Amdocs Posts Relatively Flat Quarterly Profits and Revenues
Published on: 31st Jan 2013
Note -- this news article is more than a year old.
By: Ian Mansfield
Amdocs reported that for its fiscal quarter ended December 31 2012 revenue was $826.4 million up 2.4% as compared to last year's first fiscal quarter. Net income for the first quarter of fiscal 2013 was $99 million compared to $92.7 million a year ago.
The twelve-month backlog, which includes anticipated revenue related to contracts, estimated revenue from managed services contracts, letters of intent, maintenance and estimated on-going support activities, was $2.8 billion at the end of the first quarter of fiscal 2013.
"We began fiscal 2013 with a record quarter for revenue that was partly driven by a return to year-on-year growth in our North American market. Specifically, we see renewed momentum at AT&T, which is focused on the implementation of its new strategy, including data monetization. In our emerging markets, we delivered 19% year-on-year growth in the first quarter and we are on-track to achieve our goal of double-digit growth in this region in fiscal 2013." said Eli Gelman, chief executive officer of Amdocs Management.
"In Europe, we experienced year-on-year declines owing to difficult macroeconomic conditions and the anticipated ramp down of some transformation projects with certain customers. However, we believe our competitive position in Europe remains strong, and we continue to see opportunities for new business across our portfolio of products and services,"
Gelman continued, "Within emerging markets, Latin America remains a critical growth region for Amdocs. Our strategy to focus on securing the large carriers of the region, including America Movil, Telefonica and TIM, is resulting in new customer wins and increased market penetration. We are delighted to announce that Claro Chile, a wholly owned entity of America Movil, has selected Amdocs to consolidate its business and operational support systems (BSS/OSS). Similarly, we recently announced that Amdocs was selected by Telefonica Argentina to implement a transformation program, marking our first project with the Telefonica group in Latin America."
Amdocs expects that revenue for the second quarter of fiscal 2013 will be approximately $820-$850 million.