Raises Fiscal 2017 Revenue Growth Outlook to
2.5-6.5% YoY in Constant Currency
Reiterates Fiscal 2017 Non-GAAP Diluted EPS Growth Outlook of 4.5%-8.5%
YoY
Key highlights:
- First fiscal quarter revenue of $955 million, at the midpoint of the $935-$975 million guidance range despite foreign
currency movements that negatively affected revenue by approximately $7 million relative to the fourth quarter of fiscal 2016.
Revenue was above the midpoint of Amdocs’ guidance, excluding foreign currency movements
- Diluted GAAP EPS of $0.66 for the first fiscal quarter, towards the high-end of the $0.59-$0.67 guidance range
- First fiscal quarter diluted non-GAAP EPS of $0.90, at the mid-point of the $0.87-$0.93 guidance range (non-GAAP EPS excludes
amortization of purchased intangible assets and other acquisition-related costs, and equity-based compensation expense, net of
related tax effects)
- First fiscal quarter GAAP operating income of $122 million; non-GAAP operating income of $164 million; non-GAAP operating
margin of 17.2%
- Free cash flow of $127 million for the first fiscal quarter
- Repurchased $80 million of ordinary shares during the first fiscal quarter
- Twelve-month backlog of $3.18 billion at the end of the first fiscal quarter, up $10 million from the end of the fourth
quarter of fiscal 2016 despite the negative affect of foreign currency movements
- The board of directors approved a quarterly cash dividend at the new increased rate of $0.22 per share, as approved at the
January 2017 annual general meeting of shareholders, to be paid on April 14, 2017
- Second quarter fiscal 2017 guidance: Expected revenue of approximately $940-$980 million. Expected diluted GAAP EPS of
approximately $0.66-$0.74. Expected diluted non-GAAP EPS of approximately $0.90-$0.96 (which excludes amortization of purchased
intangible assets and other acquisition-related costs and approximately $0.06-$0.07 per share of equity-based compensation
expense, net of related tax effects)
- Full year fiscal 2017 guidance: expected revenue growth of 2.5-6.5% year-over-year on a constant currency basis, raised from
the previous expectation of 2.0-6.0%, and 1.5-5.5% year-over-year as reported, including an anticipated negative impact from
foreign currency movements of approximately 1.0% year-over-year. Expected GAAP diluted earnings per share growth of roughly
2.5-8.5% year-over-year and non-GAAP diluted earnings per share growth of roughly 4.5-8.5% year-over-year, including the impact
of share repurchase activity anticipated over the course of the fiscal year
ST. LOUIS, Feb. 01, 2017 (GLOBE NEWSWIRE) -- Amdocs Limited (NASDAQ:DOX) today reported that for its first fiscal quarter ended
December 31, 2016, revenue was $954.7 million, up 1.5% or $14.1 million sequentially from the fourth fiscal quarter of 2016 and up
3.6% as compared to last year’s first fiscal quarter. Revenue for the first fiscal quarter of 2017 includes a negative impact from
foreign currency movements of approximately $7 million relative to the fourth quarter of fiscal 2016. The Company's GAAP net income
for the first quarter of fiscal 2017 was $97.8 million, or $0.66 per diluted share, compared to GAAP net income of $100.8 million,
or $0.66 per diluted share, in the prior fiscal year’s first quarter. Net income on a non-GAAP basis was $133.6 million, or $0.90
per diluted share, compared to non-GAAP net income of $132.0 million, or $0.86 per diluted share, in the first quarter of fiscal
2016. Non-GAAP net income excludes amortization of purchased intangible assets and other acquisition-related costs and equity-based
compensation expenses of $35.8 million, net of related tax effects, in the first quarter of fiscal 2017, and excludes such
amortization and other acquisition-related costs and equity-based compensation expenses of $31.2 million, net of related tax
effects, in the first quarter of fiscal 2016.
“We are pleased with our first quarter results which reflect record revenue above the midpoint of our guidance on a constant
currency basis and further signs of stabilization in North America. Our win rate remained high and included our selection for
significant transformation projects with Vodafone Italy and a leading communications service provider in Southeast Asia.
