Brief: Amdocs To Acquire Mycom Osi In Strategic Growth Move To Assure 5G-Powered Smart World And Monetize New Generation Of Intelligent Services

Amdocs

24/05/2022 21:47

May 24 (Reuters) - Amdocs Ltd  DOX.O :
    * AMDOCS TO ACQUIRE MYCOM OSI IN STRATEGIC GROWTH MOVE TO
ASSURE
5G-POWERED SMART WORLD AND MONETIZE NEW GENERATION OF
INTELLIGENT SERVICES
    * AMDOCS LTD - IMPACT ON GAAP DILUTED EPS WILL NOT BE KNOWN
UNTIL
AFTER AMDOCS COMPLETES PURCHASE PRICE ALLOCATION
    * AMDOCS LTD - BOARD HAS APPROVED TRANSACTION FOR A
CONSIDERATION
OF APPROXIMATELY $188 MILLION IN CASH
    * AMDOCS - REVENUE FROM MYCOM OSI IS EXPECTED TO BE
IMMATERIAL IN
FISCAL 2022 AND WILL ADD LESS THAN 1% TO TOTAL REVENUE ON AN
ANNUALIZED BASIS
    * AMDOCS LTD - IMPACT OF ACQUISITION ON AMDOCS' NON-GAAP
DILUTED
EARNINGS PER SHARE IS EXPECTED TO BE NEUTRAL IN FULL FISCAL
YEARS 2022 AND 2023

Source text for Eikon:  ID:nGNX8d0ckc 
Further company coverage:  DOX.O 

 ((Reuters.Briefs@thomsonreuters.com;))