Amdocs Sees FY23 Non-GAAP Diluted EPS Up 11%-12% YoY; Revenue Up 6.3%-7.1% YoY
Portfolio Pulse from Happy Mohamed
Amdocs has updated its FY23 guidance, expecting non-GAAP diluted EPS to increase by 11%-12% YoY and revenue to rise by 6.3%-7.1% YoY. The company's full-year fiscal 2023 revenue guidance incorporates an expected unfavorable impact from foreign currency fluctuations of approximately 0.9% YoY. The acquisition of TEOCO's service assurance business is expected to have a neutral impact on Amdocs' non-GAAP diluted earnings per share for the full fiscal year 2023.
August 04, 2023 | 12:25 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Amdocs' updated FY23 guidance indicates a positive outlook with expected growth in non-GAAP diluted EPS and revenue. The acquisition of TEOCO's service assurance business is expected to have a neutral impact on earnings.
The updated guidance indicates that Amdocs expects to see growth in its non-GAAP diluted EPS and revenue for FY23, which is a positive sign for investors. The acquisition of TEOCO's service assurance business is not expected to negatively impact earnings, which could also be seen as a positive by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100