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.