Competitive advantage assessment
The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.
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The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
WNS (Holdings) Limited ranks #78 of 78 scored companies in Information Technology Services by moat score — the top 100%. The widest moat in the group is Mastercard Incorporated (MA) at 84/100.
| # | Company | Moat score | Rating |
|---|---|---|---|
| 70 | Veea Inc. VEEA | 20/100 | Weak |
| 71 | Jianzhi Education Technology Gr JZ | 19/100 | Weak |
| 72 | SAIHEAT Limited SAIH | 17/100 | Weak |
| 73 | Trident Digital Tech Holdings L TDTH | 14/100 | Weak |
| 74 | Aurora Innovation, Inc. AUR | 12/100 | Weak |
| 75 | Aurora Innovation, Inc. AUROW | 12/100 | Weak |
| 76 | BIT Mining Limited BTCM | 0/100 | Weak |
| 77 | Fiserv, Inc. FI | 0/100 | Weak |
| 78 | WNS (Holdings) Limited WNS | 0/100 | Weak |
In software, pricing power is visible in gross margin: a vendor that has to discount in order to renew gives it up first.
Recurring revenue is the model's central claim, and it is a moat only when customers renew and expand without being re-sold each year.
Software is competed away rather than depreciated, so a vendor that stops investing loses its category.
The test of a software business is whether growth eventually stops consuming cash.
A software platform employs very little capital, so a genuine franchise should produce high returns on it without leverage.
Software companies fund years of customer acquisition before those customers pay back, which makes access to capital a strategic variable rather than a treasury detail.
How each Software & SaaS Specialized defense is measured, in full →
WNS (Holdings) Limited (WNS) scores 0 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #78 of 78 scored companies in Information Technology Services, the top 100%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 77 companies in Information Technology Services.
WNS (Holdings) Limited ranks #78 of 78 scored companies in Information Technology Services by moat score. The widest moat in Information Technology Services is Mastercard Incorporated (MA) at 84/100. The companies ranked closest are Fiserv, Inc. (FI) at 0 just above it.
Each company is scored with an industry-specific template — Software & SaaS Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 77 companies in Information Technology Services. The defenses are then weighted to produce the overall score out of 100.
Software costs almost nothing to reproduce, so the entire economic question is whether customers keep paying. Revenue is a subscription rather than a sale, the cost of winning a customer is paid years before that customer becomes profitable, and margins arrive only if renewals hold. The Software & SaaS template scores retention, reinvestment, and the point at which growth turns into cash.
The Software & SaaS Specialized template measures 6 defenses, and WNS scores: Pricing Power (not measurable), Recurring Revenue Stickiness (not measurable), Innovation Engine (not measurable), Cash Scalability (not measurable), Capital Efficiency (not measurable), Balance Sheet Resilience (not measurable). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.