Amdocs Tops Estimates, Sets Buyback

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Amdocs

(DOX) - Get Report

said fourth-quarter earnings were slightly better than expected and the company affirmed its outlook for 2002.

The telecommunications software company, which is based in St. Louis and Israel, earned $78.3 million, or 35 cents a share, before items in the fourth quarter, compared with $56 million, or 25 cents a share, a year ago and one cent better than analysts had forecast. For 2002 the company expects to earn $1.52 a share before items, slightly higher than estimates.

First-quarter revenues rose to $415.4 million from $315 million a year ago. The company also authorized the repurchase of 5% of its outstanding shares.