Amdocs announced its second fiscal quarter revenue of $789 million, as compared to the $775-$790 million guidance range, and up 6 percent as compared to last year’s fiscal Q2. Foreign currency movements positively impacted revenue by approximately $5 million relative to the first fiscal quarter of 2011. The second fiscal quarter non-GAAP operating income was pegged at $128 million, and non-GAAP operating margin at 16.2 percent. The GAAP operating income is estimated at $107 million.
Our performance in the second fiscal quarter of 2011 benefitted from solid demand trends consistent with those discussed in depth at our Analyst Day on February 23. Managed services contributed strong revenue in the second fiscal quarter fueled primarily by our North American clients. Deal momentum in the emerging markets remained healthy, and the demand environment in Europe showed signs of improvement throughout the first half of fiscal 2011 relative to a year ago. In terms of profitability, we continued to make progress on our current investment initiatives which resulted in a sequential improvement in our non-GAAP operating margin within our projected range”, said Eli Gelman, CEO of Amdocs Management.
Amdocs expects fiscal 2011 revenue growth toward the upper-end of 4-6 percent guidance range. Q3 fiscal 2011 guidance points to expected revenue of approximately $790-$805 million and diluted non-GAAP EPS of $0.57-$0.63.
By TelecomLead.com Team