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Earnings Review: January 21, 2009

Thu, 22 Jan 2009 00:21:45 GMT

Late on Wednesday, iPhone maker Apple said its first quarter net income rose to $1.61 billion, or $1.78 a share, from $1.58 billion, or $1.76 a share in the corresponding quarter a year ago.[More...]

Telecom Industry

Mon, 01 Dec 2008 20:55:00 GMT

Dismal economic events have culminated in drastic declines of market valuation among companies in nearly every industry/sector, including impacts to telecom industry performance.? Capital spending constraints among carriers, and limited funds available to sustain (grow) telecom services over the next six- to twelve-months, may be outcomes of credit markets remaining restricted and overall GDP growth remaining tepid or even retracting. Telecom carriers often resort to credit markets for funding capital projects, while telecom equipment companies conventionally use equity share offerings in lieu of debt instruments. The outcome has been a disappointment, regardless of the selected financing mechanism. As a result of weakening macroeconomic indicators, telecom carriers' capital expenditures remain limited in 2008 and early 2009.? There has been more selectivity on technology choices and leveraging cost-savings synergies, such as streamlining purchasing[More...]

Earnings Preview For Nov 3 - 7 - Earnings Preview

Sat, 01 Nov 2008 01:58:00 GMT

Companies that could issue positive surprises include Becton, Dickinson and Company (BDX), SucessFactors (SFSF) and Sunoco (SUN). Penn Virginia Corporation (PVA) could potentially disappoint investors. The Week's Events November has historically been one of the best months for the major markets, according to the[More...]

Analyst Comments: Deutsche Bank, Acxiom, Amdocs, Chesapeake, Onyx Pharmaceuticals

Thu, 07 Aug 2008 05:47:00 GMT

We are continuing our Hold on Deutsche Bank AG (DB). DB posted second quarter earnings before nonrecurring items of 418 million, down 75% from the year-ago quarter, but up sequentially from a 985 million loss in the first quarter.[More...]

Amdocs Beats Estimates on Heels of AT&T Contract

Thu, 24 Jul 2008 15:12:00 GMT

Israeli CRM and billing systems company Amdocs (DOX) has bested analyst estimates and come through with a record quarter. The company reported record revenue of $820 million in Q2, up 15% over Q2 ‘07, solidly beating the consensus estimate of $811.06 million. Non-GAAP net profit grew 9.9% to $132.5 million, or $0.61 per share, above the analysts’ consensus of $0.60. In addition, Amdocs raised Q3 guidance as well.Globes [More...]

Analyst Comments: Amdocs, Brazilian Unibanco, Citizens Communications, Power Integrations

Wed, 16 Jul 2008 13:57:00 GMT

We maintain our Buy recommendation and the same valuation target for Amdocs Limited (DOX), a leading provider of CRM and billing software for telecom carriers, as the company will shortly declare third quarter (ended June 30) fiscal 2008 financial results[More...]

Some Stocks We Like

Wed, 02 Jul 2008 12:28:51 GMT

The second quarter was a tough time to be in the market overall, and many people are very nervous as we head into the second half of the year. Yes there are many problems with the economy, but that does not mean you should be out of the market altogether[More...]

Israel Economic Update: Strong May CPI

Mon, 16 Jun 2008 13:38:31 GMT

Aaron Katsman[More...]

Dollar Surge May Benefit Israeli Stocks That Trade in the U.S.

Wed, 04 Jun 2008 14:06:45 GMT

Aaron Katsman[More...]

Two Israeli Firms Team up to Fight Fraud

Tue, 03 Jun 2008 14:18:25 GMT

What do you get when a leading revenue management firm teams up with leading telecom billing solutions provider?A pretty neat fraud detection and prevention solution with an expert delivery team.Reporting in Globes this morning, ECtel (ECTX) announced a collaboration with Amdocs (DOX) in which ECtel will team up with Amdoc’s system integration services to market its FraudView product suite. The software allows advanced detection of fraudulent activity as part of customer acquisition, credit ri[More...]

Amdocs shares jump on solid 1Q forecast

Thu, 05 Nov 2009 19:46:00 GMT

NEW YORK - Shares of Amdocs Ltd. rose Thursday after the telecommunications equipment maker posted higher fourth-quarter earnings and gave a solid forecast for its fiscal first quarter, a sign that demand for its products may be stabilizing.
For the fiscal first quarter ending in December, Amdocs expects a profit of 38 cents to 44 cents per share.
Excluding some one-time items, the company sees a profit of 51 cents to 55 cents per share.