Additionally, we renewed important managed services arrangements with existing customers, strengthening the base on which to
further expand our future scope of business activities. These include five-year services extension agreements with BT, the largest
communications service provider in the UK, and Rostelecom, Russia's national service provider,” said Eli Gelman, president and
chief executive officer of Amdocs Management Limited.
Gelman continued, “Over the last several months, we have made significant progress in the field of Network Functions
Virtualization (NFV). We became the first information technology company to partner with the Linux Foundation to accelerate the
global adoption of AT&T’s ECOMP platform by making it available in open source to service providers and cloud developers in
2017. Additionally, Orange Polska and Amdocs jointly announced the industry’s first trial to test and assess open source ECOMP in a
live cloud environment, initially for virtual services in Poland, and then globally across the Orange footprint. We believe our
selection as technology integrator for this landmark project reflects the unique industry expertise we bring as a result of our
co-development of ECOMP with AT&T, and we are excited to validate the capabilities and potential benefits of an ECOMP
deployment within the Orange network.”
Gelman concluded, “We are encouraged by our solid start to fiscal 2017, the visibility provided by our unique business model and
record twelve-month backlog. We remain focused on delivering consistent execution and maximizing free cash flow, the majority of
which we still plan to return to shareholders in fiscal 2017 while retaining capacity for M&A as opportunities arise. Taking
everything into consideration, we are on-track to deliver diluted non-GAAP earnings per share growth of 4.5-8.5% for the full
fiscal year although we will of course continue to monitor macro and industry specific risks closely, including those which may
result from consolidation activity in North America.”
Financial Discussion of First Fiscal Quarter Results
Free cash flow was $127 million for the first quarter of fiscal 2017, comprised of cash flow from operations of $168 million, less
$41 million in net capital expenditures and other.
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 $3.18 billion at the end of the first
quarter of fiscal 2017, up $10 million from the end of the prior quarter.
Financial Outlook
Amdocs expects that revenue for the second quarter of fiscal 2017 will be approximately $940-$980 million. Embedded within this
guidance is an immaterial sequential impact from foreign currency fluctuations as compared to the first quarter of fiscal 2017.
This outlook takes into consideration the company’s expectations regarding macro and industry specific risks and various
uncertainties and certain assumptions that we will discuss on our earnings conference call. However, Amdocs notes that it cannot
predict all possible outcomes, including those resulting from AT&T’s proposed merger with Time Warner or from other current and
potential customer consolidation activity in North America.
Amdocs estimates GAAP diluted earnings per share for the second fiscal quarter of 2017 will be $0.66-$0.74. Diluted earnings per
share on a non-GAAP basis for the second quarter of fiscal 2017 is expected to be $0.90-$0.96, excluding amortization of purchased
intangible assets and other acquisition-related costs and approximately $0.06-$0.07 per share of equity-based compensation expense,
net of related tax effects.
Quarterly Cash Dividend Program
On February 1, 2017, the Board approved the Company’s next quarterly cash dividend payment at the new rate of $0.22 per share and
set March 31, 2017 as the record date for determining the shareholders entitled to receive the dividend, which will be payable on
April 14, 2017.
Conference Call Details
Amdocs will host a conference call on February 1, 2017 at 5:00 p.m. Eastern Time to discuss the Company's first quarter of fiscal
2017 results. To participate, please dial +1 (844) 513-7152, or +1 (508) 637-5600 outside the United States, approximately 15
minutes before the call and enter passcode 43552017. The call will also be carried live on the Internet via the Amdocs website,
www.amdocs.com.
Non-GAAP Financial Measures
This release includes non-GAAP diluted earnings per share and other non-GAAP financial measures, including free cash flow, non-GAAP
cost of revenue, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income,
non-GAAP operating margin, non-GAAP income taxes, non-GAAP net income and non-GAAP diluted earnings per share growth. These
non-GAAP measures exclude the following items:
- amortization of purchased intangible assets and other acquisition-related costs;
- equity-based compensation expense; and
- tax effects related to the above.
These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles
and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are
not based on any comprehensive set of accounting rules or principles. Amdocs believes that non-GAAP financial measures have
limitations in that they do not reflect all of the amounts associated with Amdocs’ results of operations as determined in
accordance with GAAP and that these measures should only be used to evaluate Amdocs’ results of operations in conjunction with the
corresponding GAAP measures.
