Amdocs Limited Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2012; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2013; Declares Dividend for the First Quarter of Fiscal 2013, Payable on April 19, 2013
January 30, 2013 at 04:01 pm
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Amdocs Limited reported consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, the company's total revenue was $826.4 million compared with $807.0 million a year ago. Foreign currency movements positively affected revenue by approximately $1.5 million relative to the fourth quarter of fiscal 2012. Operating income was $112.7 million compared with $109.0 million a year ago. Income before income taxes was $112.5 million compared with $105.4 million a year ago. Net income was $99.0 million or $0.61 per diluted share compared with $92.7 million or $0.53 per diluted share a year ago. Non-GAAP operating income was $137.2 million compared with $132.8 million a year ago. Non-GAAP net income was $119.4 million or $0.73 per diluted share compared with $111.3 million or $0.64 per diluted share a year ago. Net cash provided by operating activities was $145.5 million compared with $149.95 million a year ago. Payments for purchase of equipment and leasehold improvements, net were $29.9 million compared with $28.3 million a year ago.
The company provided earnings guidance for the second quarter of fiscal 2013. For the quarter, the company expects that revenue will be approximately $820 million-$850 million. Diluted earnings per share on a non-GAAP basis are expected to be $0.69-$0.75, excluding amortization of purchased intangible assets and other acquisition-related costs and approximately $0.05-$0.06 per share of equity-based compensation expense, net of related tax effects. The company estimates GAAP diluted earnings per share to be $0.58-$0.66. The company anticipates free cash flow in the second fiscal quarter will be lower due to timing of annual bonus payments.
The company expects effective tax rate guidance range of 13% to 15% for the full year of 2013. The company expects total revenue growth for the year to be in the range of 2% to 5% on a constant currency and reported basis. For the full year, the company is reiterating 5% to 8% non-GAAP EPS growth.
The board approved the next quarterly cash dividend of $0.13 per share payment and set March 28, 2013 as the record date for determining the shareholders entitled to receive the dividend, which is payable on April 19, 2013.
Amdocs Limited is a provider of software and services to communications and media companies. The Companyâs offerings are based on a product and service mix, using technologies and methodologies such as fifth generation (5G) cloud, microservices, development and operations (DevOps), open source, bimodal operations, site reliability engineering (SRE) and automation through standard information technology (IT) tools, open application programming interfaces (APIs) and artificial intelligence (AI). The Company's services include end-to-end systems integration services, managed services, digital business operations, quality engineering services, cloud services, consulting services, and integration services. In addition, the Company also provides advertising and media offerings for media publishers, television (TV) networks, video streaming providers, advertising agencies and service providers. Its service assurance suite includes fault, performance, and service management capabilities.
Amdocs Limited Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2012; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2013; Declares Dividend for the First Quarter of Fiscal 2013, Payable on April 19, 2013