We maintain our Outperform recommendation for
Amdocs (DOX) following its strong results for the fiscal third
quarter of fiscal 2009. The company has industry-leading
technology integration products for large
transformational projects and managed services.

fundamentals for Amdocs remain firm due to the
transition of telecom service providers to converged and
consolidated solutions. Amdocs maintains a very strong
financial position with healthy order backlog.

the company has won a series of large managed
services contracts in various parts of the world. Except
North America, operations in other regions have started
gaining momentum.
Zacks Investment Research