Amdocs earnings fall on costs, stronger dollar

For the period ended Sept. 30, the company reported net income of $82.7 million, or 38 cents per share, down from $96.2 million, or 43 cents per share, in the prior year's fourth quarter. Excluding one-time charges and stock-based compensation costs, profit totaled 54 cents per share.

Sales rose about 13 percent to $825.3 million from $726.7 million in the quarter.

Analysts polled by Thomson Reuters expected higher earnings of 62 cents per share on revenue of $829 million. Analyst estimates typically exclude one-time items.

Chief Executive Dov Baharav said the company's earnings also suffered under unfavorable currency exchange rates.

"Our earnings per share were adversely impacted by the unprecedented extreme volatility in exchange rates and the rapid strengthening of the U.S. dollar against other currencies," Baharav said.

Shares of Amdocs Ltd. fell $3.63, or 15 percent, to $20 in electronic afterhours trading. Shares fell 43 cents to close the regular session at $23.63.