DOX - Mergers and acquisitions

ST. LOUIS, May 12, 2021 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced it has acquired Sourced Group, a leading global technology consultancy specializing in large-scale cloud transformations for sophisticated, high-end enterprises in industries such as financial services, communications and others. The two companies are excited by the opportunity to strengthen Amdocs' capabilities for taking the communications industry to the cloud and bring to Amdocs' 350+ service provider customers Sourced's decade-long experience of delivering cloud at scale. "We are delighted the innovative Sourced team is jo

Raises Outlook for Accelerated Revenue and Earnings per Share Growth in Fiscal 2021 Solidifies Cloud Domain Leadership with Acquisition of Sourced Group Second Quarter Fiscal 2021 Highlights Revenue of $1,049 million, above the midpoint of the $1,015-$1,055 million guidance range; revenue included a negative impact from foreign currency movements of approximately $1 million compared to our guidance assumptionsRecord managed services revenue of $635 million, equivalent to approximately 61% of total revenueGAAP diluted EPS of $0.91, at the midpoint of the $0.87-$0.95 guidance rangeNon-GAAP diluted EPS of $1.13, above the midpoint of the $1.09-$1.15 guidance rangeGAAP operating income