Amdocs Limited Announces $400 Million Share Repurchase Plan

Aug 09, 2007, 01:00 ET from Amdocs Limited

    ST. LOUIS, Aug. 9 /PRNewswire-FirstCall/ -- Amdocs Limited (NYSE:   DOX)
 today announced that its board of directors has authorized a share
 repurchase plan allowing the repurchase of up to $400 million of its
 outstanding ordinary shares. The authorization permits Amdocs to purchase
 its ordinary shares in open market or privately negotiated transactions at
 times and prices considered appropriate by the Company.
     About Amdocs
     Amdocs is the market leader in customer experience systems innovation,
 enabling world-leading service providers to deliver an integrated,
 innovative and the intentional customer experience(TM) -- at every point of
 service. Amdocs provides solutions that deliver customer experience
 excellence, combining the software, service and expertise to help our
 customers execute their strategies and achieve service, operational &
 financial excellence. A global company with revenue of $2.48 billion in
 fiscal 2006, Amdocs has over 16,000 employees and serves customers in more
 than 50 countries around the world. For more information, visit Amdocs at
     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, 2006 and in our
 quarterly Form 6-K furnished on February 6, May 11 and August 6, 2007.
     Thomas G. O'Brien
     Treasurer and Vice President of Investor Relations
     Amdocs Limited

SOURCE Amdocs Limited