Amdocs posts record revenue

Amdocs registered revenue of $706.4 million in the second quarter ended March 31, a 17.5% improvement over the same period last year. GAAP net income was $87.2 million, or $0.40 per diluted share, in the second quarter, from $81.8 million, or $0.38 per diluted share, during the same time last fiscal year.

 

The company attributed its strong performance to the launch of new products and the award of several contracts, including a managed services deal with AT&T.

 

For its third fiscal quarter, Amdocs expects revenue of around $710 million to $720 million. For the entire 2007 fiscal year, revenue is seen hitting between $2.83 billion and $2.91 billion.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.