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Third Quarter Results for Fiscal 2010
Repurchases $209 Million of Ordinary Shares in Third Fiscal Quarter

ST. LOUIS, July 21, 2010 /PRNewswire via COMTEX/ --

Key highlights:

  • Third fiscal quarter revenue of $753 million, compared to the $750-$765 million guidance range. Foreign currency movements negatively impacted revenue by approximately $5 million subsequent to the issuance of guidance in April 2010
  • Third quarter non-GAAP operating income of $138 million; non-GAAP operating margin of 18.3%; GAAP operating income of $105 million
  • Third quarter diluted non-GAAP EPS of $0.58, excluding amortization of purchased intangible assets and other acquisition related costs, loss from divestiture of a subsidiary, and equity-based compensation expense, net of related tax effects, compared to the $0.55-$0.58 guidance range
  • Diluted GAAP EPS of $0.45 for the third quarter, compared to the $0.41-$0.46 guidance range
  • Free cash flow of $160 million for the third quarter
  • Twelve-month backlog of $2.47 billion at the end of the third quarter, up $10 million from the end of the second quarter of 2010
  • Fourth fiscal quarter of 2010 guidance: Expected revenue of approximately $755-$770 million and diluted non-GAAP EPS of $0.57-$0.60, excluding acquisition-related costs and approximately $0.04-$0.05 per share of equity-based compensation expense, net of related tax effects. Diluted GAAP EPS is expected to be approximately $0.44-$0.49
  • Repurchased $209 million of ordinary shares during third quarter

Amdocs Limited (NYSE: DOX) today reported that for its third fiscal quarter of 2010 ended June 30, 2010, revenue was $753.2 million, up 1.2% sequentially from the second fiscal quarter of 2010 and up 9.1% as compared to last year's third fiscal quarter. Net income on a non-GAAP basis was $119.4 million, or $0.58 per diluted share, compared to non-GAAP net income of $108.6 million, or $0.53 per diluted share, in the third quarter of fiscal 2009. Non-GAAP net income excludes amortization of purchased intangible assets and other acquisition related costs, loss from divestiture of a subsidiary and equity-based compensation expense of $27.1 million, net of related tax effects, in the third quarter of fiscal 2010 and excludes such amortization, and equity-based compensation expense of $23.0 million, net of related tax effects, in the third quarter of fiscal 2009. The Company's GAAP net income for the third quarter of fiscal 2010 was $92.3 million, or $0.45 per diluted share, compared to GAAP net income of $85.5 million, or $0.42 per diluted share, in the prior year's third quarter.

"We are pleased with our third quarter results as they reflected solid market demand and a strong competitive win rate. We have gained traction in the marketplace with our CES 8 product portfolio and, in particular, our TurboCharging offering, driving customer preference for Amdocs solutions. We are also increasingly confident in Amdocs' position in the emerging markets where service provider requirements for customer experience systems are becoming more sophisticated. In addition to new project activity, our managed services business continues to produce a very solid foundation of visibility and growth for the company, demonstrated again today by the extension of our relationships with our two largest directory customers, AT&T and Sensis," said Dov Baharav, chief executive officer of Amdocs Management Limited.

Baharav concluded, "While we are encouraged with the level of activity in North America and the emerging markets, we are marginally more cautious on our European business given our third fiscal quarter results in Europe and relatively weaker spending trends in the region. As a result, our fourth quarter revenue outlook is for $755-$770 million which, at the lower end, is slightly below our previous expectation of 1-2% sequential growth. However, reflecting high confidence in our future performance, we repurchased $209 million of our ordinary shares during the third quarter and continue to maintain a very strong financial and strategic position to pursue the market opportunities ahead of us."

Financial Discussion of Third Fiscal Quarter Results

Free cash flow was $160 million for the quarter, comprised of cash flow from operations of $179 million less approximately $19 million in net capital expenditures and other.

Twelve-month backlog, which includes anticipated revenue related to contracts, estimated revenue from managed services contracts, letters of intent, maintenance and estimated on-going support activities, was $2.47 billion at the end of the third quarter of fiscal 2010.

