Amdocs(US:DOX)2023-05-10 22:16Financial Highlights - Record revenue of $1.22 billion, up 8.2% year-over-year on a constant currency basis[9, 27] - Non-GAAP operating margin of 17.8%, a 20 basis points increase year-over-year[9, 107] - Non-GAAP EPS of $1.47, in line with guidance midpoint[9, 107] - Reiterating FY23 free cash flow generation of $700 million and approximately 100% conversion rate[106] Strategic Achievements - Entered into an agreement to acquire the service assurance business of TEOCO for approximately $90 million[6, 13] - Launched CES23, an advanced suite bringing innovation across BSS, OSS, and network automation[23, 28] - Four new customer logo wins[6] Business Performance - 12-month backlog reached a record $4.11 billion, up approximately 7% year-over-year on a constant currency basis[9, 125] - Managed services revenue increased by approximately 8.4% year-over-year[128] - Strong deal activity in Europe, increasing market share[12] Financial Outlook - Tightening FY2023 revenue growth outlook to approximately 7%-9% year-over-year on a constant currency basis[88, 133] - Reiterating FY2023 non-GAAP EPS growth outlook of approximately 9%-13% year-over-year[133, 149]