Amdocs believes that the presentation of non-GAAP diluted earnings per share and other financial measures, including free cash
flow, non-GAAP cost of revenue, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating
income, non-GAAP operating margin, non-GAAP income taxes, non-GAAP net income and non-GAAP diluted earnings per share growth when
shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding
financial and business trends relating to its financial condition and results of operations, as well as the net amount of cash
generated by its business operations after taking into account capital spending required to maintain or expand the business.
For its internal budgeting process and in monitoring the results of the business, Amdocs’ management uses financial statements
that do not include amortization of purchased intangible assets and other acquisition-related costs, equity-based compensation
expense and related tax effects. Amdocs’ management also uses the foregoing non-GAAP financial measures, in addition to the
corresponding GAAP measures, in reviewing the financial results of Amdocs. In addition, Amdocs believes that significant groups of
investors exclude these items in reviewing its results and those of its competitors, because the amounts of the items between
companies can vary greatly depending on the assumptions used by an individual company in determining the amounts of the items.
Amdocs further believes that, where the adjustments used in calculating non-GAAP diluted earnings per share are based on
specific, identified amounts that impact different line items in the Consolidated Statements of Income (including cost of revenue,
research and development, selling, general and administrative, operating income, income taxes and net income), it is useful to
investors to understand how these specific line items in the Consolidated Statements of Income are affected by these adjustments.
Please refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below.
About Amdocs
Amdocs is the market leader in customer experience software solutions and services for the world’s largest communications,
entertainment and media service providers. For more than 30 years, Amdocs solutions, which include BSS, OSS, network control,
optimization and network functions virtualization, coupled with professional and managed services, have accelerated business value
for its customers by simplifying business complexity, reducing costs and delivering a world-class customer experience.
The Amdocs portfolio enables service providers to capture the world of digital immediacy by operating across digital dimensions
to engage customers with personalized, omni-channel experiences; creating a diversified business to capture new revenue streams;
becoming data empowered to make business and operational decisions based on insight-based and predictive analytics; and achieving
service agility to accelerate the fast rollout of new technologies and hybrid network services.
Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had
revenue of $3.7 billion in fiscal 2016.
Amdocs: Embrace Challenge, Experience Success.
For more information, visit Amdocs at www.amdocs.com.
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision
of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future
quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions,
