Gold prices hold losses as US-EU trade deal eases safe‑haven demand
Investing.com -- Amdocs Limited (NASDAQ:DOX) reported second-quarter earnings that beat analyst estimates, but shares fell 3.5% in after-hours trading as the company’s revenue outlook fell short of expectations.
The software and services provider for communications companies posted adjusted earnings per share of $1.78, surpassing the analyst consensus of $1.72. Revenue came in at $1.13 billion, slightly below estimates of $1.15 billion but above the midpoint of the company’s guidance range of $1.105-$1.145 billion.
While revenue declined 9.4% year-over-year as reported, Amdocs said it grew 4% on a pro forma constant currency basis after adjusting for the phase-out of certain low-margin business activities.
For fiscal 2025, Amdocs now expects revenue to decline between 10.9% and 9.1% as reported. On a pro forma constant currency basis, the company reiterated its outlook for 1.7% to 3.7% growth.
"The level of global macroeconomic uncertainty has clearly risen in recent months, but we believe Amdocs is relatively well positioned to navigate the present environment due to our unique business model," said CEO Shuky Sheffer.
Amdocs maintained its target for double-digit total shareholder returns in fiscal 2025, citing improved profitability and strong cash flow conversion. The company’s board authorized a new $1 billion share repurchase program.
For the third quarter, Amdocs forecasts revenue between $1.11 billion and $1.15 billion and adjusted EPS of $1.68 to $1.74.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.