Toronto, Canada
Toronto, Canada

Bell Canada is a Canadian telecommunications and media company headquartered in Montreal, Quebec. Including its subsidiaries Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for telephone and DSL Internet services in most of Canada east of Manitoba and in the northern territories, and a major competitive local exchange carrier for enterprise customers in the western provinces. Its subsidiary Bell Mobility is one of Canada's "big three" mobile telecommunications providers, while Bell TV providess direct-to-home satellite TV service. Bell Canada's principal competition is Rogers Communications in a majority of its service territory. The company, which serves a total of over 13 million phone lines, is headquartered at the Campus Bell complex in Montreal.Bell Canada is one of the main assets of the conglomerate BCE Inc., formerly known as Bell Canada Enterprises, Inc. In addition to its core telecommunications operations, BCE owns Bell Media, which operates media properties including the CTV Television Network. BCE owns 18% of the Montreal Canadiens ice hockey club, and a 37.5% interest in Maple Leaf Sports & Entertainment, owner of several Toronto professional sports franchises. BCE ranked number 262 on the 2011 edition of the Forbes Global 2000 list. Wikipedia.

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News Article | May 25, 2017
Site: www.businesswire.com

SAN JOSE, Calif.--(BUSINESS WIRE)--Netformx®, the leader in sales enablement and profit acceleration platforms for IT solution providers, announced today that the Netformx Digital Ecosystem as a Service (ESaaS) was recognized by Pipeline at their 2017 Innovation Awards gala in Nice, France on May 15. Netformx ESaaS was recognized first as a semi-finalist and then as one of the two finalists for its groundbreaking advances in Business Support Systems (BSS) category, which included the areas of ordering, charging, billing, revenue management, and other functions. The cloud-based Netformx Ecosystem as a Service takes a holistic approach to Enterprise sales enablement and profit acceleration that speeds IT digital transformations. Through collaboration, analytics, and a wealth of supporting information, the Netformx ESaaS integrates business and IT design functions into a comprehensive and coordinated whole that improves quality and profitability and thereby ensures customer satisfaction. With this new ESaaS approach, solution providers can now efficiently design, analyze, and sell IT offerings from pre- to post-sales while unlocking customer and business insights that impact profitability. “Congratulations to Netformx for being a 2017 Pipeline Innovation Awards finalist in the BSS category. Netformx ESaaS was selected from a field of more than 100 nominations, including some of the largest technology providers in the industry, through a rigorous evaluation process that objectively assessed the company, technology, and level of innovation,” said Scott St. John, Pipeline Magazine Publisher and Managing Editor. “The recognition provided by the Innovation Award judges, comprised of an esteemed panel of key executives from top service providers and influential analysts, validates technology advancements Netformx is making in this space.” “We are proud that Netformx ESaaS has been recognized for its innovations, enabling solution providers to sell IT solutions more effectively to Enterprises,” said Ittai Bareket, Netformx CEO. “Our unique combination of powerful intelligent, collaborative, and automated solutions bring increased margins and competitive advantage to our clients as well as increased productivity to their design, sales, and operations teams.” Netformx is the leader in sales enablement and profit acceleration platforms for solution providers. Netformx delivers a Digital Ecosystem as a Service (ESaaS), which enables IT solution providers to design, analyze, and sell winning and implementable multivendor solutions for Enterprise customers, while operating their businesses profitably. Netformx accelerates solution provider profits by providing powerful business intelligence, actionable insights, collaboration, and automation that connect people, information, and processes. The result is increased competitiveness and productivity across the sales lifecycle. Netformx has over 2,000 service provider, systems integrator, and technology vendor customers in more than 120 countries including ALE, AT&T, Bell Canada, British Telecom, CDW, Cisco, Dimension Data, Insight, Juniper, Optus, Orange Business Services, Sprint, and Telstra. Our comprehensive KnowledgeBase™ contains client and vendor products, services, and program compliance data from vendors such as Cisco, ALE, Brocade, Check Point, EMC, Juniper, Avaya, APC, Belden, Jabra, and Riverbed. The wide-ranging, up-to-date data enable our customers to quickly create accurate designs and proposals and to maximize profitability. More information can be found at www.Netformx.com.


