Amdocs reported revenue of $ 4.3 billion, surpassing analysts' forecasts

Amdocs, which is traded on the Nasdaq at a value of $ 9.9 billion, reported revenue of $ 4.3 billion, surpassing analysts' forecasts of revenue of only $ 947.1 million. Non-GAAP earnings per share were $ 4.81, up 9.8% from For the same quarter last year, analysts expected earnings to be $ 1.02 per share.
The company's backlog stands at $ 3.69 billion, an increase of about $ 100 million compared to the same quarter last year.
The company expects revenue of $ 1 billion, while analysts expected revenue of $ 974.4 million for the quarter. The company expects earnings of $ 1.13-1.19 per share.
Shuki Sheffer, President and CEO of Amdocs: “I could not be proud of our outstanding achievements in fiscal year 2021, much of which is credited to our talented people around the world. Over the past few years, we have built Amdocs to support the next wave of growth, while pursuing our strategy to deliver market-leading innovation that is well-suited to the industry's needs in digital modernization, 5G monetization, and cloud and network travel. automation".
"We are at an exciting turning point, as revenue growth in fiscal year 2021 accelerated to 7.0%. We ended the year in a strong tone, and prepared to continue to gain momentum as we enter fiscal year 2022." We provided improved profitability in fiscal year 2021 and achieved the best level of cash collection ever. ", Said Tamar Rapaport-Dagim, VP of Finance and Operations. Director of Amdocs Management Ltd.