Amdocs Limited ( (DOX) ) has released its Q1 earnings. Here is a breakdown of the information Amdocs Limited presented to its investors.
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Amdocs Limited is a leading provider of software and services primarily for communications and media companies, focusing on enabling next-generation digital experiences and operational efficiencies.
In its first quarter of fiscal 2025, Amdocs Limited reported significant developments in its financial performance, driven by strategic shifts and efficiency improvements. The company recorded a revenue of $1.11 billion, reflecting a 10.9% year-over-year decline due to the phase-out of certain non-core business activities, while showing a 1.7% increase on a pro forma constant currency basis.
Key financial highlights include a substantial profitability improvement, with GAAP diluted earnings per share rising above the guidance range to $1.33 and a non-GAAP diluted EPS reaching $1.66. The company also reported a 12-month backlog increase to $4.14 billion, signaling strong future business prospects. Managed services accounted for 66% of total revenue, evidencing a strategic focus on high-margin service areas.
Looking forward, Amdocs maintains a positive outlook for fiscal 2025, expecting revenue growth of 1% to 4.5% on a pro forma constant currency basis. The company remains committed to delivering double-digit shareholder returns, supported by ongoing margin expansion efforts and a robust sales pipeline, despite challenges in the demand environment.
