Amdocs Limited (DOX) Releases Earnings Results, Beats Expectations By $0.05 EPS

Amdocs Limited (DOX) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.92 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.87. The company posted revenue of $926.00 million in the period, compared to analysts expectations of $925.24 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

Amdocs Limited opened for trading at $56.75 and hit $57.39 on the upside on Monday, eventually ending the session at $57.01, with a gain of 0.83% or 0.47 points. The heightened volatility saw the trading volume jump to 6,27,391 shares. Company has a market cap of $8,572 M.

Amdocs Limited (Amdocs) is a provider of software and services for communications media and entertainment industry. The Company designs develops markets supports implements and operates customer experience systems for wireless wireline cable and satellite service providers across the world. Amdocs also offers a range of advertising and media solutions for local marketing service providers and search and directory publishers. Its customers are in North America Europe Latin America and the Asia-Pacific region. The Company’s software portfolio of customer experience enabling products spans the Revenue Management Customer Management Operational Support Systems (OSS) Network Control Network Optimization Mobile Financial Services and Digital Lifestyle Services. It offers a suite of services to advise transform support and optimize business and technology processes. In addition the Company offers learning services to develop competency in Amdocs systems and applications.

Amdocs Limited

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