Amdocs posts 6% revenue growth in FY2014

Staff writer
12 Nov 2014

Amdocs reported a 6.5% growth in revenues, which reached $3.6 billion for the fiscal year ended September 30, 2014.

The company's GAAP net income in fiscal 2014 was $422.1 million, or $2.62 per diluted share, compared to GAAP net income of $412.4 million, or $2.53 per diluted share, in fiscal 2013.

“We are also demonstrating momentum in the network software domain, bringing to market new offerings such as those recently announced to help service provider’s transition to network functions virtualization,” said Eli Gelman, CEO of Amdocs Management.

“Additionally, we are showing progress with new projects. During the fourth quarter, a leading carrier in developed Southeast Asia deployed the Amdocs Self-Optimizing Networks solution, including our Customer Experience Analytics, to improve its 4G coverage,” said Gelman.

The CEO said further that looking into fiscal 2015, Amdocs expects to deliver non-GAAP earnings per share growth of 4.5% to 7.5%. This outlook reflects an expectation for revenue growth of 2.5% to 5.5% and takes into consideration macro and industry specific risks and unknowns.

As for the first quarter of fiscal 2015, the December quarter, Amdocs expects revenue to be in the range of $895 million to $925 million.

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