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General

Amdocs up FY profit guidance after higher-than-expected EPS in Q2

Wednesday 15 May 2019 | 11:26 CET | News
Amdocs has lifted its profit guidance for the full year after profits came in above guidance for its second quarter to end March. The company now sees adjusted diluted EPS for 2019 up 4.5-8.5 percent, from its previous expectation of 3-7 percent. Revenue growth will however slow for the full year, as the company deals with rapidly shifting market dynamics. Amdocs said it cannot yet predict outcomes from T-Mobile's proposed merger with Sprint, or from other consolidation activity. The company will pay out a dividend of USD 0.285 per share in July and said it remains on track to achieve its

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Categories: General
Companies: Amdocs
Countries: World
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