we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements
involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not
limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business markets that it serves, Amdocs’
ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may
render the company's products and services obsolete, potential loss of a major customer, our ability to develop long-term
relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to
update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do
so. These and other risks are discussed at greater length in Amdocs’ filings with the Securities and Exchange Commission, including
in our Annual Report on Form 20-F for the fiscal year ended September 30, 2016 filed on December 12, 2016.
|
|
AMDOCS LIMITED |
|
|
|
Consolidated Statements of
Income |
|
(in thousands, except per share
data) |
|
|
|
|
|
Three months ended |
|
|
|
December
31, |
|
|
|
2016 |
|
2015 |
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
954,727 |
|
$ |
921,505 |
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
Cost of revenue |
|
|
620,834 |
|
|
595,568 |
|
Research and development |
|
|
59,990 |
|
|
62,487 |
|
Selling, general and administrative |
|
|
124,079 |
|
|
119,548 |
|
Amortization of purchased intangible assets and other |
|
|
28,231 |
|
|
24,367 |
|
|
|
|
833,134 |
|
|
801,970 |
|
Operating income |
|
|
121,593 |
|
|
119,535 |
|
|
|
|
|
|
|
Interest and other expense, net |
|
|
2,763 |
|
|
1,665 |
|
Income before income taxes |
|
|
118,830 |
|
|
117,870 |
|
|
|
|
|
|
|
Income taxes |
|
|
21,037 |
|
|
17,028 |
|
Net income |
|
$ |
97,793 |
|
$ |
100,842 |
|
Basic earnings per share |
|
$ |
0.67 |
|
$ |
0.67 |
|
Diluted earnings per share |
|
$ |
0.66 |
|
$ |
0.66 |
|
Basic weighted average number of shares outstanding |
|
|
146,817 |
|
|
150,631 |
|
Diluted weighted average number of shares outstanding |
|
|
148,382 |
|
|
153,053 |
|
Cash dividends declared per share |
|
$ |
0.195 |
|
$ |
0.170 |
|
|
|
|
|
|
|
|
|
AMDOCS LIMITED |
|
|
|
Selected Financial Metrics |
|
(in thousands, except per share
data) |
|
|
|
|
|
Three months ended |
|
|
|
December
31, |
|
|
|
2016 |
|
2015 |
|
|
|
|
|
|
|
Revenue |
|
$ |
954,727 |
|
$ |
921,505 |
|
|
|
|
|
|
|
Non-GAAP operating income |
|
|
164,085 |
|
|
156,872 |
|
|
|
|
|
|
|
Non-GAAP net income |
|
|
133,567 |
|
|
132,020 |
|
|
|
|
|
|
|
Non-GAAP diluted earnings per share |
|
$ |
0.90 |
|
$ |
0.86 |
|
|
|
|
|
|
|
Diluted weighted average number of shares outstanding |
|
|
148,382 |
|
|
153,053 |
|
|
|
|
|
|
|
|
|
AMDOCS LIMITED |
|
|
|
Reconciliation of Selected Financial Metrics
from GAAP to Non-GAAP |
|
(in thousands) |
|
|
|
|
|
Three months ended
December 31, 2016
|
|
|
|
Reconciliation items
|
|
|
|
|
|
GAAP |
Amortization of
purchased
intangible assets
and other |
Equity based
compensation
expense |
Tax
effect |
Non-GAAP |
|
Operating expenses: |
|
|
|
|
|
|
Cost of revenue |
$ |
620,834 |
$ |
- |
|
$ |
(4,998 |
) |
$ |
- |
|
$ |
615,836 |
|
Research and
development |
|
59,990 |
|
- |
|
|
(899 |
) |
|
- |
|
|
59,091 |
|
Selling, general and
administrative |
|
124,079 |
|
- |
|
|
(8,364 |
) |
|
- |
|
|
115,715 |
|
Amortization of
purchased intangible assets and other |
|
28,231 |
|
(28,231 |
) |
|
- |
|
|
- |
|
|
- |
|
Total operating expenses |
|
833,134 |
|
(28,231 |
) |
|
(14,261 |
) |
|
- |
|
|
790,642 |
|
|
|
|
|
|
|
|
Operating income |
|
121,593 |
