Monday, November 7, 2011

Amdocs Posts Revenue of $812 Million, North American Outlook Strong, Europe Uncertain

Amdocs posted quarterly revenue of $812.2 million, up 1.3% sequentially from the third fiscal quarter of 2011 and up 6.6% as compared to the same period last year. Net income on a non-GAAP basis was $111.2 million, or $0.62 per diluted share, compared to non-GAAP net income of $122.4 million, or $0.62 per diluted share, last year.

“We concluded fiscal 2011 with strong execution, on-going deal momentum in the emerging markets and continued progress in revitalizing our European business. In North America, we continued to see solid demand in 2011 and further extended our market leadership with key competitive wins. Additionally, our profitability improved throughout the year as the investment decisions we made at the beginning of 2011 yielded results,�? said Eli Gelman, chief executive officer of Amdocs Management Limited.

Gelman continued, “Looking ahead to fiscal 2012, we are embarking on many new, industry-leading projects at several of the world's largest operators. Our focused strategy of empowering service providers to support compelling customer experiences while concurrently improving their ability to monetize new data services is resonating in the market. The acquisition of Bridgewater Systems, which closed in the fourth fiscal quarter, further solidifies our position as a leader in driving the data experience. We are, however, approaching the new fiscal year with some level of caution as the macroeconomic outlook remains uncertain, particularly in Europe.�?