Amdocs Full Year 2024 Earnings: EPS Misses Expectations

Amdocs (NASDAQ:DOX) Full Year 2024 Results

Key Financial Results

• Revenue: US$5.00b (up 2.4% from FY 2023).
• Net income: US$493.2m (down 8.8% from FY 2023).
• Profit margin: 9.9% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$4.27 (down from US$4.52 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Amdocs EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 7.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Amdocs' balance sheet.

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