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Long-struggling Nortel files for bankruptcy - Jan 14 2009 4:56PM

Wed, 14 Jan 2009 20:51:00 GMT

TORONTO - Nortel Networks Corp. spent years ringing up multiple rounds of layoffs as it tried to fix big problems in its business.
The telecommunications equipment maker filed for bankruptcy protection in Canada and the U.S. on Wednesday, becoming the first major technology company to take that step in this global downturn.
"Nortel must be put on a sound financial footing once and for all," Nortel's chief executive, Mike Zafirovski, said in the statement.

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Amdocs Full-Year Revenue Up 11% at $3.16 Billion

Mon, 10 Nov 2008 09:53:00 GMT

Billing and CRM vendor Amdocs has reported a 14% decline in net income to $82.71m for the fourth quarter 2008, compared to $96.24m in the year-ago quarter, on revenue up 14% at $825.27m.
It had cash flow from operations of $178m.
Dov Baharav, chief executive at Amdocs, said: "Our earnings per share were adversely impacted by the unprecedented extreme volatility in exchange rates and the rapid strengthening of the US dollar against other currencies.

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A Boom in Israel's Exports to India

Fri, 29 Aug 2008 14:54:00 GMT

There have been Jews in India for centuries, and Indians in Israel for decades.
Now, as India's economy grows, business ties between the nations are deepening, and exports from Israel to the world's second-most-populous country are soaring.
Products from Israel accounted for less than 2% of India's $230 billion in total imports last year.

[More...]

RidgewaterEquity.Com Free Fundamental Sector &Amp; Market Research on EPI, RKT, DOX, COO, HLIT and GYMB

Fri, 16 Oct 2009 12:06:00 GMT

RidgewaterEquity.com inspires to bring the best from the internet under one roof, providing you with a one click option to view what the market, researchers and financial pundits worldwide have to say about any particular large cap stocks in any given financial environment.
Once you sign up as a free member you will have free unlimited access to all our reports, research tools and more.
We have recently begun in-depth analysis of the following equities & their respective sectors:

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Amdocs Delivers Rogers Integrated Customer Management Products

Tue, 18 Aug 2009 09:56:00 GMT

Amdocs , the leading provider of customer experience systems, today announced that Rogers Communications Inc., a diversified Canadian communications and media company, has upgraded its Amdocs customer management system to Amdocs CES 7.5. This deployment is the first step in a multi-year transformation project to support Rogers' quadruple-play offering with integrated Amdocs CES 7.5 products.[More...]

Viet Nam Telecom National Selects and Deploys Amdocs for Partner Management

Tue, 04 Aug 2009 09:56:00 GMT

Amdocs , the leading provider of customer experience systems, today announced that Viet Nam Telecom National Company , a subsidiary of the Viet Nam Post and Telecommunications Group , has deployed Amdocs products to support its partner management processes.[More...]

Service Providers are Choosing Amdocs to Change the Way They Manage their Product Information

Thu, 30 Jul 2009 09:56:00 GMT

Amdocs , the leading provider of customer experience systems, continues to demonstrate momentum with wins and deployments in the area of information management and centralizing product catalog functionality across the enterprise, which is becoming an area of strategic investment for service providers in today's economic climate.[More...]

