NEW YORK-Billing software company Amdocs enjoyed a stock rise on its fiscal first-quarter results.
The company’s quarterly revenues rose 3.8 percent to $469.5 million, its highest performance to date.
“In our view, Amdocs has broken away from the pack, and we believe the strong visibility levels and pipeline could yield further upward earnings revisions during fiscal year 2005,” wrote Saul Eyal, a CIBC World Markets analyst.
