Computeruser.com
Latest News

Amdocs Limited Reports Quarterly Revenue of $775 Million, Up 6.9% YoY

ST. LOUIS Jan. 25, 2011

Key highlights:

  • $775 million $760-$780 million $6 million
  • $120 million $88 million
  • $0.52 $0.49-$0.58
  • $0.38 $0.34-$0.45
  • $127 million
  • $2.56 billion $35 million
  • $775-$790 million $0.53-$0.60 $0.03-$0.04 $0.43-$0.51
  • Expected revenue growth of 4-6% in fiscal 2011 as compared to fiscal 2010
  • $113 million

December 31, 2010 $775.2 million $99.8 million $0.52 $113.1 million $0.55 $26.4 million $24.8 million $73.4 million $0.38 $88.4 million $0.43

Eli Gelman

Gelman continued, "Specific to the discussion of near-term profitability, we have important updates on the progress we made against several initiatives and issues that we shared last quarter, including:

  • November 3, 2010
  • Second, we successfully re-scoped our contract with Clearwire to address the changes in the customer’s strategic direction.  Amdocs and Clearwire continue to maintain a strong, long-term managed services relationship.  
  • Third, we have begun to realize early benefits in our employee productivity as a result of the focused investments we made in our knowledge base during the first quarter.  Given the importance of employee knowledge to our long-term success, we expect to continue making these investments throughout the remainder of 2011.    
  • Lastly, we made important progress with key customer implementations during the first quarter, including in the cable industry; however, we are still engaged in some of the industry’s most complex projects which may require continued investment in the near-term."

Gelman concluded, "After my first quarter as CEO, I am even more excited about the opportunities in front of Amdocs.  Furthermore, I have greater confidence that we have both identified and are appropriately addressing our near-term challenges while focusing the company on the growth potential ahead of us.  Looking forward, we now expect revenue to grow in the range of 4-6% in fiscal 2011 as compared to fiscal 2010.   In addition, we expect profitability to improve during the fiscal year as we begin to realize the benefits of our internal and customer-focused investments."

Financial Discussion of First Fiscal Quarter Results

$127 million $162 million $35 million

$2.56 billion

Financial Outlook

$775-$790 million $0.53-$0.60 $0.03-$0.04 $0.43-$0.51

Conference Call Details

January 25, 2011 5:00 p.m. Eastern Time www.amdocs.com

Non-GAAP Financial Measures

This release includes non-GAAP diluted earnings per share and other non-GAAP financial measures, including free cash flow, non-GAAP cost of service, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes and non-GAAP net income. These non-GAAP measures exclude the following items:

  • amortization of purchased intangible assets and other acquisition related costs;
  • equity-based compensation expense; and
  • tax effects related to the above.

These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Amdocs believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Amdocs’ results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Amdocs’ results of operations in conjunction with the corresponding GAAP measures.

Amdocs believes that the presentation of non-GAAP diluted earnings per share and other financial measures, including free cash flow, non-GAAP cost of service, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes and non-GAAP net income, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations, as well as the net amount of cash generated by its business operations after taking into account capital spending required to maintain or expand the business.

For its internal budgeting process and in monitoring the results of the business, Amdocs’ management uses financial statements that do not include amortization of purchased intangible assets and other acquisition related costs, equity-based compensation expense and related tax effects. Amdocs’ management also uses the foregoing non-GAAP financial measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Amdocs. In addition, Amdocs believes that significant groups of investors exclude these non-cash expenses in reviewing its results and those of its competitors, because the amounts of the expenses between companies can vary greatly depending on the assumptions used by an individual company in determining the amounts of the expenses.

Amdocs further believes that, where the adjustments used in calculating non-GAAP diluted earnings per share are based on specific, identified amounts that impact different line items in the Consolidated Statements of Income (including cost of service, research and development, selling, general and administrative, operating income, income taxes and net income), it is useful to investors to understand how these specific line items in the Consolidated Statements of Income are affected by these adjustments.

Please refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below.

About Amdocs

$3.0 billion www.amdocs.com

September 30, 2010 December 7, 2010

AMDOCS LIMITED

Consolidated Statements of Income

(in thousands, except per share data)

Three months ended

December 31,

2010

2009

Revenue:

   License

$  29,906

$  24,150

   Service

745,275

700,661

775,181

724,811

Operating expenses:

   Cost of license

700

442

   Cost of service

508,138

462,215

   Research and development

54,992

50,106

   Selling, general and administrative

104,357

91,580

   Amortization of purchased intangible assets and other

19,410

21,319

687,597

625,662

Operating income

87,584

99,149

Interest and other expense, net

3,117

715

Income before income taxes

84,467

98,434

Income taxes

11,076

10,081

Net income

$  73,391

$  88,353

Basic earnings per share

$      0.38

$      0.43

Diluted earnings per share

$      0.38

$      0.43

Basic weighted average number of shares outstanding

191,599

205,430

Diluted weighted average number of shares outstanding

192,969

206,656

AMDOCS LIMITED

Selected Financial Metrics

(in thousands, except per share data)

Three months ended

December 31,

2010

2009

Revenue

$  775,181

$  724,811

Non-GAAP operating income

120,268

131,321

Non-GAAP net income

99,769

113,127

Non-GAAP diluted earnings per share

$        0.52

$        0.55

Diluted weighted average number of shares outstanding

192,969

206,656

AMDOCS LIMITED

Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP

(in thousands)

Three months ended

December 31, 2010

Reconciliation items

GAAP

Amortization of

purchased

intangible assets

and other

Equity based

compensation

expense

Tax effect

Non-GAAP

Operating expenses:

   Cost of license

$        700

$          –

$           –

$           –

$         700

   Cost of service

508,138

(4,484)

503,654

   Research and development

54,992

(849)

54,143

   Selling, general and administrative

104,357

(7,941)

96,416

   Amortization of purchased intangible assets and other

19,410

(19,410)

Total operating expenses

687,597

(19,410)

(13,274)

654,913

Operating income

87,584

19,410

13,274

120,268

Income taxes

11,076

6,306

17,382

Net income

$  73,391

$  19,410

$  13,274

$  (6,306)

$   99,769

Three months ended

December 31, 2009

Reconciliation items

GAAP

Amortization of

purchased

intangible assets

and other

Equity based

compensation

expense

Tax effect

Non-GAAP

Operating expenses:

   Cost of license

$        442

$            –

$           –

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test