Amdocs Expects FY16 Non-GAAP EPS Growth Of 3.5% To 7.5%; To Raise Dividend

(RTTNews) - Amdocs Limited (DOX) announced that, for fiscal 2016, the company expects revenue growth of 2.0-6.0% in constant currency and 1.0-5.0% as reported, including a negative impact from foreign currency movements of approximately 1%, and non-GAAP earnings per share growth of roughly 3.5-7.5%, including the impact of anticipated share repurchase activity over the course of the fiscal year

The company expects that revenue for the first quarter of fiscal 2016 will be approximately $905-$945 million. Earnings per share on a non-GAAP basis for the first fiscal quarter is expected to be $0.82-$0.88, excluding amortization of purchased intangible assets and other acquisition-related costs, and approximately $0.09-$0.10 per share of equity-based compensation expense, net of related tax effects. Amdocs estimates GAAP earnings per share for the first fiscal quarter will be $0.59-$0.67.

The Board also approved an increase in the company's quarterly cash dividend payment to $0.195 per share, which is anticipated to be paid in April 2016, provided that the increase is approved by shareholders at the February 2016 annual general meeting of shareholders.