WNS shares drop 17% as a major client serves termination notice, impacting 4.1-7.3% of revenue in recent years.

WNS shares dropped 17% after a top client served the company a termination notice, citing the customer accounted for 4.1%, 6.5%, and 7.3% of WNS's revenue in fiscal 2024, 2023, and 2022, respectively. The termination will be effective July 1, 2024, and not impact the company's revenue in fiscal 2024. WNS is currently discussing support for the transition of services with the client to assess the related financial and accounting impact.

February 02, 2024
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