Thursday, Amdocs Limited reported earnings for its fiscal first-quarter, ended December 31, 2008. Revenue for the quarter was $753.8 million, an increase of 1.6% from the year-ago period. Net income on a non-GAAP basis was $116.3 million or $0.55 per diluted share, compared to $123.3 million, or $0.56 per diluted share in the first quarter of fiscal 2008. GAAP net income for the quarter was $74.2 million, or $0.35 per diluted share, compared to $95.7 million or $0.44 per diluted share one year prior. Amdocs expects revenue for the second quarter of fiscal 2009 will be about $700-720 million, and GAAP diluted earnings per share to be between $0.34 and $0.39.

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