Financial Outlook

Amdocs expects that revenue for the fourth quarter of fiscal 2010 will be approximately $755-$770 million. Amdocs expects diluted earnings per share on a non-GAAP basis for the fourth quarter to be $0.57-$0.60, excluding acquisition-related costs and approximately $0.04-$0.05 per share of equity-based compensation expense, net of related tax effects. Amdocs estimates GAAP diluted earnings per share for the fourth quarter will be $0.44-$0.49.

Conference Call Details

Amdocs will host a conference call on July 21, 2010 at 5 p.m. Eastern Time to discuss the Company's third quarter results. The call will be carried live on the Internet via the Amdocs website, www.amdocs.com.

Non-GAAP Financial Measures

This release includes non-GAAP diluted earnings per share and other non-GAAP financial measures, including free cash flow, non-GAAP cost of service, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP interest and other income (expense), net, non-GAAP income taxes and non-GAAP net income. These non-GAAP measures exclude the following items:

  • amortization of purchased intangible assets and other acquisition related costs;
  • in-process research and development write-off;
  • restructuring charges;
  • equity-based compensation expense;
  • loss from divestiture of a subsidiary; and
  • tax effects related to the above.

These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Amdocs believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Amdocs' results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Amdocs' results of operations in conjunction with the corresponding GAAP measures.

Amdocs believes that the presentation of non-GAAP diluted earnings per share and other financial measures, including free cash flow, non-GAAP cost of service, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP interest and other income (expense), net, non-GAAP income taxes and non-GAAP net income, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations, as well as the net amount of cash generated by its business operations after taking into account capital spending required to maintain or expand the business.

For its internal budgeting process and in monitoring the results of the business, Amdocs' management uses financial statements that do not include amortization of purchased intangible assets, in-process research and development write-off, restructuring charges, equity-based compensation expense, loss from divestiture of a subsidiary, and related tax effects. Amdocs' management also uses the foregoing non-GAAP financial measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Amdocs. In addition, Amdocs believes that significant groups of investors exclude these non-cash expenses in reviewing its results and those of its competitors, because the amounts of the expenses between companies can vary greatly depending on the assumptions used by an individual company in determining the amounts of the expenses.

Amdocs further believes that, where the adjustments used in calculating non-GAAP diluted earnings per share are based on specific, identified amounts that impact different line items in the Consolidated Statements of Income (including cost of service, research and development, selling, general and administrative, operating income, interest and other income (expense), net, income taxes and net income), it is useful to investors to understand how these specific line items in the Consolidated Statements of Income are affected by these adjustments.

Please refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below.

About Amdocs

Amdocs is the market leader in customer experience systems innovation. The company combines business and operational support systems, service delivery platforms, proven services, and deep industry expertise to enable service providers and their customers to do more in the connected world. Amdocs' offerings help service providers explore new business models, differentiate through personalized customer experiences, and streamline operations. A global company with revenue of $2.86 billion in fiscal 2009, Amdocs has over 18,000 employees and serves customers in more than 60 countries worldwide. For more information, visit Amdocs at www.amdocs.com.

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs ability to grow in the business markets that it serves, Amdocs ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2009 filed on December 7, 2009 and in our quarterly 6-Ks filed February 8, 2010 and May 13, 2010.


                                  AMDOCS LIMITED
                         Consolidated Statements of Income
                       (in thousands, except per share data)



                           Three months ended         Nine months ended
                                June 30,                  June 30,
                                --------                  --------
                             2010            2009      2010          2009
                             ----            ----      ----          ----

    Revenue:
      License             $25,592         $26,075   $75,691      $107,879
      Service             727,657         664,190 2,146,338     2,047,309
                          -------         ------- ---------     ---------
                          753,249         690,265 2,222,029     2,155,188
    Operating expenses:
      Cost of license         459             537     1,646         2,097
      Cost of service     480,074         441,777 1,417,729     1,381,825
      Research and
       development         52,253          51,134   153,549       160,113
      Selling, general
       and administrative  93,446          81,732   277,054       256,305
      Amortization of
       purchased
       intangible assets
       and other           21,748          21,839    64,506        63,594
      Restructuring
       charges and in-
       process research
       and development          -               -         -        20,780
                              ---             ---       ---        ------
                          647,980         597,019 1,914,484     1,884,714
                           ------          ------  --------
    Operating income      105,269          93,246   307,545       270,474
    Interest and other
     income (expense),
     net                   (3,768)          2,514   (27,244)       (1,014)
                           ------           -----   -------        ------
    Income before
     income taxes         101,501          95,760   280,301       269,460

