Crucial June Results Key to 2012 Success
Our main takeaway this week was our upgrade of WNS to BUY due to a desirable entry point. We think the catalysts are in place (large contract ramp, salesforce increases, & healthy demand) to drive revenue growth back to industry levels which should result in multiple expansion.
In the News. Genpact announced a deal with Dr. Reddy’s Laboratories (RDY; NR) to provide F&A services. WNS announced its first delivery center in North America with the opening of its center in Columbia, South Carolina. Wipro is interested in over $1 bn in acquisitions over the next 18 months.
Joseph D. Foresi
About the Author: Ben Trowbridge is an accomplished Outsourcing Advisor with extensive experience in outsourcing and managed services. As a former EY Partner and CEO of Alsbridge, he built successful practices in Transformational Outsourcing, BPO, IT Outsourcing, and Cybersecurity Managed Services. Throughout his career, Ben has advised a broad range of clients on outsourcing and global business services strategy and transactions. As the current CEO of the Outsourcing Center, he provides valuable insights and guidance to buyers and managed services executives. Contact him at [email protected].