAAP refer to United States generally accepted accounting principles. References to IFRS refer to International Financial Reporting Standards, as issued by the International Accounting Standards Board. WNS (HOLDINGS) LIMITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited, amounts in millions, except share and per share data) As at Jun 30, 2025 ASSETS Current assets: Cash and cash equivalents $ 100.9 $ 106.9 Investments 121.3 156.9 Accounts receivable, net 140.7 129.7 Unbilled revenue 119.3 108.1 Funds held for clients 9.5 7.1 Derivative assets 9.5 12.7 Contract assets 15.0 15.1 Prepaid expense and other current assets 31.7 28.3 Total current assets 548.1 564.8 Goodwill 417.5 409.6 Other intangible assets, net 117.8 122.6 Property and equipment, net 86.2 80.8 Operating lease right-of-use assets 207.7 186.8 Derivative assets 2.6 3.2 Deferred tax assets 56.0 48.7 Investments 3.6 3.6 Contract assets 59.0 58.8 Other assets 70.3 68.5 TOTAL ASSETS $ 1,568.8 $ 1,547.5 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 25.8 $ 29.2 Provisions and accrued expenses 41.1 33.4 Derivative liabilities 12.4 5.8 Pension and other employee obligations 87.3 108.2 Short-term borrowings 55.0 15.0 Current portion of long-term debt 70.1 68.7 Contract liabilities 18.3 15.8 Income taxes payable 13.9 4.6 Operating lease liabilities 28.9 28.1 Other liabilities 20.8 12.1 Total current liabilities 373.5 321.0 Derivative liabilities 3.8 1.1 Pension and other employee obligations, less current portion 26.7 24.8 Long-term debt, less current portion 141.2 159.8 Contract liabilities 19.1 18.8 Operating lease liabilities, less current portion 188.6 166.3 Other liabilities 0.1 0.1 Deferred tax liabilities 18.0 18.0 TOTAL LIABILITIES $ 771.1 $ 709.8 Shareholders' equity: Share capital (ordinary shares $0.16 (£0.10) par value, authorized 60,000,000 shares; issued: 42,893,906 shares and 46,396,722 shares; each as at June 30, 2025 and March 31, 2025, respectively) 7.0 7.4 Additional paid-in capital 5.0 37.5 Retained earnings 1,049.4 1,208.0 Other reserves 2.6 2.7 Accumulated other comprehensive loss (266.1 ) (268.1 ) Total shareholders' equity including shares held in treasury $ 797.8 $ 987.4 Less: Nil shares as at June 30, 2025 and 2,800,000 shares as at March 31, 2025, held in treasury, at cost — (149.7 ) Total shareholders' equity $ 797.8 $ 837.7 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,568.8 $ 1,547.5 Expand About Non-GAAP Financial Measures The financial information in this release includes certain non-GAAP financial measures that we believe more accurately reflect our core operating performance. Reconciliations of these non-GAAP financial measures to our GAAP operating results are included below. A more detailed discussion of our GAAP results is contained in 'Part II – Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations' in our annual report on Form 10-K filed with the SEC on May 13, 2025. Revenue less repair payments is a non-GAAP financial measure that is calculated as (a) revenue less (b) in our BFSI segment, payments to repair centers for 'fault' repair cases where WNS acts as the principal in its dealings with the third party repair centers and its clients. WNS believes that revenue less repair payments for 'fault' repairs reflects more accurately the value addition of the business process management services that it directly provides to its clients. For more details, please see the discussion in 'Part II – Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations' in our annual report on Form 10-K filed with the SEC on May 13, 2025. Constant currency revenue less repair payments is a non-GAAP financial measure. We present constant currency revenue less repair payments so that revenue less repair payments may be viewed without the impact of foreign currency exchange rate fluctuations, thereby facilitating period-to-period comparisons of business performance. Constant currency revenue less repair payments is presented by recalculating prior period's revenue less repair payments denominated in currencies other than in US dollars using the foreign exchange rate used for the latest period, without taking into account the impact of hedging gains/losses. Our non-US dollar denominated revenues include, but are not limited to, revenues denominated in pound sterling, South African rand, Australian dollar and Euro. WNS also presents or discusses (1) adjusted operating margin, which refers to adjusted operating profit (calculated as operating profit / (loss) excluding goodwill & intangible impairment, share-based compensation expense and certain related statutory employment tax and insurance contributions, acquisition-related expenses or benefits, costs related to the exchange of ADSs to ordinary shares, costs related to change to US GAAP reporting and voluntarily filing on US domestic issuer forms with SEC, transaction expenses related to the proposed acquisition of the company by Capgemini S.E. and amortization of intangible assets) as a percentage of revenue