Israeli business services provider Amdocs Ltd. (NYSE: DOX) today reported higher revenue and profit for its third fiscal quarter ended June 30, 2016. Revenue was $930.1 million, up 0.5% or $4.2 million from the preceding quarter and up 2.4% from the corresponding quarter of 2015. Revenue for the third fiscal quarter of 2016 includes a positive impact from foreign currency movements of about $5 million relative to the second quarter of fiscal 2016.
Amdocs non-GAAP net profit was $135.6 million ($0.90 per share) compared with $131.2 million ($0.84 per share) in the corresponding quarter of 2015.
Amdocs president and CEO Eli Gelman said, “We are pleased with our third fiscal quarter performance, which included ongoing signs of stabilization in North America, robust profitability and diluted earnings per share consistent with the high end of our expectations. Additionally, we maintained our high win rate across business lines and geographies in Q3. Demonstrating our strengthening relationship with the Singtel group, we signed a four-year services framework agreement with Globe Telecom, designed to accelerate innovation through strategic consulting and ongoing IT improvements. We also continued to strengthen our market position in Europe where Vodafone Germany selected Amdocs for digital transformation of its sales channels across mobile, fixed, cable TV and Internet lines of business."
Amdocs sees the rise in revenue and profit continuing with fourth quarter of fiscal 2016 revenue of $920-$960 million and non-GAAP earnings per share of $0.85-$0.91.
The Board has approved the company’s next quarterly cash dividend payment of $0.195 per share and set September 30, 2016 as the record date for determining the shareholders entitled to receive the dividend, which will be payable on October 21, 2016.
Published by Globes [online], Israel business news - www.globes-online.com - on July 27, 2016
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