A survey by Infosys suggested companies adopting cloud technologies have the opportunity worth $400 bn in annual profits. The survey was conducted across six countries with 2,500 respondents. To achieve this profit boost, companies need to have at least 60% of their It systems and 80% of business functions on the cloud. At present, only 17% of companies have 60% of IT systems on the cloud, which is expected to rise to 41% by the end of 2021.
Net profit of WNS declined 6.7% to touch $27.5 mn, while revenue dipped 2% to hit $243.9 mn during the quarter ending on March 31. Last year, during the same period, it reported a net profit of $29.5 mn and revenue of $248.3 mn. For the full year, the BPM firm clocked revenue of $912.6 mn, down 1.7% from $928.3 mn in FY 2020. Net profit dipped nearly 12% to $102.6 mn. It added 33 new clients and expanded 71 existing relationships during the last FY.