ISLAND OF GUERNSEY, United Kingdom _ Amdocs Ltd. on Tuesday reported fiscal first-quarter profit of $131 million. For the current quarter ending in March, Amdocs expects its per-share earnings to range from 78 cents to 84 cents. Amdocs shares have increased almost 2 percent since the beginning of the year.
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Shares of Amdocs fell about 10% after the company lowered its revenue outlook for fiscal 2007, adding demand for its products and services was not matching its expectations.