Amdocs Ltd. (NYSE:DOX) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Amdocs Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.57% to $0.83 in the quarter versus EPS of $0.70 in the year-earlier quarter.
Revenue: Rose 4.02% to $841.33 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Amdocs Ltd. reported adjusted EPS income of $0.83 per share. By that measure, the company beat the mean analyst estimate of $0.73. It missed the average revenue estimate of $841.77 million.
Quoting Management: “We are pleased with our solid performance in the third fiscal quarter. Despite currency headwinds, we delivered revenue growth of 4% year-over-year, driven by continued strength in North America. AT&T was an important contributor to our performance, and we are also seeing growth at other key customers in North America. In the emerging markets, we remain focused on bringing many highly complex transformation projects into production, and we continue to see a substantial pipeline of opportunity with new and existing customers. Finally, in Europe, while overall economic conditions in the region remain challenging, we delivered another quarter of relatively consistent revenue on a sequential basis” said Eli Gelman, chief executive officer of Amdocs Management Limited.
Key Stats (on next page)…