Amdocs Ltd (DOX) released a profit for its first quarter that increased from last year in line with the Street estimates.
The company's bottom line totaled $148.0 million, or $1.26 per share. This compares with $129.7 million, or $1.07 per share, in last year's first quarter.
Excluding items, Amdocs Ltd reported adjusted earnings of $183.1 million or $1.56 per share for the period.
Analysts on average had expected the company to earn $1.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.0% to $1.25 billion from $1.19 billion last year.
Amdocs Ltd earnings at a glance (GAAP) :
-Earnings (Q1): $148.0 Mln. vs. $129.7 Mln. last year.
-EPS (Q1): $1.26 vs. $1.07 last year.
-Analyst Estimate: $1.56
-Revenue (Q1): $1.25 Bln vs. $1.19 Bln last year.
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