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Amdocs DOX reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.70 per share, which matched the midpoint of management’s guidance and increased 19.7% year over year. The figure also matched the Zacks Consensus Estimate.
In the trailing four quarters, DOX’s earnings missed the Zacks Consensus Estimate twice, matched once and beat once, with an average negative surprise of 0.3%.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
DOX’s fourth-quarter fiscal 2024 revenues of $1.264 billion missed the consensus mark by 0.17%. However, compared with the year-ago quarter, revenues were up 1.7% on a reported basis and 2.1% on a constant-currency basis.
Additionally, the company’s guidance for the fiscal first quarter and fiscal 2025 fell short of the Zacks Consensus Estimate. Amdocs’ dismal outlook may pull its shares down. On a year-to-date basis, shares of Amdocs have gained 5.7% compared with the Zacks Computers - IT Services industry’s return of 15.9%.
Amdocs Limited Price, Consensus and EPS Surprise
Amdocs Limited price-consensus-eps-surprise-chart | Amdocs Limited Quote
Amdocs’ Q4 Details
Amdocs’ top-line performance was contributed well by year-over-year growth in North America and Europe and the Rest of World (RoW).
North America reported revenues of $835.8 million (66.1% of total revenues), which rose 0.2% year over year. Europe revenues (14.6% of total revenues) of $184.1 increased 4.9% year over year. RoW revenues (19.3% of total revenues) grew 4.9% year over year to $244 million. Our model estimates for North America, Europe and RoW were pinned at $834.4 million, $184.1 million and $246.3 million, respectively.
Managed services revenues rose 0.5% year over year to $721.4 million. The company ended the fourth quarter of fiscal 2024 with a 12-month backlog of $4.06 billion, up $30 million sequentially and 2.5% year over year. Our model estimates for managed services revenues and backlog were pegged at $736.4 million and $4.27 billion, respectively.
The non-GAAP operating income increased 6.8% year over year to $236.2 million, while the operating margin expanded 90 basis points (bps) to 18.7%. Non-GAAP operating margin for fiscal 2024 improved 60 bps to 18.4%.
Amdocs’ FY24 Performance in Brief
Amdocs reported fiscal 2024 revenues of $5.005 billion, lagging the consensus mark by 0.1%. The top line improved 2.4% year over year on a reported basis and 2.7% in constant currency.
Amdocs reported fiscal 2024 non-GAAP earnings of $6.44 per share, matching the consensus mark yet again. The bottom line increased 9% year over year.