News Article | May 11, 2017
Site: www.accesswire.com

SANTA MONICA, CA / ACCESSWIRE / May 11, 2017 / FanDom Sports Media Corp. (CSE: FDM) (OTCQB: FDMSF) (FRANKFURT: TQ42) ("FanDom Sports" or the "Company") is pleased to announce the Company is the lead sponsor for sportscaster James Duthie's Rubber Boots Podcast. The Rubber Boots Podcast is an all-new podcast where TSN's (The Sports Network) James Duthie is joined by TSN staffers Lester McLean, Sean 'Puffy' Cameron and a special guest each episode to chat about daily sports and just about anything else. The podcast has a large audience of listeners from across North America. You can subscribe and listen to the full podcast at: iTunes / SoundCloud / Google Play / tsn.ca/Duthie. James Duthie is a Canadian sportscaster for TSN. He is currently the host of TSN Hockey, as well as The Grey Cup, The Super Bowl, The Masters, and the new James Duthie Rubber Boots Podcast. In the past, he has hosted CFL Live, NBA on TSN, SportsCentre, and hosted the 2010 and 2012 Olympics on CTV, He has a bachelor's degree in journalism from Carleton University. Duthie has received 3 Gemini Awards and 2 Canadian Screen Awards for Best Sportscaster in Canada for his various roles. Before moving to TSN in 1998, he worked at VTV in Vancouver and CJOH, the CTV affiliate in Ottawa. At CTV Ottawa, he won an International Edward R. Murrow Award for news reporting. Duthie is the author of three best-selling books: The Guy On The Left, The Day I Almost Killed Two Gretzky's, and They Call Me Killer. CEO of FanDom Sports Media Blair Naughty stated "We are thrilled to be the lead advertiser of James Duthie's new podcast. James is widely recognized as one of Canada's brightest sports broadcasters." James Duthie commented, "We are thrilled that FanDom has come on board as a sponsor of our podcast. It's a perfect fit. A big part of what we do is have fun talking about and debating sports, which is exactly what FanDom is about." The Sports Network (TSN) was established in 1984 as Canada's first national television network devoted exclusively to sports. It was established by the Labatt Brewing Company as part of the first group of Canadian specialty cable channels. Since 2001, TSN has been majority-owned by communications conglomerate Bell Canada, through its broadcasting subsidiary Bell Media, with a minority stake held by US sports broadcaster ESPN Inc. via a 20% share in the Bell Media. TSN is the largest specialty channel in Canada in terms of gross revenue, with a total of $400.4 million in revenue in 2013, and over 8 million subscribers. TSN programming runs the gamut from the most prestigious sporting events, both professional and amateur, to those just emerging onto the sports scene, and its content is predominantly Canadian. FanDom Sports is a comprehensive mobile sports experience, giving the sports fan a front row seat to the hottest debates in sports. All Day, Every Day. The one thing that sports fans love more than watching their favorite sport is arguing about the game and the athletes! With the FanDom Sports App - you fight with your thumbs, not your fists! FanDom Sports Media Corp. is an aggregator, curator and producer of unique fan-focused content offered on a category-specific, social network and delivered through the FanDom Sports Media mobile app. We tap into the passion of fans by providing an engaging social platform for the world's most enthusiastic sports fans to share, compare, moan, whine, gloat and trash talk about the sports, teams, players, fans and owners they love, hate and love to hate. Our unique approach will blend curated content with user generated content while providing access to athletes and celebrities both on-line and at local sponsored events. To find out more about FanDom Sports, please contact investor relations at 604-346-7613. You may also visit the Company's website at www.fandomsportsmedia.com On Behalf of the Company The CSE has not reviewed and does not accept responsibility for the adequacy and accuracy of this information. This news release may contain forward-looking statements. These forward-looking statements do not guarantee future events or performance and should not be relied upon. Actual outcomes may differ materially due to any number of factors and uncertainties, many of which are beyond the Company's control. Some of these risks and uncertainties may be described in the Company's corporate filings (posted at www.sedar.com). The Company has no intention or obligation to update or revise any forward looking statements due to new information or events.