Amdocs Limited Reports Quarterly Revenue of $690 Million

Wed, 22 Jul 2009 19:57:00 GMT

Amdocs Limited today reported that for its fiscal third quarter ended June 30, 2009, revenue was $690.3 million, a decrease of 15.9% from last year's third quarter and down 2.9% sequentially. Net income on a non-GAAP basis was $108.6 million, or $0.53 per diluted share, compared to non-GAAP net income of $132.5 million, or $0.61 per diluted share, in the third quarter of fiscal 2008. Non-GAAP net income excludes amortization of purchased intangible assets and equity-based compensation expenses of $23.0 million, net of related tax effects, in the third quarter of fiscal 2009 and excludes such amortization, in-process research and development write-off and equity-based compensation expenses of $31.8 million, net of related tax effects, in the third quarter of fiscal 2008. The Company's GAAP net income for the third quarter of fiscal 2009 was $85.5 million, or $0.42 per diluted share, compared to GAAP net income of $100.7 million, or $0.46 per diluted share, in the prior year's third quarter. 'We are pleased with our results for the third fiscal quarter, particularly in light of the on-going strain in the global economy. Favorable foreign currency movements increased third quarter revenue and EPS relative to our expectations for the quarter. Even without currency benefits, our results were at or above the mid-point of our guidance ranges. Additionally, backlog remained stable and we continued to meet our profit and cash flow objectives, all of which are encouraging,' said Dov Baharav, chief executive officer of Amdocs Management Limited. Baharav continued, 'Demand conditions, however, remain weak, particularly for large transformational projects, as our customers manage their budgets tightly. As a result, we anticipate that our revenue may continue to trend down sequentially, albeit at a moderating pace, until we see demand improve. This view is reflected in our fourth fiscal quarter guidance, and we believe this trend could persist into early fiscal 2010.'Baharav concluded, 'While the pace of new deal activity is still slow, we signed important deals in the third quarter. We saw relative strength in our cable, managed services and Interactive domains, highlighted by several key wins.'For J:COM, Japan's largest multiple system and channel operator, Amdocs is fully modernizing the customer's billing system and replacing a competitor's CRM system, all based on the CES 7.5 product platform. Amdocs signed a six-year managed services contract with Elisa, a Finnish service provider, to consolidate eight billing systems across Elisa's wireless, wireline, Internet and cable TV lines of business onto the Amdocs Billing platform, as well as, deploy Amdocs Enterprise Product Catalog 7.5 to centralize information from five different existing catalogs. The new contract builds on an existing relationship with the customer, where Amdocs billing, ordering and CRM systems were previously deployed to support Elisa's wireless operations. Within Interactive, Amdocs signed several contracts during the third quarter, including two within the emerging markets. In Latin America, Amdocs signed a key contract with a large service provider to support its wireless portal development, digital commerce and personalization across all of its affiliates. Importantly, the deal included products based on both the QPass and ChangingWorlds technologies, demonstrating early synergies within our Interactive portfolio. Amdocs also signed two additional ChangingWorlds contracts, both in the Asia-Pacific region. Free cash flow was $96 million for the quarter, comprised of cash flow from operations of $114 million less approximately $18 million in net capital expenditures and other. Twelve-month backlog, which includes anticipated revenue related to contracts, estimated revenue from managed services contracts, letters of intent, maintenance and estimated on-going support activities, was $2.37 billion at the end of the third quarter of fiscal 2009. Financial OutlookAmdocs expects that revenue for the fourth quarter of fiscal 2009 will be approximately $670-$690 million. Amdocs expects diluted earnings per share on a non-GAAP basis for the fourth quarter to be $0.47-$0.51, excluding acquisition-related costs and approximately $0.04-$0.05 per share of equity-based compensation expense, net of related tax effects. Amdocs estimates GAAP diluted earnings per share for the fourth quarter will be $0.34-$0.39.Amdocs will host a conference call on July 22, 2009 at 5 p.m. Eastern Time to discuss the Company's third quarter results. The call will be carried live on the Internet via the Amdocs website, www.amdocs.com.Non-GAAP Financial MeasuresThis release includes non-GAAP diluted earnings per share and other non-GAAP financial measures, including free cash flow, non-GAAP cost of service, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes and non-GAAP net income. These non-GAAP measures exclude the following items: amortization of purchased intangible assets;in-process research and development write-off;restructuring charges;equity-based compensation expense; andtax effects related to the above.These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Amdocs believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Amdocs' results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Amdocs' results of operations in conjunction with the corresponding GAAP measures.Amdocs believes that the presentation of non-GAAP diluted earnings per share and other financial measures, including free cash flow, non-GAAP cost of service, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes and non-GAAP net income, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations, as well as the net amount of cash generated by its business operations after taking into account capital spending required to maintain or expand the business.For its internal budgeting process and in monitoring the results of the business, Amdocs' management uses financial statements that do not include amortization of purchased intangible assets, in-process research and development write-off, restructuring charges, equity-based compensation expense, and related tax effects. Amdocs' management also uses the foregoing non-GAAP financial measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Amdocs. In addition, Amdocs believes that significant groups of investors exclude these non-cash expenses in reviewing its results and those of its competitors, because the amounts of the expenses between companies can vary greatly depending on the assumptions used by an individual company in determining the amounts of the expenses. Amdocs further believes that, where the adjustments used in calculating non-GAAP diluted earnings per share are based on specific, identified amounts that impact different line items in the Consolidated Statements of Income , it is useful to investors to understand how these specific line items in the Consolidated Statements of Income are affected by these adjustments.Please refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below.About AmdocsAmdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and the intentional customer experience) - at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. A global company with revenue of $3.16 billion in fiscal 2008, Amdocs has approximately 17,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at www.amdocs.com.This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs ability to grow in the business markets that it serves, Amdocs ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2008 filed on December 8, 2008 and in our quarterly 6-K furnished on February 9, 2009 and May 12, 2009. AMDOCS LIMITED[More...]

