Business
Amdocs Limited Reports Third Quarter Fiscal 2020 Results
Quarterly Revenue of $1.03 Billion, Exceeding Midpoint of GuidanceRaises Fiscal 2020 Revenue Growth Outlook to 1.1%-2.1% YoY as Reported and 1.6%-2.6% YoY in
About this update from Amdocs Limited
[{"type":"text","content":"Quarterly Revenue of $1.03 Billion, Exceeding Midpoint of GuidanceRaises Fiscal 2020 Revenue Growth Outlook to 1.1%-2.1% YoY as Reported and 1.6%-2.6% YoY in Constant Currency\n Expects Announced Acquisition of Openet to Close in Fourth Quarter Fiscal 2020 Third Quarter Fiscal 2020 Highlights Revenue of $1,026 million, exceeding the midpoint of the $990-$1,040 million guidance range, also after adjusting for a positive impact from foreign currency movements of approximately $5 million compared to our guidance assumptionsRecord managed services revenue of $604 million, up 4.6% as compared to last year’s third fiscal quarter and equivalent to approximately 59% of total revenueGAAP diluted EPS of $0.90, above the midpoint $0.81-$0.91 guidance rangeNon-GAAP diluted EPS of $1.07, above the midpoint of the $1.00-$1.08 guidance rangeGAAP operating income of $148 million; GAAP operating margin of 14.4%Non-GAAP operating income of $175 million; non-GAAP operating margin of 17.1%Quarterly free cash flow of $146 million, comprised of cash flow from operations of $187 million, less $41 million in net capital expenditures and other; normalized free cash flow of $169 million (1)Cash and cash equivalents of $1,194 million, including aggregate borrowings of $750 millionTwelve-month backlog of $3.48 billion, up $20 million sequentially and up 2.4% as compared to last year’s third fiscal quarterThe board of directors approved a quarterly cash dividend of $0.3275 per share to be paid on October 23, 2020(1) Please refer to the Selected Financial Metrics tables below (figures may not sum because of rounding). ST. LOUIS, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Amdocs Limited (NASDAQ: DOX) today reported operating results for the three months ended June 30, 2020. “Our fiscal Q3 was our first full quarter operating under the global conditions of the COVID-19 pandemic, considering which I am proud of the company’s performance. Revenue exceeded the midpoint of our guidance and included healthy year-over-year growth in North America and another record quarter in managed services. Our operating execution was especially noteworthy this quarter as we delivered a significant number of live deployments, maintained stable profitability and generated robust free cash flow. Additionally, the pace of deal signings accelerated during Q3 and included an agreement to suppo...