Amdocs reported strong results during the most recent quarter, with revenues up more than 7% year-over-year driven by activity in emerging markets and in North America.
Its revenues for the most recent quarter were $902 million, and the company noted that positive foreign currency developments affected revenue by about $3 million compared to the previous sequential quarter. However, profits were down slightly over-over-year to $109.8 million from $119.6 million in the year-ago quarter.
Eli Gelman, CEO of Amdocs, said that the results were driven by “healthy customer activity in North America” and record revenue from emerging markets, while the company’s revenues from Europe remained sequentially stable. Gelman said that Amdocs’ success in emerging markets reflects “the progression of highly complex transformation projects towards production,” noting that the company is particularly focused on carriers in Latin America and Southeast Asia.
In conjunction with the results, Amdocs announced that current customer Bell Canada has chosen its Convergence Charging solution to support charging for its lines of business. Telefonica recently selected Amdocs for quad-play intiatives in Peru and Chile, and Gelman noted that Amdocs added support for two more European affiliates of Vodafone – fixed line operations in the United Kingdom and its enterprise machine-to-machine group – under a previously signed global managed services agreement.
“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,” Gelman said.
Amdocs said it has a 12-month backlog that includes anticipated contract revenue, managed service agreements and letters of intent worth $2.97 billion, up $30 million from the preceding quarter.
The company expects its next quarter’s revenues to land in the range of $890 million to $920 million.
