Company Report

Amdocs Limited’s revenue is above the midpoint of the $1,055-$1,095 million guidance range in Q1 2021

Amdocs Limited’s revenue of $1,086 million, above the midpoint of the $1,055-$1,095 million guidance range in First Quarter Fiscal 2021, even after adjusting for a positive impact from foreign currency movements of approximately $6 million compared to our guidance assumptions.

Amdocs Limited’s revenue for the first fiscal quarter ended December 31, 2020, was $1,086 million, up to $33 million sequentially from the fourth fiscal quarter of 2020.

Amdocs Limited’s revenue was up 4.3% as reported and 3.7% in constant currency as compared to last year’s first fiscal quarter. Revenue for the first fiscal quarter of 2021 includes a positive impact from foreign currency movements of approximately $5 million relative to the fourth quarter of fiscal 2020.

Amdocs Limited’s revenue was above the midpoint of Amdocs’ guidance, even after adjusting for a positive impact from foreign currency movements of approximately $6 million compared to our guidance assumptions.

Amdocs Limited’s revenue for the first fiscal quarter of 2021 includes record managed services revenue of $624 million, up 7.6% as compared to last year’s first fiscal quarter and equivalent to approximately 57% of total revenue.

Source: investors.amdocs.com

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