Amdocs Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - Amdocs Limited (DOX) reported first-quarter net income of $101.44 million, or $0.63 per share, compared to $99.02 million, or $0.61 per share, last year. Net income on a non-GAAP basis was $122.6 million, or $0.76 per share, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.75 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $864.05 million, compared to $826.36 million, a year ago. Analysts expected revenue of $859.81 million for the quarter.

Amdocs expects that revenue for the second quarter of fiscal 2014 will be approximately $880-$910 million. Amdocs estimates GAAP earnings per share will be $0.61-$0.69. Earnings per share on a non-GAAP basis are expected to be $0.75-$0.81. Analysts expect the company to report second-quarter profit per share of $0.77 on revenue of $875.34 million.

The company continues to expect non-GAAP earnings per share growth of 6%-9% in fiscal 2014.