Wednesday, Amdocs Ltd. (DOX) reported first-quarter net income of $88.4 million or $0.43 per share, compared to net income of $74.2 million or $0.35 per share in the same quarter last year.
On a non-GAAP basis net income was $113.1 million or $0.55 per share, compared to net income of $116.3 million or $0.55 per share in the year ago quarter.
On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.39 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter declined to $724.81 million from $753.84 million in the comparable quarter last year. Analysts expected the company to report revenue of $715.54 million for the quarter.
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