Quarterly Profit, Revenues Up at Amdocs

By Craig Galbraith Comments
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Software and services provider Amdocs reported a 1.2 percent increase in revenues – compared to the year-ago quarter – in its latest earnings statement, released Tuesday. Amdocs' quarterly revenue was $822.1 million, which was also up from the previous quarter by 1.6 percent.

Profit was $115.7 million, up from $111.2 million in the company's fiscal fourth quarter (July 1-Sept. 30, 2011) last year. Those numbers exclude amortization of purchased intangible assets and other acquisition-related costs and equity-based compensation expenses of $17.7 million.

"We concluded fiscal 2012 with another strong quarter, reflecting ongoing stabilization at AT&T, double-digit growth in our emerging markets and consistent operating margin execution," said Eli Gelman, chief executive officer of Amdocs Management Limited. "Underscoring our commitment to returning excess cash, we repurchased an additional $106 million of our ordinary shares in the fourth fiscal quarter, and, as of Sept. 30, 2012, we had acquired a total of 25 percent of our shares that were outstanding in April 2010. Overall, as a result of good new sales execution, a stable operating margin and our repurchase activity, we grew non-GAAP diluted earnings per share by 16 percent in fiscal 2012."

Gelman added that pending mergers and acquisitions among North American operators will drive long-term opportunities for the company; however, that proposed M&A also adds some uncertainty to Amdocs' 2013 outlook.

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