Amdocs (DOX) Reports In-Line Q2 EPS

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Go back to Amdocs (DOX) Reports In-Line Q2 EPS

Amdocs Limited Reports Quarterly Revenue of $903M, in Line With Midpoint of Guidance on a Constant Currency Basis; Reiterates FY15 Non-GAAP Diluted EPS Growth Outlook of 4.5%-7.5% YoY

April 29, 2015 4:01 PM EDT

Key highlights:

Signed definitive agreement on April 29, 2015, to acquire a substantial majority of Comverse's business support systems (BSS) business unit assets for approximately $272 million in cash, subject to customary closing conditions. The Boards of Directors of Comverse and Amdocs have approved the transaction which, subject to the satisfaction of the conditions to closing, is expected to be completed before the end of September 2015 Second fiscal quarter revenue of $903 million, within the $900-$930 million guidance range. Excluding foreign currency movements, revenue was in line with the midpoint of our expectations. Foreign currency movements negatively affected revenue by approximately... More

Amdocs Limited Reports Quarterly Revenue of $903M, in Line With Midpoint of Guidance on a Constant Currency Basis; Reiterates FY15 Non-GAAP Diluted EPS Growth Outlook of 4.5%-7.5% YoY

April 29, 2015 4:01 PM EDT

Key highlights:

Signed definitive agreement on April 29, 2015, to acquire a substantial majority of Comverse's business support systems (BSS) business unit assets for approximately $272 million in cash, subject to customary closing conditions. The Boards of Directors of Comverse and Amdocs have approved the transaction which, subject to the satisfaction of the conditions to closing, is expected to be completed before the end of September 2015 Second fiscal quarter revenue of $903 million, within the $900-$930 million guidance range. Excluding foreign currency movements, revenue was in line with the midpoint of our expectations. Foreign currency movements negatively affected revenue by approximately... More