Amdocs today said its revenue grew 7.3 percent to $902.5 million for the third quarter of fiscal 2014.
The company’s net income decreased 8.19 percent to $109.8 million.
Meanwhile, two telecom operators in Canada selected Amdocs.
First, Bell Canada has selected Amdocs Convergent Charging, powered by Turbo Charging technology, as its next generation charging solution.
Second, Telus Canada will upgrade to the latest version of Amdocs charging and billing solution, allowing it to bill for IPTV and other new services, while resulting in beetter efficiency and improved customer experience.
Amdocs said the company noted healthy customer activity in North America, and sequentially stable revenue in Europe.
It delivered record revenue in the emerging markets.
Amdocs did not mention specifically on Indian telecom market, which has telecom operators such as Bharti Airtel, Vodafone, Idea Cellular, etc.
Recently, Telefonica selected Amdocs for new quad-play transformation projects in Peru and Chile.
Eli Gelman, chief executive officer of Amdocs Management, said: “We continue to see encouraging levels of customer engagement in the area of network software, and the post-merger integration of Actix and Celcite within Amdocs is progressing in line with our original expectations.”
Its new customers include Vodafone’s fixed line operations in the UK and Vodafone Group Enterprise M2M line of operations. With this, Amdocs managed services are supporting 7 Vodafone affiliates under this agreement.
“We are on-track to deliver full year revenue growth towards the mid-point of our previously guided range of 5 percent to 8 percent. This outlook naturally reflects many moving parts, including with respect to consolidation activity amongst North American wireless and Pay TV operators,” Gelman said.
Amdocs expects that revenue for the fourth quarter of fiscal 2014 will be approximately $890-$920 million.
Challenges
Emerging telecom markets are a growing opportunity for Amdocs.
Amdocs CEO said the company continues to see many opportunities to support its customers. “But we expect that the growth rate we have recently enjoyed are not necessarily sustainable, considering factors such as the timing of new projects award, and normal fluctuations in account activity.”
“Additionally, our short-term outlook remains subject to lingering uncertainties, resulting from the announced consolidation activities among North American wireless and Pay TV operators,” Gelman added.
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