Published on 7 Feb 2024 on Zacks via Yahoo Finance

Amdocs (DOX) Q1 Earnings Miss Estimates, Revenues Match

Amdocs Limited DOX reported first-quarter fiscal 2024 results, wherein earnings missed the Zacks Consensus Estimate while revenues matched the same. However, both the top and bottom lines marked a year-over-year improvement.

The company reported first-quarter non-GAAP earnings of $1.56 per share, missing the consensus mark by a penny. The non-GAAP earnings per share matched the midpoint of management’s guidance of $1.53-$1.59. Quarterly earnings also increased 7.6% from the year-ago quarter’s $1.45 per share.

Amdocs reported revenues of $1.25 billion, which came in line with the Zacks Consensus Estimate as well as matched the midpoint of management’s guidance range of $1.23-$1.27 billion. Compared with the year-ago quarter, revenues were up 5% on a reported basis and 4.8% on a constant-currency basis.