Oppenheimer Reiterates Outperform on Amdocs (DOX) Following Strong 3Q Results
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AT&T and Amdocs Collaborate to Deliver Open Software Solutions to Accelerate Network Function Virtualization
July 26, 2016 4:06 PM EDTST. LOUIS, July 26, 2016 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX) will be the integrator for telecommunications companies and cloud developers who want to use AT&Ts ECOMP platform to build their own software-centric network services. AT&T created and developed ECOMP and recently committed to releasing that code into open source. Amdocs will help companies deploy that open source software into their own networks. ECOMP is a vital tool for service providers struggling to meet todays network demands while preparing for an even greater load in the next few years from applications... More
Amdocs Limited Reports Record Quarterly Revenue of $930M, at the Midpoint of Guidance on a Constant Currency Basis
July 26, 2016 4:01 PM EDTReiterates FY16 Non-GAAP Diluted EPS Growth Towards the Midpoint of the Previously Guided Range of 3.5%-7.5% YoY
Key highlights:
Third fiscal quarter revenue of $930 million, at the midpoint of the $910-$950 million guidance range. As we anticipated, foreign currency movements positively affected revenue by approximately $5 million relative to the second quarter of fiscal 2016.Diluted GAAP EPS of $0.70 for the third fiscal quarter, in line with the high-end of the $0.63-$0.71 guidance rangeThird fiscal quarter diluted non-GAAP EPS of $0.90, at the high-end of the $0.84-$0.90 guidance range (non-GAAP EPS excludes amortization... More