less repair payments, (2) ANI, which is calculated as profit excluding goodwill & intangible impairment, share-based compensation expense and certain related statutory employment tax and insurance contributions, acquisition-related expenses or benefits, costs related to the termination of ADS program and listing of ordinary shares, costs related to the transition to voluntarily reporting on US domestic issuer forms, transaction expenses related to the proposed acquisition of the company by Capgemini S.E. and amortization of intangible assets and including the tax effect thereon, (3) Adjusted net income margin, which refers to ANI as a percentage of revenue less repair payments, and other non-GAAP financial measures included in this release as supplemental measures of its performance. Acquisition-related expenses or benefits consists of transaction costs, integration expenses, employment-linked earn-out as part of deferred consideration and changes in the fair value of contingent consideration including the impact of present value thereon. WNS presents these non-GAAP financial measures because it believes they assist investors in comparing its performance across reporting periods on a consistent basis by excluding items that are non-recurring in nature and those it believes are not indicative of its core operating performance. In addition, it uses these non-GAAP financial measures (i) to evaluate the effectiveness of its business strategies and (ii) (with certain adjustments) as a factor in evaluating management's performance when determining incentive compensation. WNS is excluding acquisition-related expenses as described above with effect from fiscal 2023 second quarter. These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for WNS' financial results prepared in accordance with US-GAAP. Reconciliation of operating income (GAAP to non-GAAP) Three months ended Jun 30, 2025 Jun 30, 2024 Mar 31, 2025 (Amounts in millions) Operating income (GAAP) $ 33.1 $ 38.6 $ 50.3 Add: Share-based compensation expense 11.7 11.2 9.4 Add: Statutory employment tax and insurance contributions 1.3 — — Add: Acquisition-related expenses 4.1 0.6 2.0 Add: Costs related to the termination of ADS program and listing of ordinary shares — 0.1 — Add: Costs related to the transition to voluntarily reporting on US domestic issuer forms — 0.3 — Add: Transaction expenses related to the proposed acquisition of the company by Capgemini S.E. 2.2 — — Add: Amortization of intangible assets 8.7 6.9 7.5 Adjusted operating income (non-GAAP) $ 61.1 $ 57.6 $ 69.3 Operating income as a percentage of revenue (GAAP) 9.4 % 11.9 % 15.0 % Adjusted operating income as a percentage of revenue less repair payments (non-GAAP) 18.0 % 18.4 % 21.4 % Expand Reconciliation of net income (GAAP) to ANI (non-GAAP) Three months ended Jun 30, 2025 Jun 30, 2024 Mar 31, 2025 (Amounts in millions, except per share data) Net income (GAAP) $ 21.8 $ 28.9 $ 50.8 Add: Share-based compensation expense 11.7 11.2 9.4 Add: Statutory employment tax and insurance contributions 1.3 — — Add: Acquisition-related expenses / (benefits), net 4.1 0.8 1.8 Add: Costs related to the termination of ADS program and listing of ordinary shares — 0.1 — Add: Costs related to the transition to voluntarily reporting on US domestic issuer forms — 0.3 — Add: Transaction expenses related to the proposed acquisition of the company by Capgemini S.E. 2.2 — — Add: Amortization of intangible assets 8.7 6.9 7.5 Less: Tax impact on above (1) (3.8 ) (4.1 ) (3.4 ) Adjusted Net Income (non-GAAP) $ 46.0 $ 44.0 $ 66.2 Net income as a percentage of revenue (GAAP) 6.1 % 9.0 % 15.1 % Adjusted net income as a percentage of revenue less repair payments (non-GAAP) 13.5 % 14.1 % 20.5 % Adjusted diluted earnings per share (non-GAAP) $ 1.02 $ 0.93 $ 1.45 (1) The company applies GAAP methodologies in computing the tax impact on its non-GAAP ANI adjustments (including amortization of intangible assets, acquisition-related expenses and share-based compensation expense). The company's non-GAAP tax expense is generally higher than its GAAP tax expense if the income subject to taxes is higher considering the effect of the items excluded from GAAP profit to arrive at non-GAAP profit. Expand
Zawya
2 days ago
- Business
- Zawya
Capgemini to acquire WNS in $3.3bln deal
Cairo – Capgemini, a global business and technology transformation partner, announced it has entered into a definitive agreement to acquire WNS, a leading digital business process services (BPS) provider, in an all-cash transaction valued at $3.3 billion ($76.50 per share). This strategic acquisition strengthens Capgemini's position as a global leader in Agentic AI-powered Intelligent Operations by combining WNS's sector-specific platforms and automation expertise with Capgemini's consulting-led AI and cloud capabilities. The combination brings together Capgemini's consulting-led digital transformation expertise and WNS's industry-leading Digital BPS capabilities, creating unmatched scale and innovation potential. The deal is expected to be accretive to Capgemini's normalized EPS by 4% in 2026 and 7% in 2027 post-synergies. This milestone further solidifies Capgemini's leadership in AI-driven business transformation, empowering enterprises with intelligent automation and next-generation process innovation. About Capgemini Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin Traders Are Discussing BTC's Record High, but Quantum Computing Is Threatening the Math Behind It
