Israeli business systems company Amdocs Ltd. (NYSE: DOX) has reported its financial statement for the fourth US fiscal quarter ending September 30. Revenue was $926.8 million, up 2.1% from the preceding quarter and up 2.9% from the corresponding quarter. Revenue rose despite a negative impact from foreign currency movements of approximately $9 million relative to the third quarter of fiscal 2015.
Non-GAAP net profit was $130.4 million ($0.84 per share), up from $124.3 million ($0.78 per share), in the corresponding quarter of 2014. GAAP net profit for the fourth quarter of fiscal 2015 was $91.1 million ($0.59 per share) compared with GAAP net profit of $100.5 million ($0.63 per share), in the corresponding quarter of 2014.
Amdocs president and CEO Eli Gelman said, “Looking into fiscal 2016, we expect to deliver non-GAAP earnings per share growth of 3.5% to 7.5%. This outlook takes into consideration many macro and industry specific risks and unknowns, including uncertainties related to AT&T’s discretionary spending plans, although we cannot predict all possible outcomes. Additionally, we are pleased to announce that our Board has approved an increase in the quarterly cash dividend for the third consecutive year to a new rate of $0.195 per share. The decision reaffirms our commitment to enhance long-term shareholder value, and will represent an improvement of nearly 15% over the current dividend rate if approved by shareholders at the annual meeting in February 2016.”
Amdocs 12-month orders backlog of $3.08 billion at the end of the fourth fiscal quarter, was up $70 million from the end of the third quarter of fiscal 2015.
Published by Globes [online], Israel business news - www.globes-online.com - on November 11, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015