Amdocs (NASDAQ:DOX) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$1.25b (up 1.8% from 2Q 2023).
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Net income: US$118.5m (down 21% from 2Q 2023).
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Profit margin: 9.5% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses.
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EPS: US$1.02 (down from US$1.24 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Amdocs Earnings Insights
Looking ahead, revenue is forecast to grow 5.7% pa on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company’s shares are down 2.3% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We’ve done some analysis and you can see our take on Amdocs’ balance sheet.
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