Telenor Sweden Selects Amdocs OSS to Support Fixed Line Business

Wed, 15 Jul 2009 09:56:00 GMT

Amdocs , the leading provider of customer experience systems, today announced that Telenor Sweden, one of the largest mobile operators in Sweden and a subsidiary of the Telenor Group, has selected Amdocs' Operational Support System suite of products to manage and automate its network inventory across its wireline operations.Amdocs OSS already supports Telenor Sweden's mobile operations and it has expanded its relationship with Amdocs to support its fixed-line operations. Amdocs OSS will replace Telenor Sweden's current fixed-line solution with a consolidated, convergent OSS that places all network data in one repository, providing a single point of visibility across the network, and enabling Telenor Sweden to efficiently track and account for all its network assets. As a result, it will be easier for Telenor Sweden to plan and manage network resources and assure accurate service delivery across all its lines of business.'Choosing Amdocs as a single strategic supplier for our network inventory will give us a lower total cost of ownership and rapid time to market for new services,' explained Magnus Zetterberg, chief technical officer at Telenor Sweden. 'Having a single view of our network will allow us to maximize the usage and value of existing network capacity and support future growth by only deploying new network resources when needed. We will also be able to improve the customer experience with faster resolution times.'For more information about Amdocs operation support systems, please visit www.amdocs.com/oss.About Amdocs CES Amdocs CES is an integrated portfolio that delivers the operating environment service providers need to transform from providers of utility voice, data and video services into purveyors of the digital lifestyle. Amdocs CES allows providers to deliver an optimal customer experience - personalized, participatory and timely across any service, location and device. The Amdocs CES Portfolio leverages Amdocs business process best practices based on real-world scenarios, and transcends traditional business support systems , operational support systems and service delivery platforms to enable service providers to address both current and emerging customer experience business processes. Amdocs' unique business model focuses on enabling its customers to create differentiation and build brand, loyalty, profitability and competitive leadership. Please visit www.amdocs.com/cesportfolio for more information. About AmdocsAmdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and intentional customer experience at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, services and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. A global company with revenue of $3.16 billion in fiscal 2008, Amdocs has more than 17,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at www.amdocs.com.Amdocs Forward-Looking StatementThis press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2008, filed on December 8, 2008, and in our quarterly 6-K furnished on February 9 and May 12, 2009.[More...]

Amdocs to Provide Managed Services to T-Mobile UK, Supporting its Billing, Customer Care and Ordering Applications

Wed, 08 Jul 2009 09:55:00 GMT

Amdocs , the leading provider of customer experience systems, today announced that it has been selected by T-Mobile UK for a four-year managed services agreement. Under the agreement, Amdocs will manage the ongoing development, maintenance and support of T-Mobile UK's billing, customer care and ordering systems for its 16.7 million subscribers. Amdocs will also modernize T-Mobile UK's ordering system.[More...]

BenchmarkJournal.Com Free Analyst Review for CRK, DOX, LXP, ARG, NCX and EPI

Thu, 02 Jul 2009 14:16:00 GMT

Benchmark Journal brings independent company and sector research together, utilizing top financial advisors and investment tactics to provide you with a clear picture of investment opportunities.
Today we began research on COMSTOCK RES (NYSE: CRK), AMDOCS LTD ORD (NYSE: DOX), LEXINGTON REALTY TRU (NYSE: LXP), Airgas Inc (NYSE: ARG), NOVA CHEMICALS CORP (NYSE: NCX) and WisdomTree India Earnings (NYSE: EPI).
To view our research, sign up now and get started with your complimentary subscription.

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Zohar Zisapel Announces Results of Partial Tender Offer for RADVISION Shares

Mon, 29 Jun 2009 14:46:00 GMT

Zohar Zisapel announced today the final results of his tender offer to purchase 5.0% of the outstanding ordinary shares of RADVISION Ltd. (Nasdaq: RVSN) (currently, 971,394 RADVISION shares) for $7.70 per share, net to the seller in cash, less any required withholding taxes and without interest.
The offer expired on June 25 at 10:00 a.m., New York time, or 5:00 p.m., Israel time.
As of the expiration date of the offer, based on the final results provided by American Stock Transfer & Trust Company, the U.S. depositary of the offer, and by Clal Finance Batucha Investment Management Ltd., the Israeli depositary of the offer, 175,338 RADVISION shares, or approximately 0.9% of the outstanding RADVISION shares, had been validly tendered and not withdrawn.

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Amdocs Partners With Trivnet Enabling Service Providers to Offer Mobile Money Services

Wed, 24 Jun 2009 07:26:00 GMT

Quick-to-deploy offering allows mobile service providers to capitalize on a range of financial services which cross borders and networks, delivered over the mobile phone[More...]