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Amdocs: Fiscal 2Q Earnings Snapshot

CHESTERFIELD, Mo. (AP) _ Amdocs Ltd. (DOX) on Tuesday reported fiscal second-quarter net income of $124.3 million.

On a per-share basis, the Chesterfield, Missouri-based company said it had profit of 90 cents. Earnings, adjusted for one-time gains and costs, were $1.06 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The provider of computer systems integration posted revenue of $1.02 billion in the period, which met Street forecasts.

For the current quarter ending in July, Amdocs expects its per-share earnings to range from $1.08 to $1.14.

The company said it expects revenue in the range of $1 billion to $1.05 billion for the fiscal third quarter.

Amdocs shares have fallen nearly 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $53.46, a drop of 19% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOX at https://www.zacks.com/ap/DOX