Amdocs Buys Phone Manager

Stock quotes in this article: DOX  

Amdocs (DOX Quote) branches into phone network management with a $375 million deal for closely held London-based Cramer Systems.

The St. Louis telecom billing and customer service provider says the all-cash agreement will allow Amdocs to provide phone companies with what is called operational support systems, or OSS.

"With a quality company like Cramer, Amdocs expects to be well positioned to capitalize on the growth opportunity that OSS represents," CEO Dov Baharav said in a press release Tuesday.

The transaction is expected to close in the current fiscal quarter and cause about 4 cents of dilution to the fiscal 2007 pro forma earnings. Amdocs expects the deal to be accretive in fiscal 2008.

The company is set to release fiscal third -quarter earnings Wednesday after the market's close.

Amdocs shares closed down 15 cents at $34.25 Tuesday.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin




Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,270.47 1,093.48 2,167.88 34.29
Oil *
75.55
UP
73.00
UP
6.24
UP
18.86
DOWN
0.17
10 Yr
3.43%
SPDR Gold
109.74
+0.72%
+0.57%
+0.88%
-0.49%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services