Skyline Global Outsourcing Update

Volatile currency exchange rates and a potentially spiralling debt crisis in Europe are cause for worry, a senior executive with U.S.-listed business process outsourcing company WNS (Holdings) Ltd. (WNS) said Wednesday. It (foreign exchange volatility) will impact WNS's topline," Chief Executive Officer Keshav Murugesh told Dow Jones Newswires in an interview. "From a margin point of view, it may not be much of an impact because our costs are also in Euro and (British) pounds." But Murugesh is worried that Europe may follow the U.S., where companies delayed technology spending in 2009.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).