News Article | May 9, 2017
Site: globenewswire.com

ST. LOUIS, May 09, 2017 (GLOBE NEWSWIRE) -- Amdocs Limited (NASDAQ:DOX) today reported operating results for the three months ended March 31, 2017. “We are pleased with our performance in the second fiscal quarter, during which we maintained our relentless focus on execution to produce record revenue and stable profitability. Indeed, we successfully delivered on dozens of transformation project milestones during Q2, a key highlight of which was the go-live of a single real-time convergent charging system for KT Corporation, South Korea’s largest quad-play service provider. At the same time, we continued to see healthy rates of service renewals among long-standing Amdocs and former Comverse customers, which we believe demonstrates the unique combination of industry-leading innovation and dependability we have consistently brought to service providers over the years,” said Eli Gelman, president and chief executive officer of Amdocs Management Limited. Gelman continued, “Regarding our strategic growth engines, we have made important additional progress in network functions virtualization (NFV), an area in which Amdocs is one of the first technology companies to invest and lead. Earlier in Q2, Linux Foundation announced the creation of the Open Network Automation Platform (ONAP), a majority of which is based on open ECOMP code that Amdocs co-developed in collaboration with AT&T. Moreover, we believe ONAP is fast becoming the de facto standard for NFV which will help to accelerate industry adoption by communication service providers. Along these lines, we are today excited to report that Amdocs has been selected by Bell Canada as the strategic partner to co-develop its Network Service Orchestrator (NSO) platform and to help integrate ONAP components into Bell’s NSO platform. This partnership supports Bell Canada’s focus on leading broadband service innovation and reducing time to market for new virtual enterprise services.” Gelman concluded, “We enter the second fiscal half with a demonstrated ability to bring customer value through the strength of our unique business model. With the visibility provided by our record 12-month backlog we are on-track to meet our financial targets for the full fiscal year. These include free cash flow generation of approximately $500 million, a majority of which we still plan to return to shareholders in fiscal 2017 while retaining capacity for M&A as opportunities arise.” Revenue for the second fiscal quarter ended March 31, 2017 was $966.0 million, up 1.2% or $11.3 million sequentially from the first fiscal quarter of 2017 and up 4.3% as compared to last year’s second fiscal quarter. Revenue for the second fiscal quarter of 2017 includes a positive impact from foreign currency movements of approximately $3 million relative to the first quarter of fiscal 2017. Revenue was at the midpoint of Amdocs’ guidance, excluding foreign currency movements. The Company's GAAP net income for the second quarter of fiscal 2017 was $112.6 million, or $0.76 per diluted share, compared to GAAP net income of $107.7 million, or $0.71 per diluted share, in the prior fiscal year’s second quarter. Net income on a non-GAAP basis was $139.2 million, or $0.94 per diluted share, compared to non-GAAP net income of $140.2 million, or $0.92 per diluted share, in the second quarter of fiscal 2016. Twelve-month backlog, which includes anticipated revenue related to contracts, estimated revenue from managed services contracts, letters of intent, maintenance and estimated on-going support activities, was $3.21 billion at the end of the second quarter of fiscal 2017, up $30 million from the end of the prior quarter. Our third fiscal quarter 2017 and full year fiscal 2017 outlook takes into consideration the company’s expectations regarding macro and industry specific risks and various uncertainties and certain assumptions that we will discuss on our earnings conference call. However, Amdocs notes market dynamics continue to shift rapidly and that it cannot predict all possible outcomes, including those resulting from AT&T’s proposed merger with Time Warner or from other current and potential customer consolidation activity in North America. Amdocs will host a conference call on May 9, 2017 at 5:00 p.m. Eastern Time to discuss the Company's second quarter of fiscal 2017 results. To participate, please dial +1 (844) 513-7152, or +1 (508) 637-5600 outside the United States, approximately 15 minutes before the call and enter passcode 98211383. The call will also be carried live on the Internet via the Amdocs website, www.amdocs.com. This release includes non-GAAP diluted earnings per share and other non-GAAP financial measures, including free cash flow, non-GAAP cost of revenue, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes, non-GAAP net income and non-GAAP diluted earnings per share growth. These non-GAAP measures exclude the following items: These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Amdocs believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Amdocs’ results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Amdocs’ results of operations in conjunction with the corresponding GAAP measures. Amdocs believes that the presentation of non-GAAP diluted earnings per share and other financial measures, including free cash flow, non-GAAP cost of revenue, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes, non-GAAP net income and non-GAAP diluted earnings per share growth when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations, as well as the net amount of cash generated by its business operations after taking into account capital spending required to maintain or expand the business. For its internal budgeting process and in monitoring the results of the business, Amdocs’ management uses financial statements that do not include amortization of purchased intangible assets and other acquisition-related costs, changes in fair value of certain acquisition-related liabilities, equity-based compensation expense and related tax effects. Amdocs’ management also uses the foregoing non-GAAP financial measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Amdocs. In addition, Amdocs believes that significant groups of investors exclude these items in reviewing its results and those of its competitors, because the amounts of the items between companies can vary greatly depending on the assumptions used by an individual company in determining the amounts of the items. Amdocs further believes that, where the adjustments used in calculating non-GAAP diluted earnings per share are based on specific, identified amounts that impact different line items in the Consolidated Statements of Income (including cost of revenue, research and development, selling, general and administrative, operating income, income taxes and net income), it is useful to investors to understand how these specific line items in the Consolidated Statements of Income are affected by these adjustments. Please refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below. Amdocs is a leading software and services provider to the world’s most successful communications and media companies. As our customers reinvent themselves, we enable their digital and network transformation through innovative solutions, delivery expertise and intelligent operations. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.7 billion in fiscal 2016. For more information, visit Amdocs at www.amdocs.com. 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, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2016 filed on December 12, 2016 and our Form 6-K furnished for the first quarter of fiscal 2017 on February 13, 2017.


VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 12, 2017) - Glance Technologies Inc. (CSE:GET)(CSE:GET.CN)(CNSX:GET)(CSE:GET.WT)(CSE:GET.WT.CN)(CNSX:GET.WT)(OTCQB:GLNNF)(FRANKFURT:GJT) announces that it has appointed Debra Williams, based in Toronto, Ontario, as a consultant to its Strategic Advisory Board. "I am very excited and honoured to have the opportunity to work with the outstanding leadership team and board members of Glance to continue the rapid development and adoption of a game changing, innovative payment system," says Debra Williams. "Glance Pay has a tremendous opportunity as an early adopter to capture leading market share and loyalty with its users." Debra is a Digital Transformation Executive Strategist who worked formerly with IBM's North American executive staff, helping the world's most successful companies adopt and execute next generation innovative solutions focusing on enhancing customer experience and engagement. Ms. Williams initially joined IBM as a member of their Global Business Services team responsible for building and leading their National Strategy Practice focusing on client transformation surrounding big data, analytics and optimization. Ms. Williams is an industry thought leader in retail, communications, media and entertainment that has held several senior executive positions with leading technology firms such as Vice President of Teradata (NYSE:TDC), Director of Professional Services North America of MicroStrategy (NASDAQ:NSTR), Director for Professional Strategic Consulting Services of Bell Canada, and Director of National Business Development and later Director of National Strategic Accounts of Rogers Communications. In 2006, she co-founded SeaBlue Inc., a technology strategy consulting firm, building on her business, technology and industry strength along with her extensive high profile client base and team of elite industry consultants providing thought leadership, technical advisory services and strategy execution driving real business outcomes utilizing the breadth of the extensive innovative solutions in the market. Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and Android formats, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing. For more information about Glance, please go to: Glance Technology's website Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | May 11, 2017
Site: marketersmedia.com

