Oppenheimer Reiterates Outperform on Amdocs (DOX) Following Strong 3Q Results
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Go back to Oppenheimer Reiterates Outperform on Amdocs (DOX) Following Strong 3Q Results
July 26, 2016 4:06 PM EDT
ST. LOUIS, July 26, 2016 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX) will be the integrator for telecommunications companies and cloud developers who want to use AT&Ts ECOMP platform to build their own software-centric network services. AT&T created and developed ECOMP and recently committed to releasing that code into open source. Amdocs will help companies deploy that open source software into their own networks. ECOMP is a vital tool for service providers struggling to meet todays network demands while preparing for an even greater load in the next few years from applications... More
July 26, 2016 4:01 PM EDT
Reiterates FY16 Non-GAAP Diluted EPS Growth Towards the Midpoint of the Previously Guided Range of 3.5%-7.5% YoY
Key highlights:
Third fiscal quarter revenue of $930 million, at the midpoint of the $910-$950 million guidance range. As we anticipated, foreign currency movements positively affected revenue by approximately $5 million relative to the second quarter of fiscal 2016.Diluted GAAP EPS of $0.70 for the third fiscal quarter, in line with the high-end of the $0.63-$0.71 guidance rangeThird fiscal quarter diluted non-GAAP EPS of $0.90, at the high-end of the $0.84-$0.90 guidance range (non-GAAP EPS excludes amortization...
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