|
28,231 |
|
|
14,261 |
|
|
- |
|
|
164,085 |
|
|
|
|
|
|
|
|
Income taxes |
|
21,037 |
|
- |
|
|
- |
|
|
6,718 |
|
|
27,755 |
|
|
|
|
|
|
|
|
Net income |
$ |
97,793 |
$ |
28,231 |
|
$ |
14,261 |
|
$ |
(6,718 |
) |
$ |
133,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
December 31, 2015
|
|
|
|
Reconciliation items
|
|
|
|
|
|
GAAP |
Amortization of
purchased
intangible assets
and other |
Equity based
compensation
expense |
Tax effect
|
Non-GAAP |
|
Operating expenses: |
|
|
|
|
|
|
Cost of revenue |
$ |
595,568 |
$ |
- |
|
$ |
(4,124 |
) |
$ |
- |
|
$ |
591,444 |
|
Research and
development |
|
62,487 |
|
- |
|
|
(842 |
) |
|
- |
|
|
61,645 |
|
Selling, general and
administrative |
|
119,548 |
|
- |
|
|
(8,004 |
) |
|
- |
|
|
111,544 |
|
Amortization of
purchased intangible assets and other |
|
24,367 |
|
(24,367 |
) |
|
- |
|
|
- |
|
|
- |
|
Total operating expenses |
|
801,970 |
|
(24,367 |
) |
|
(12,970 |
) |
|
- |
|
|
764,633 |
|
|
|
|
|
|
|
|
Operating income |
|
119,535 |
|
24,367 |
|
|
12,970 |
|
|
- |
|
|
156,872 |
|
|
|
|
|
|
|
|
Income taxes |
|
17,028 |
|
- |
|
|
- |
|
|
6,159 |
|
|
23,187 |
|
|
|
|
|
|
|
|
Net income |
$ |
100,842 |
$ |
24,367 |
|
$ |
12,970 |
|
$ |
(6,159 |
) |
$ |
132,020 |
|
|
|
|
|
|
|
|
AMDOCS LIMITED |
Condensed Consolidated Balance
Sheets |
(in thousands) |
|
|
As of |
|
|
December 31,
2016 |
|
September 30,
2016 |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
Cash, cash equivalents and short-term interest-bearing investments |
|
$ |
940,324 |
|
$ |
1,095,723 |
Accounts receivable, net, including unbilled of $148,364 and $134,122,
respectively |
|
|
862,000 |
|
|
818,531 |
Prepaid expenses and other current assets |
|
|
193,716 |
|
|
186,137 |
Total current assets |
|
|
1,996,040 |
|
|
2,100,391 |
|
|
|
|
|
Equipment and leasehold improvements, net |
|
|
325,275 |
|
|
331,728 |
Goodwill and other intangible assets, net |
|
|
2,453,428 |
|
|
2,493,166 |
Other noncurrent assets |
|
|
414,599 |
|
|
406,070 |
Total assets |
|
$ |
5,189,342 |
|
$ |
5,331,355 |
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
Accounts payable, accruals and other |
|
$ |
1,053,622 |
|
$ |
992,679 |
Short-term financing arrangements |
|
|
- |
|
|
200,000 |
Deferred revenue |
|
|
167,779 |
|
|
173,331 |
Total current liabilities |
|
|
1,221,401 |
|
|
1,366,010 |
Other noncurrent liabilities |
|
|
497,455 |
|
|
511,784 |
Shareholders’ equity |
|
|
3,470,486 |
|
|
3,453,561 |
Total liabilities and shareholders’ equity |
|
$ |
5,189,342 |
|
$ |
5,331,355 |
|
|
|
|
|
|
|
AMDOCS LIMITED |
Consolidated Statements of Cash
Flows |
(in thousands) |
|
|
|
Three months ended
December 31, |
|
|
|
2016 |
|
|
|
2015 |
|
|
|
|
|
|
Cash Flow from Operating Activities: |
|
|
|
|
Net income |
|
$ |
97,793 |
|
|
$ |
100,842 |
|
Reconciliation of net income to net cash provided by operating activities: |
|
|
|
|
Depreciation and amortization |
|
|
57,552 |
|
|
|
51,127 |
|
Equity-based compensation expense |
|
|
14,261 |
|
|
|
12,970 |
|
Deferred income taxes |
|
|
7,355 |
|
|
|
(10,597 |
) |
Excess tax benefit from equity-based compensation |
|
|
(912 |
) |
|
|
(2,868 |
) |
(Gain) loss from short-term interest-bearing investments |
|
|
(194 |
) |
|
|
140 |
|
Net changes in operating assets and liabilities, net of amounts acquired: |
|
|
|
|
Accounts receivable |
|
|
(42,555 |
) |
|
|
(7,783 |
) |
Prepaid expenses and other current assets |
