WNS (NYSE:WNS)
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From Jun 2019 to Jun 2024
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
business process outsourcing (BPO) services, today announced they have
signed a six-year contract with SAS Airlines, the largest airline
company in Scandinavia. This new contact is a renewal of WNS’ existing
five-year agreement to provide passenger revenue accounting services for
SAS.
Under the terms of the new contract, WNS will transition SAS from an
in-house revenue accounting system to the Sirax AirFinance Platform. The
new financial management system, combined with WNS’ process expertise,
staff training capabilities and technical support, will enable SAS to
manage over 40 million tickets annually and is expected to enable SAS to
significantly reduce spending on revenue accounting. Once the
implementation is complete, WNS will deliver the full suite of services
critical to revenue accounting accuracy, including sales accounting,
inward and outward billing, coupon matching, refunds and fare audits.
“When we decided to move to the new Sirax platform, we had the option to
change providers but decided to continue our relationship with WNS. WNS
has both the industry knowledge and technical capabilities to ensure a
smooth transition without disrupting our current revenue accounting
operations. This allows us to deliver our weekly and monthly forecasts
on time, which is particularly important given the current industry
climate,” said Steen Wulff, Director of Passenger Revenue Accounting at
SAS Airlines. “Over the last five years, WNS has operated as an
extension of our business, demonstrating a strong commitment to our
success, and we look forward to expanding our partnership.”
“Whether delivering services through the current SAS system or Sirax
AirFinance, WNS has the expertise to work with a broad spectrum of
passenger revenue accounting platforms, customizing processes to meet
specific needs,” said Eric Selvadurai, Managing Director, WNS, Europe.
“We are pleased to continue our relationship with SAS Airlines,
automating and transforming their revenue accounting operations.”
About WNS
WNS is a leading global business process outsourcing company. Deep
industry and business process knowledge, a partnership approach,
comprehensive service offering and a proven track record enable WNS to
deliver business value to some of the leading companies in the world.
WNS is passionate about building a market-leading company valued by our
clients, employees, business partners, investors and communities. For
more information, visit www.wnsgs.com.
About SAS Group
The SAS Group, the Nordic region's largest listed airline and travel
group, offers air transportation and airline-related services. The Group
is listed on the Stockholm, Oslo and Copenhagen stock exchanges through
the parent company SAS AB. SAS Scandinavian Airlines, Spanair and Blue1
are members of [the world's largest global airline alliance - Star
Alliance™]. The Group also includes the airlines Widerøe and airBaltic
as well as the partly owned airline Estonian Air and the business area
SAS Aviation Services.
Safe Harbor Statement under the
provisions of the United States Private Securities Litigation Reform Act
of 1995
This news release contains forward-looking statements, as defined in the
safe harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements include services expected
to be delivered by WNS under the new contract and expected benefits to
SAS under the new contract. These statements involve a number of risks,
uncertainties and other factors that could cause actual results to
differ materially from those that may be projected by these forward
looking statements. These risks and uncertainties include but are not
limited to technological innovation; telecommunications or technology
disruptions; future regulatory actions and conditions in our operating
areas; our dependence on a limited number of clients in a limited number
of industries; our ability to attract and retain 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; negative public reaction in the US or the UK to offshore
outsourcing; regulatory, legislative and judicial developments;
increasing competition in the business process outsourcing industry;
political or economic instability in India, Sri Lanka and Jersey;
worldwide economic and business conditions, including a slowdown in the
U.S. and Indian economies and in the sectors in which our clients are
based and a slowdown in the BPO and IT sectors world-wide; our ability
to successfully consummate strategic acquisitions, as well as other
risks detailed in our reports filed with the U.S. Securities and
Exchange Commission. These filings are available at www.sec.gov.
We may, from time to time, make additional written and oral
forward-looking statements, including statements contained in our
filings with the Securities and Exchange Commission and our reports to
shareholders. You are cautioned not to place undue reliance on these
forward-looking statements, which reflect management’s current analysis
of future events. We undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.