    Income taxes            9,236          10,212    31,133        29,035
                             ----           -----     -----
    Net income            $92,265         $85,548  $249,168      $240,425
                          =======         =======  ========      ========
    Basic earnings per
     share                  $0.45          $0.42*     $1.21        $1.18*
                            =====           =====     =====         =====
    Diluted earnings
     per share              $0.45          $0.42*     $1.21        $1.16*
                            =====           =====
    Basic weighted
     average number of
     shares outstanding   203,786        203,951*   205,078      203,784*
                          =======        ========   =======      ========
    Diluted weighted
     average number of
     shares outstanding   205,471        204,252*   206,606      209,322*
                          =======        ========   =======      ========



    *   The basic and diluted weighted average number of shares
    outstanding for the three and nine months ended June 30, 2009 have
    been retroactively adjusted to reflect the adoption of new Earnings
    Per Share authoritative guidance requiring the inclusion of unvested
    share-based payment awards containing nonforfeiture rights to dividends
    or dividend equivalents in the calculation of basic weighted average
    number of shares outstanding. This adjustment reduced basic earnings
    per share by $0.01 for the nine months ended June 30, 2009.


                                      AMDOCS LIMITED
                               Selected Financial Metrics
                         (in thousands, except per share data)

                        Three months ended    Nine months ended
                            June 30,              June 30,
                            2010        2009       2010       2009
                              --          --       ----       ----

    Revenue             $753,249    $690,265 $2,222,029 $2,155,188

    Non-GAAP operating
     income              137,774     124,482    404,379    388,179

    Non-GAAP net income  119,360     108,555    349,357    329,680

    Non-GAAP diluted
     earnings per share    $0.58      $0.53*      $1.69     $1.58*

    Diluted weighted
     average number of
     shares outstanding  205,471    204,252*    206,606   209,322*




    *  The basic and diluted weighted average number of shares
    outstanding for the three and nine months ended
    June 30, 2009 have been retroactively adjusted to reflect the
    adoption of new Earnings Per Share authoritative
    guidance requiring the inclusion of unvested share-based payment
    awards containing nonforfeiture rights to
    dividends or dividend equivalents in the calculation of basic
    weighted average number of shares outstanding.
    This adjustment reduced non-GAAP diluted earnings per share by $0.01
    for the nine months ended June 30, 2009.


                                      AMDOCS LIMITED
            Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP
                                      (in thousands)



                                    Three months ended
                                       June 30, 2010
                                       -------------
                                                   Reconciliation items
                                              ------------------------------
                                              Amortization        Equity
                                 GAAP              of              based
                                 ----          purchased        compensation
                                               intangible         expense
                                               assets and         -------
                                                 other
                                                 -----
    Operating expenses:
       Cost of license             $459               $-             $-
       Cost of service          480,074                -         (4,871)
       Research and
        development              52,253                -         (1,017)
       Selling, general
        and administrative       93,446                -         (4,869)
       Amortization of
        purchased
        intangible
        assets and other         21,748          (21,748)             -
                                 ------          -------            ---
       Total operating
           expenses             647,980          (21,748)       (10,757)
                                -------          -------        -------

    Operating income            105,269           21,748         10,757
                                 ------           ------         ------

    Interest and
     other income
     (expense), net              (3,768)                -              -
                                  -----              ---            ---

    Income taxes                  9,236                -              -
                                   ----              ---            ---

    Net income                  $92,265          $21,748        $10,757
                                -------          -------        -------




