Emerging markets push up Amdocs profit, revenue

Amdocs posted a non-GAAP net income of $114.7 million in the second quarter of its fiscal year (January to March), 4% better YOY. This push up its non-GAAP earnings per diluted share to $0.67
GAAP net income went up 8.3% to $101.9 million while diluted EPS improved to $0.60.
Revenue was $808.9 million, up 0.2% sequentially from the first fiscal quarter of 2012 and up 2.5% YOY.
"Our second fiscal quarter performance reflects ongoing deal momentum in the emerging markets and healthy business activity in Europe, partially offset by a slow recovery of spending at AT&T,”