Amdocs shows flat growth in June quarter

Staff writer
13 Aug 2015

Amdocs said its revenue in its third fiscal quarter ended June 30, was $907.9 million, up 0.6% year-over-year as well as quarter-over-quarter.

Third fiscal quarter revenue includes a positive impact from foreign currency movements of approximately $1 million relative to the second quarter of fiscal 2015, Amdocs explained.

Net income on a non-GAAP basis was$131.2 million ($0.84 per diluted share), barely changed from the third quarter of fiscal 2014.

The company's GAAP net income for the third quarter of fiscal 2015 was $107.8 million ($0.69 per diluted share), down 2% from the prior fiscal year's third quarter.

Also, Amdocs has expanded and extended its managed services agreement with Mtel through 2021. The new agreement will simplify operations and achieve synergies across lines of business to reduce costs, and improve business and operational performance levels.

An affiliate in the Telekom Austria Group, Mtel is a mobile service provider in Bulgaria and also offers fixed, broadband Internet and IPTV services.

As part of the expanded agreement, Amdocs will assume responsibility for all remaining Mtel legacy and third-party business support systems (BSS) still not managed by Amdocs.

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