A new report by Capgemini warns that quantum computing may break the widely used public-key cryptographic systems within the next decade — threatening everything from online banking to blockchain security. The report did not single out bitcoin (BTC), but focused on encryption systems such as RSA and ECC — the same cryptographic primitives that underpin crypto wallets, transaction signatures, and key security in most blockchains. Bitcoin relies on elliptic curve cryptography (ECC) to secure wallet addresses and validate ownership. But ECC, like RSA, is vulnerable to Shor's algorithm — a quantum computing method capable of cracking the discrete logarithm problem, the core math behind bitcoin's private keys. Capgemini's findings were based on a survey of 1,000 large organizations across 13 countries. Of those, 70% are either preparing for or actively implementing post-quantum cryptography (PQC) — a new class of algorithms designed to resist quantum attacks. Yet only 15% of respondents were considered 'quantum-safe champions,' and just 2% of cybersecurity budgets globally are allocated toward this transition. 'Every encrypted asset today could become tomorrow's breach,' the report warned, referring to so-called 'harvest now, decrypt later' attacks. These involve stockpiling encrypted data now in hopes that quantum computers can break it later — a real risk for any blockchain with exposed public keys. In bitcoin's case, that includes over 25% of all coins, which have revealed their public keys and would be immediately vulnerable if Q-Day — the hypothetical moment quantum machines can break modern encryption — arrives. Earlier this week, a draft proposal by Bitcoin developer Jameson Lopp and other researchers outlined a phased plan to freeze coins secured by legacy cryptography, including those in early pay-to-pubkey addresses like Satoshi Nakamoto's wallets. The idea is to push users toward quantum-resistant formats before attackers can sweep dormant funds unnoticed. 'This proposal is radically different from any in Bitcoin's history just as the threat posed by quantum computing is radically different from any other threat in Bitcoin's history,' the authors wrote, as CoinDesk reported. While the timeline for Q-Day remains uncertain, Capgemini's report notes that breakthroughs in quantum error correction, hardware design, and algorithm efficiency have accelerated over the past five years. In some scenarios, researchers believe a cryptographically relevant quantum computer (CRQC) could emerge before 2030. Meanwhile, governments are acting. The U.S. NSA plans to deprecate RSA and ECC by 2035, and NIST has finalized several PQC algorithms like Kyber and Dilithium for public use, Capgemini said. Cloudflare, Apple, and AWS have begun integrating them, but as of Friday no major blockchain network (i.e. with tokens in the top ten by market capitalization) has made such moves. As such, bitcoin's quantum debate remains theoretical and all steps being taken are preemptive. But as institutions, regulators, and tech giants prepare for a cryptographic reset, the math behind crypto's security may not hold forever.
Time of India
5 days ago
- Business
- Time of India
Dai-ichi Life's first-ever GCC outside Japan set up in Hyderabad
The company plans to expand the workforce to 500-600 in the coming years. The focus will be on technology development and enhancing customer experience. Capgemini will initially manage the centre before transferring control to Dai-ichi Life. HYDERABAD: Japanese life insurance major Dai-ichi Life Group has opened its first global capability centre (GCC) outside Japan in Hyderabad. The GCC, which is now operational with around 50-60 techies, will be ramped up to 500-600 over the next two to three years, its global chief digital and information officer Stephen Barnham told TOI here. "We are optimistic about scaling up quickly, given the talent availability in Hyderabad," he said. Barnham said the centre will focus primarily on technology development, especially in enhancing customer experiences through digital solutions. He said setting up of the GCC was significant because of the unique challenges and opportunities it presents in bridging cultural and language differences between Japan and India. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Set up in collaboration with Capgemini on a build-operate-transfer (BOT) model on its Hyderabad campus, the GCC will be initially managed by the French IT services giant before transitioning control to Dai-ichi Life, Capgemini CEO Ashwin Yardi said.
