Amdocs Limited Q4 Profit Declines; Issues Q1 Outlook - Quick Facts

(RTTNews) - Amdocs Limited (DOX) Tuesday reported fourth-quarter net income of $90.0 million or $0.54 per share, compared to $98.0 million or $0.60 per share last year.

Adjusted net income for the quarter was $103.39 million or $0.63 per share, compared to $115.68 million or $0.70 per share in the prior year quarter. On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.64 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues grew to $845.23 million from $822.13 million in the comparable quarter last year, while eleven analysts estimated revenues of $847.32 million for the quarter.

Looking forward to the first quarter, Amdocs expects earnings of $0.58 to $0.66 per share, adjusted earnings of $0.72 to $0.78 per share, and revenues of about $845 million to $875 million. Analysts currently estimate earnings of $0.76 per share and revenues of $858.72 million for the quarter.