Tuesday, April 25, 2006

Amdocs Reports 23% Growth in Revenue

Amdocs reported quarterly revenue of $601.1 million, an increase of 23.1% from the same period last year. Excluding acquisition-related costs and equity-based compensation expense, net of related tax effects, of $13.7 million, net income was $95.5 million, or $0.44 per diluted share.

Amdocs said demand for its products and services continues to be driven by service providers' need to address competition, consolidation and convergence. Amdocs' new business included eleven new key wins. In addition to Sprint Nextel, these wins include a large project with a subsidiary of a current wireline customer as it adopts an integrated customer management strategy. In the directory area, Amdocs had several wins with projects involving sales force automation, digital advertising, and business process outsourcing. Amdocs was selected by Vimpelcom and its affiliates in the Commonwealth of Independent States.


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