Amdocs Limited Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2013; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2014
January 29, 2014 at 04:01 pm
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Amdocs Limited reported consolidated earnings results for the first quarter ended December 31, 2013. For the quarter, the company has posted revenue of $864,045,000 against $826,359,000 a year ago. Operating income was $120,690,000 against $112,657,000 a year ago. Income before income tax was $119,286,000 against $112,549,000 a year ago. Net income was $101,435,000 or $0.63 diluted per share against $99,015,000 or $0.61 diluted per share a year ago. Non-GAAP operating income was $145,323,000 against $137,215,000 a year ago. Non-GAAP net income was $122,564,000 or $0.76 diluted per share against $119,424,000 or $0.73 diluted per share a year ago. Net cash provided by operating activities was $186,538,000 against $145,463,000 a year ago. Payments for purchase of equipment and leasehold improvements, net were $26,743,000 against $29,903,000 a year ago.
The company expects that revenue for the second quarter of fiscal 2014 will be approximately $880 million - $910 million. Diluted earnings per share on a non-GAAP basis for the second fiscal quarter are expected to be $0.75-$0.81, 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 for the second fiscal quarter will be $0.61-$0.69.
The company currently expect to deliver full year total revenue growth of 5% to 8% in fiscal 2014. This is slightly ahead of previous outlook as factor in the timing of M&A deal closings and the performance of recently acquired assets. Taking all these factors into consideration, the company continue to expect non-GAAP earnings per share growth of 6-9% in fiscal 2014.
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, 2013; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2014