WEB NEWS Comments & Business Outlook
"We are pleased with our results for the third fiscal quarter, particularly in light of the on-going strain in the global economy. Favorable foreign currency movements increased third quarter revenue and EPS relative to our expectations for the quarter. Even without currency benefits, our results were at or above the mid-point of our guidance ranges. Additionally, backlog remained stable and we continued to meet our profit and cash flow objectives, all of which are encouraging," said Dov Baharav, chief executive officer of Amdocs Management Limited.
Baharav continued, "Demand conditions, however, remain weak, particularly for large transformational projects, as our customers manage their budgets tightly. As a result, we anticipate that our revenue may continue to trend down sequentially, albeit at a moderating pace, until we see demand improve. This view is reflected in our fourth fiscal quarter guidance, and we believe this trend could persist into early fiscal 2010."
4th Quarter 2009 Guidance Ending September a
4th Quarter 2009 Guidance 4th Quarter 2008 Reported Period Change
GAAP Revenue
$670.0 to $690.0 million
$825.0 million
-18.8% to -16.4%
GAAP EPS
$0.34 to $0.39
$0.38
-10.5% to 7.9%
Non-GAAP EPS b
$0.47 to $0.51
$0.54
-13.0% to -5.6%
Source:
See Release , July 22, 2009
a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement. b Non-GAAP EPS figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam ® non-GAAP figures may, from time to time, differ from company supplied figures .
Comments & Business Outlook
3rd Quarter 2009 Guidance Ending June a
3rd Quarter 2009 Guidance 3rd Quarter 2008 Reported Period Change
GAAP Revenue
$670.0 to $690.0 million
$820.0 million
-18.3% to -15.9%
GAAP EPS
$0.33 to $0.38
$0.46
-28.3% to -17.4%
Non-GAAP EPS b
$0.46 to $0.50
$0.61
-24.6% to -18.0%
Source:
See filing for 4/22/09
a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement. b Non-GAAP EPS figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam ® non-GAAP figures may, from time to time, differ from company supplied figures .
Comments & Business Outlook
Guidance Report:
Second quarter fiscal 2009
Rvenue
GAAP diluted EPS
Non-GAP EPS
$700-$720 million
$0.34-$0.39
$0.47-$0.51
Non-GAAP EPS excludes acquisition-related costs and approximately $0.05-$0.06 per share of equity-based compensation expense, net of related tax effects.
Source: PR Newswire (January 21, 2009 )