                                 Three months ended
                                   June 30, 2010
                                   -------------
                               Reconciliation items
                              ---------------------
                                               Tax
                               Loss from     effect     Non-GAAP
                               Divestiture   ------     --------
                                 of a
                               subsidiary
                              -----------
    Operating expenses:
       Cost of license               $-        $-         $459
       Cost of service                -         -      475,203
       Research and
        development                   -         -       51,236
       Selling, general
        and
        administrative                -         -       88,577
       Amortization of
        purchased
        intangible
        assets and other              -         -            -
                                    ---       ---          ---
       Total operating
           expenses                   -         -      615,475
                                    ---       ---      -------

    Operating income                  -         -      137,774
                                    ---       ---       ------

    Interest and
     other income
     (expense), net               1,599         -       (2,169)
                                  -----       ---        -----

    Income taxes                      -     7,009       16,245
                                    ---     -----       ------

    Net income                   $1,599   $(7,009)    $119,360
                                 ------   -------     --------



                           Three months ended
                              June 30, 2009
                              -------------
                                        Reconciliation items
                                    -------------------------------
                        GAAP        Amortization of    Equity based
                        ----           purchased       compensation
                                       intangible        expense
                                         assets          -------
                                      -----------
    Operating expenses:
      Cost of license      $537              $-                $-
      Cost of service   441,777               -            (6,115)
      Research and
       development       51,134               -            (1,238)
      Selling, general
       and
       administrative    81,732               -            (2,044)
      Amortization of
       purchased
       intangible
       assets and other  21,839         (21,839)                -
    Total operating
     expenses           597,019         (21,839)           (9,397)
                        -------         -------            ------


    Operating income     93,246          21,839             9,397
                          -----          ------             -----

    Income taxes         10,212               -                 -
                          -----             ---               ---

    Net income          $85,548         $21,839            $9,397
                        -------         -------            ------



                             Three months ended
                                June 30, 2009
                                -------------

                        Reconciliation items
                        --------------------
                             Tax effect           Non-GAAP
                             ----------           --------

    Operating expenses:
      Cost of license                $-              $537
      Cost of service                 -           435,662
      Research and
       development                    -            49,896
      Selling, general
       and
       administrative                 -            79,688
      Amortization of
       purchased
       intangible
       assets and other               -                 -
    Total operating
     expenses                         -           565,783
                                    ---           -------

    Operating income                  -           124,482
                                    ---           -------

    Income taxes                  8,229            18,441
                                  -----            ------

    Net income                  $(8,229)         $108,555
                                -------          --------



                               AMDOCS LIMITED
     Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP
                               (in thousands)


                                    Nine months ended
                                      June 30, 2010
                                      -------------

                                                 Reconciliation items
                                              -----------------------------
                                              Amortization
                                GAAP               of          Equity based
                                ----           purchased       compensation
                                               intangible         expense
                                               assets and         -------
                                                 other
                                                 -----

    Operating expenses:
      Cost of license            $1,646               $-            $-
      Cost of service         1,417,729                -       (14,623)
      Research and
       development              153,549                -
                                                                (3,154)
      Selling,
       general and
       administrative           277,054                -
                                                               (14,551)
      Amortization of
       purchased
       intangible
       assets and
       other                     64,506          (64,506)            -
    Total operating
     expenses                 1,914,484          (64,506)      (32,328)
                              ---------          -------       -------

    Operating income            307,545           64,506        32,328
                                -------           ------        ------

    Interest and
     other income
     (expense), net             (27,244)               -
                                 ------              ---
                                                                     -
                                                                   ---

    Income taxes                 31,133                -             -
                                 ------              ---           ---

    Net income                 $249,168          $64,506       $32,328
                               --------          -------       -------



                                 Nine months ended
                                   June 30, 2010
                                   -------------

                               Reconciliation items
                            ------------------------
                              Loss from   Tax effect  Non-GAAP
                             Divestiture  ----------  --------
                                  of
                            a subsidiary
                            ------------
    Operating expenses:
      Cost of license             $-          $-         $1,646
      Cost of service              -           -      1,403,106
      Research and
       development                 -           -        150,395
      Selling,
       general and
       administrative              -           -        262,503
      Amortization of
       purchased
       intangible
       assets and
       other                       -           -              -
    Total operating
     expenses                      -           -      1,817,650
                                 ---         ---      ---------

