Offshore business process outsourcing (BPO) services provider WNS has announced results for the fiscal year ended March 31, 2008 and released its guidance for 2009.

Revenue for 2008 was $459.9 million, a year-on-year increase of 30.5%. However, net income for the year was $9.5 million, a decrease of 64.3% from 2007. The decrease was primarily due to a one-time impairment charge of $15.5 million in respect of goodwill and intangible assets and also costs related to the redeployment of resources associated with the bankruptcy of First Magnus Financial Corporation, said the company.

“WNS has ended fiscal 2008 on a strong note with our profitability back on track and our sales engine gaining momentum,” claimed Neeraj Bhargava, group CEO. “In spite of challenges in the mortgage area, we have accomplished 32% growth in our revenue less repair payments, expanded our global footprint, diversified our client base, delivered significant value to our clients and strengthened our industry-focused BPO businesses.

WNS also provided guidance for the fiscal year ending March 31, 2009: Revenue less repair payments is expected to be between $373 million and $378 million. Net income (excluding share-based compensation and related fringe benefit taxes, amortization and impairment of goodwill and intangible assets) is expected to be between $44.0 million and $46.0 million.