nailed its fiscal first quarter and guided toward solid results ahead.
The St. Louis-based telecom billing and customer support contractor posted adjusted net income of $89.9 million, or 42 cents a share, on sales of $587 million in the quarter ended Dec. 31. Those numbers compare with an adjusted profit of 34 cents on $469.5 million in the year-ago period. Latest-quarter figures surged past the analyst consensus estimate, which called for a 40-cent profit on $585.2 million in sales.
Looking ahead, the company expects to book a profit of about 40 cents a share on $600 million in revenue in the fiscal second quarter ending in March. For the fiscal year, Amdocs predicts adjusted earnings of $1.69 a share on sales of $2.45 billion.
Guidance for the current quarter ending in March was slightly below expectations. Analysts were looking for an adjusted profit of 41 cents a share on $601.1 million in sales, according to Reuters Research.
Amdoc shares hit a new three-year high Wednesday, rising $1.02 to close at $31.42 after the company won an eight-year contract to provide billing and customer support to
Tuesday. No cash terms were disclosed.