|
|
(1,969 |
) |
|
|
(13,017 |
) |
Other noncurrent assets |
|
|
(22,774 |
) |
|
|
4,518 |
|
Accounts payable, accrued expenses and accrued personnel |
|
|
68,226 |
|
|
|
59,354 |
|
Deferred revenue |
|
|
(6,913 |
) |
|
|
(9,304 |
) |
Income taxes payable |
|
|
(1,386 |
) |
|
|
10,267 |
|
Other noncurrent liabilities |
|
|
(456 |
) |
|
|
3,194 |
|
Net cash provided by operating activities |
|
|
168,028 |
|
|
|
198,843 |
|
|
|
|
|
|
Cash Flow from Investing Activities: |
|
|
|
|
Payments for purchase of equipment and leasehold improvements, net |
|
|
(41,736 |
) |
|
|
(38,253 |
) |
Proceeds from sale of short-term interest-bearing investments |
|
|
67,140 |
|
|
|
100,910 |
|
Purchase of short-term interest-bearing investments |
|
|
(67,714 |
) |
|
|
(103,599 |
) |
Other |
|
|
3,733 |
|
|
|
(332 |
) |
Net cash used in investing activities |
|
|
(38,577 |
) |
|
|
(41,274 |
) |
|
|
|
|
|
Cash Flow from Financing Activities: |
|
|
|
|
Payments under financing arrangements |
|
|
(200,000 |
) |
|
|
(220,000 |
) |
Repurchase of shares |
|
|
(80,219 |
) |
|
|
(99,964 |
) |
Proceeds from employee stock options exercised |
|
|
23,705 |
|
|
|
15,546 |
|
Payments of dividends |
|
|
(28,693 |
) |
|
|
(25,697 |
) |
Excess tax benefit from equity-based compensation |
|
|
912 |
|
|
|
2,868 |
|
Other |
|
|
- |
|
|
|
(2 |
) |
Net cash used in financing activities |
|
|
(284,295 |
) |
|
|
(327,249 |
) |
|
|
|
|
|
Net decrease in cash and cash equivalents |
|
|
(154,844 |
) |
|
|
(169,680 |
) |
Cash and cash equivalents at beginning of period |
|
|
768,660 |
|
|
|
1,035,573 |
|
Cash and cash equivalents at end of period |
|
$ |
613,816 |
|
|
$ |
865,893 |
|
|
|
|
|
|
|
|
|
|
AMDOCS LIMITED |
Supplementary Information |
(in
millions) |
|
|
|
|
|
|
Three months ended |
|
|
December 31, |
|
September 30,
|
|
June 30, |
|
March 31, |
|
December 31, |
|
|
|
2016 |
|
2016 |
|
|
2016 |
|
|
2016 |
|
|
2015 |
North America |
|
$ |
628.0 |
|
$ |
626.2 |
|
$ |
591.8 |
|
$ |
586.4 |
|
$ |
576.7 |
Europe |
|
|
118.5 |
|
|
118.9 |
|
|
126.3 |
|
|
139.2 |
|
|
128.9 |
Rest of World |
|
|
208.2 |
|
|
195.6 |
|
|
212.0 |
|
|
200.3 |
|
|
215.9 |
Total Revenue |
|
$ |
954.7 |
|
$ |
940.7 |
|
$ |
930.1 |
|
$ |
925.9 |
|
$ |
921.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months
ended
|
|
|
December 31, |
|
September 30, |
|
June 30, |
|
March 31, |
|
December 31, |
|
|
|
2016 |
|
2016 |
|
|
2016 |
|
|
2016 |
|
|
2015 |
Managed Services Revenue |
|
$ |
494.2 |
|
$ |
478.5 |
|
$ |
479.2 |
|
$ |
501.1 |
|
$ |
487.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
December 31, |
|
September 30, |
|
June 30, |
|
March 31, |
|
December 31, |
|
|
|
2016 |
|
2016 |
|
|
2016 |
|
|
2016 |
|
|
2015 |
Customer Experience |
|
$ |
937.9 |
|
$ |
924.9 |
|
$ |
908.1 |
|
$ |
902.3 |
|
$ |
894.4 |
Solutions |
|
|
|
|
|
|
|
|
|
|
Directory |
|
|
16.8 |
|
|
15.8 |
|
|
22.0 |
|
|
23.6 |
|
|
27.1 |
Total Revenue |
|
$ |
954.7 |
|
$ |
940.7 |
|
$ |
930.1 |
|
$ |
925.9 |
|
$ |
921.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
December 31, |
|
September 30, |
|
June 30, |
|
March 31, |
|
December 31, |
|
|
|
2016 |
|
2016 |
|
|
2016 |
|
|
2016 |
|
|
2015 |
12-Month Backlog |
|
$ |
3,180 |
|
$ |
3,170 |
|
$ |
3,110 |
|
$ |
3,100 |
|
$ |
3,090 |
|
|
|
|
|
|
|
|
|
|
|
Contact: Matthew Smith Head of Investor Relations Amdocs 314-212-8328 E-mail: dox_info@amdocs.com