    Operating
     income                        -           -        404,379
                                 ---         ---        -------

    Interest and
     other income
     (expense), net           23,399                     (3,845)
                             -------                      -----

    Income taxes                   -      20,044         51,177
                                 ---      ------         ------

    Net income               $23,399    $(20,044)      $349,357
                             -------    --------       --------



                               Nine months ended
                                 June 30, 2009
                                 -------------

                                           Reconciliation items
                                         ------------------------------

                           GAAP          Amortization     Restructuring
                                              of           charges and
                           ----           purchased        in-process
                                         intangible        research and
                                            assets         development
                                            ------         -----------
    Operating expenses:
      Cost of license       $2,097                 $-             $-
      Cost of service    1,381,825                  -              -
      Research and
       development         160,113                  -              -
      Selling, general
       and
       administrative      256,305                  -              -
      Amortization of
       purchased
       intangible assets
       and other            63,594            (63,594)             -
      Restructuring
       charges and in-
       process research
       and development      20,780                  -        (20,780)
    Total operating
     expenses            1,884,714            (63,594)       (20,780)
                         ---------            -------        -------

    Operating income       270,474             63,594         20,780
                            ------             ------         ------

    Income taxes            29,035                  -              -
                             -----                ---            ---

    Net income            $240,425            $63,594        $20,780
                          --------            -------        -------



                                  Nine months ended
                                    June 30, 2009
                                    -------------
                               Reconciliation items
                              ----------------------
                                                Tax
                              Equity based    effect      Non-GAAP
                              compensation   -------      --------
                                 expense
                                 -------

    Operating expenses:
      Cost of license                   $-         $-         $2,097
      Cost of service              (16,776)         -      1,365,049
      Research and
       development                  (3,277)         -        156,836
      Selling, general
       and
       administrative              (13,278)         -        243,027
      Amortization of
       purchased
       intangible assets
       and other                         -          -              -
      Restructuring
       charges and  in-
       process research
       and development                   -          -              -
    Total operating
     expenses                      (33,331)         -      1,767,009
                                   -------        ---      ---------

    Operating income                33,331          -        388,179
                                    ------        ---        -------

    Income taxes                         -     28,450         57,485
                                       ---     ------         ------


    Net income                     $33,331   $(28,450)      $329,680
                                   -------   --------       --------


                                   AMDOCS LIMITED
                        Condensed Consolidated Balance Sheets
                                   (in thousands)

                                                             As of
                                                                   September
                                                    June 30,           30,
                                                          2010           2009
                                                          ----           ----

    ASSETS

    Current assets
    Cash, cash equivalents and short-term interest-
     bearing investments                            $1,289,939     $1,173,041
    Accounts receivable, net, including unbilled of
     $65,543 and  $21,749, respectively                506,778        454,965
    Deferred income taxes and taxes receivable         111,560        117,848
    Prepaid expenses and other current assets           84,449        126,704
                                                                      -------
        Total current assets                         1,992,726      1,872,558

    Equipment and leasehold improvements, net          246,728        279,659
    Goodwill and other intangible assets, net        1,877,210      1,766,761
    Other noncurrent assets                            454,101        409,439
    Total assets                                    $4,570,765     $4,328,417

    LIABILITIES AND SHAREHOLDERS' EQUITY

    Current liabilities
    Accounts payable,  accruals and other             $538,138       $415,371
    Deferred revenue                                   167,209        186,158
    Deferred income taxes and taxes payable             19,378          9,338
                                                        ------          -----
        Total current liabilities                      724,725        610,867
    Noncurrent liabilities and other                   550,259        504,497
    Shareholders' equity                             3,295,781      3,213,053
    Total liabilities and shareholders' equity      $4,570,765     $4,328,417
                                                    ==========     ==========



                                     AMDOCS LIMITED
                          Consolidated Statements of Cash Flows
                                     (in thousands)

                                               Nine months ended June 30,
                                               --------------------------
                                                    2010               2009
                                                    ----               ----

