Business News: Amdocs Limited Fourth Quarter Results for Fiscal 2018

9Nov - by Editor - 0 - In STL.News



Amdocs Limited Record Quarterly Revenue of $1 Billion
Amdocs Expects Fiscal 2019 Revenue Growth of 2.0%-6.0% YoY in Constant Currency
Amdocs Quarterly Cash Dividend to be Raised From $0.25 to $0.285 Per Share
Fourth Quarter Fiscal 2018 Highlights

  • Revenue of $1 billion, slightly above the midpoint of the $980-$1,020 million guidance range including a negative impact from foreign currency movements of approximately $5 million relative to the third quarter of fiscal 2018.  Revenue guidance had included a negative sequential impact from foreign currency fluctuations of approximately $5 million as compared to the third quarter of fiscal 2018
  • GAAP diluted EPS of $0.31, below the $0.71-$0.79 guidance range, primarily due to a non-recurring charge of $0.36 per diluted share incurred to settle a previously disclosed long-running legal dispute, and changes in certain acquisitions related liabilities measured at fair value of $0.06 per diluted share, net of tax effect
  • Non-GAAP diluted EPS of $0.99, above the midpoint of the $0.95-$1.01 guidance range
  • GAAP operating income of $69 million; GAAP operating margin of 6.9%
  • Non-GAAP operating income of $173 million; non-GAAP operating margin of 17.2%
  • Normalized quarterly free cash flow of $89 million, comprised of cash flow from operations of $115 million, less $34 million in net capital expenditures and other, and excluding payments of non-recurring charges and the multi-year development of the new campus in total amount of $8 million
  • Normalized full year free cash flow of $428 million, comprised of cash flow from operations of $557 million, less $232 million in net capital expenditures and other, and excluding payments of non-recurring charges and the multi-year development of the new campus in total amount of $103 million
  • Twelve-month backlog of $3.36 billion, up $30 million sequentially
  • Quarterly cash dividend of $0.25 per share, to be paid on January 18, 2019
  • The board of directors also approved an increase in the Company’s quarterly cash dividend payment from $0.25 per share to $0.285 per share, anticipated to be paid in April 2019, subject to shareholder approval at the January 2019 annual meeting

ST.

Continue reading Business News: Amdocs Limited Fourth Quarter Results for Fiscal 2018 at STL.News.



Source link