Amdocs Ltd (DOX) released its second quarter results on Thursday, May 13, 2021. The company reported net earnings of $0.91 per share for the second quarter ending March 31, 2021. Earnings for this past quarter declined 3 percent compared to the same period a year ago.
Amdocs Limited was founded in 1988 and is headquartered in Chesterfield, Missouri. Amdocs Limited, through its subsidiaries, provides software and services to the communications, cable and satellite, entertainment, and media industry service providers worldwide. The company offers a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support and operations, such as end-to-end systems integration, managed, testing, cloud, digital business operations, and consulting services that addresses service providers business imperatives, including consumer experience and monetization, media and digital services, enterprise and connected society, open cloud networks, new domains and disruptions, and services and hybrid operations.
Amdocs' revenue increased 2 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 37.31% for the second quarter compared to the same period in the previous year, and operating margins decreased to 14.27% over the same period. Net earnings for past trailing twelve months were $669.04 million, up 36% from the prior year.
Moving on to the balance sheet, Amdocs' cash levels jumped 27% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 37.75% this past year. The current ratio for Amdocs now stands at 1.72. The company decreased shares outstanding by 2.79%.
Shares of DOX are currently trading around $75.62. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 14.84 and price to book ratio of 2.74.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Friday, May 14, 2021.