    Cash Flow from Operating Activities:
    Net income                                  $249,168           $240,425
      Reconciliation of net income to net
       cash provided by operating activities:
      Depreciation and amortization              146,046            147,869
      Loss from divestiture of a subsidiary       23,399                  -
      In-process research and development              -              5,640
      Loss on sale of equipment                      223                 67
      Equity-based compensation expense           32,328             33,331
      Deferred income taxes                      (14,431)            13,097
      Gain on repurchase of convertible notes          -             (2,185)
      Excess tax benefit from equity-based
       compensation                                 (103)               (10)
      (Gain) loss from short-term interest-
       bearing investments                          (581)             5,821
    Net changes in operating assets and
     liabilities, net of amounts acquired:
      Accounts receivable                        (60,923)            63,843
      Prepaid expenses and other current
       assets                                     33,181              6,875
      Other noncurrent assets                    (23,960)             2,263
      Accounts payable, accrued expenses and
       accrued personnel                         112,705           (139,466)
      Deferred revenue                            22,532              8,815
      Income taxes payable                        16,463            (12,638)
      Noncurrent liabilities and other             1,513            (38,268)
    Net cash provided by operating
     activities                                  537,560            335,479
                                                 -------            -------

    Cash Flow from Investing Activities:
    Payments for purchase of equipment and
     leasehold improvements, net                 (59,504)           (65,045)
    Proceeds from sale of short-term
     interest-bearing investments              1,070,065            601,844
    Purchase of short-term interest-
     bearing investments                      (1,239,792)          (676,472)
    Net cash paid for acquisitions              (199,496)           (61,890)
    Net cash received from divestiture of a
     subsidiary                                   20,336                  -
                                                  ------                ---
    Net cash used in investing activities       (408,391)          (201,563)
                                                --------           --------

    Cash Flow from Financing Activities:
    Borrowing under long-term financing
     arrangements                                      -            450,000
    Payments under long-term financing
     arrangements                                      -           (150,000)
    Redemption and repurchase of
     convertible notes                                 -           (446,795)
    Repurchase of shares                        (208,643)           (20,014)
    Payments under capital lease and short-
     term financing arrangements                    (262)            (3,092)
    Proceeds from employee stock options
     exercised                                    22,025              2,026
    Excess tax benefit from equity-based
     compensation                                    103                 10
    Net cash used in financing activities       (186,777)          (167,865)
                                                --------           --------

    Net decrease in cash and cash
     equivalents                                 (57,608)           (33,949)
    Cash and cash equivalents at beginning
     of period                                   728,762            718,850
                                                 -------            -------
    Cash and cash equivalents at end of
     period                                     $671,154           $684,901
                                                ========           ========



                                         AMDOCS LIMITED
                                    Supplementary Information
                                          (in millions)

                                 Three months ended
                                 ------------------
                    June 30, March 31, December 31, September 30, June 30,
                         2010      2010         2009         2009      2009
                         ----      ----         ----         ----      ----
      North America    $572.3    $572.4       $547.6       $528.0    $527.7
      Europe             80.6      92.1         89.5         93.0      84.4
      Rest of World     100.3      79.5         87.7         86.4      78.2

    Total Revenue      $753.2    $744.0       $724.8       $707.4    $690.3
                       ======    ======       ======       ======    ======





                                        Three months ended
                                        ------------------
                  June 30,  March 31,    December 31,  September 30, June 30,
                     2010        2010          2009           2009       2009
                     ----        ----          ----           ----       ----
      Customer
       Experience
       Systems     $693.0      $689.0        $678.4         $668.6     $647.9
      Directory      60.2        55.0          46.4           38.8       42.4

    Total Revenue  $753.2      $744.0        $724.8         $707.4     $690.3
                   ======      ======        ======         ======     ======




                                          As of
                                          -----
             June 30,   March 31,  December 31,  September 30,  June 30,
                   2010       2010          2009           2009      2009
                   ----       ----          ----           ----      ----
    12-Month
     Backlog     $2,470     $2,460        $2,425         $2,385    $2,370
                 ------     ------        ------         ------    ------



SOURCE Amdocs