letter to
shareholders

Dear Fellow Shareholders,

Fiscal 2019 was a good year for Amdocs. We performed well in all areas of our business. We won important new projects and gained new customers across different geographies, executed professionally at existing engagements and innovated throughout our open and dynamic amdocsONE portfolio.

Key financial highlights for fiscal 2019 include:

• Total revenue of $4.1 billion
• GAAP operating margin of 13.9%
• GAAP diluted earnings per share growth of 40.5%
• Non-GAAP operating margin of 17.3%
• Non-GAAP diluted earnings per share growth of 6.9%
• Record 12-month backlog of $3.49 billion, an increase of 4% from a year ago