Tuesday, October 31, 2006

Amdocs Reports Quarterly Revenue of $665 Million, up 16%

Amdocs reported quarterly revenue of $665.4 million, an increase of 16.1% from last year. Net income on a non-GAAP basis was $109.5 million, or $0.50 per diluted share (excluding acquisition-related costs. The company cited ten new wins, including Bell Canada.

"The strong market that we saw in 2006 was a result of the transformation that service providers are undergoing," said Dov Baharav, chief executive officer of Amdocs Management Limited. "We see strong demand as our customers cope with competition, consolidation and convergence; our customers continue to introduce IP-based services to capture new revenue streams. Amdocs expanded its offering this year with the acquisitions of Qpass in the content area and Cramer in OSS.