Amdocs Updates FY17 Revenue Growth Outlook - Quick Facts

(RTTNews) - Amdocs Limited (DOX) announced, for fiscal 2017, the company now expects revenue growth of 3.5-5.5% year-over-year on a constant currency basis compared with previous guidance of 2.5-6.5% year-over-year. As reported, revenue growth is expected to be in a range of 3.0-5.0% year-over-year. The company reiterated fiscal 2017 Non-GAAP EPS growth outlook of 4.5-8.5% year-over-year.

The company's GAAP net income for the second quarter of fiscal 2017 was $112.6 million, or $0.76 per share, compared to $107.7 million, or $0.71 per share, in the prior fiscal year's second quarter. Net income on a non-GAAP basis was $139.2 million, or $0.94 per share, compared to $140.2 million, or $0.92 per share, last year. Revenue for the second fiscal quarter was $966.0 million, up 4.3% as compared to last year's second fiscal quarter.