The podcast has a large audience of listeners from across North America. You can subscribe and listen to the full podcast at: iTunes / SoundCloud / Google Play / tsn.ca/Duthie. James Duthie is a Canadian sportscaster for TSN. He is currently the host of TSN Hockey, as well as The Grey Cup, The Super Bowl, The Masters, and the new James Duthie Rubber Boots Podcast. In the past, he has hosted CFL Live, NBA on TSN, SportsCentre, and hosted the 2010 and 2012 Olympics on CTV, He has a bachelor's degree in journalism from Carleton University. Duthie has received 3 Gemini Awards and 2 Canadian Screen Awards for Best Sportscaster in Canada for his various roles. Before moving to TSN in 1998, he worked at VTV in Vancouver and CJOH, the CTV affiliate in Ottawa. At CTV Ottawa, he won an International Edward R. Murrow Award for news reporting. Duthie is the author of three best-selling books: The Guy On The Left, The Day I Almost Killed Two Gretzky's, and They Call Me Killer. CEO of FanDom Sports Media Blair Naughty stated "We are thrilled to be the lead advertiser of James Duthie's new podcast. James is widely recognized as one of Canada's brightest sports broadcasters." James Duthie commented, "We are thrilled that FanDom has come on board as a sponsor of our podcast. It's a perfect fit. A big part of what we do is have fun talking about and debating sports, which is exactly what FanDom is about." The Sports Network (TSN) was established in 1984 as Canada's first national television network devoted exclusively to sports. It was established by the Labatt Brewing Company as part of the first group of Canadian specialty cable channels. Since 2001, TSN has been majority-owned by communications conglomerate Bell Canada, through its broadcasting subsidiary Bell Media, with a minority stake held by US sports broadcaster ESPN Inc. via a 20% share in the Bell Media. TSN is the largest specialty channel in Canada in terms of gross revenue, with a total of $400.4 million in revenue in 2013, and over 8 million subscribers. TSN programming runs the gamut from the most prestigious sporting events, both professional and amateur, to those just emerging onto the sports scene, and its content is predominantly Canadian. FanDom Sports is a comprehensive mobile sports experience, giving the sports fan a front row seat to the hottest debates in sports. All Day, Every Day. The one thing that sports fans love more than watching their favorite sport is arguing about the game and the athletes! With the FanDom Sports App - you fight with your thumbs, not your fists! FanDom Sports Media Corp. is an aggregator, curator and producer of unique fan-focused content offered on a category-specific, social network and delivered through the FanDom Sports Media mobile app. We tap into the passion of fans by providing an engaging social platform for the world's most enthusiastic sports fans to share, compare, moan, whine, gloat and trash talk about the sports, teams, players, fans and owners they love, hate and love to hate. Our unique approach will blend curated content with user generated content while providing access to athletes and celebrities both on-line and at local sponsored events. To find out more about FanDom Sports, please contact investor relations at 604-346-7613. You may also visit the Company's website at www.fandomsportsmedia.com On Behalf of the Company The CSE has not reviewed and does not accept responsibility for the adequacy and accuracy of this information. This news release may contain forward-looking statements. These forward-looking statements do not guarantee future events or performance and should not be relied upon. Actual outcomes may differ materially due to any number of factors and uncertainties, many of which are beyond the Company's control. Some of these risks and uncertainties may be described in the Company's corporate filings (posted at www.sedar.com). The Company has no intention or obligation to update or revise any forward looking statements due to new information or events.


MONTRÉAL, May 9, 2017 /PRNewswire/ - Bell Canada announced on May 1, 2017 that it would redeem on May 12, 2017 (the "Redemption Date"), prior to maturity, all of its outstanding $350,000,000 principal amount of 4.37% Debentures, Series M-35, due September 13, 2017 (the "Series M-35 Debentures"). Today, Bell Canada has determined the redemption price payable for the Series M-35 Debentures on the Redemption Date, according to the terms of such debentures. The redemption price for the Series M-35 Debentures must be equal to the greater of the "Canada Yield Price" and the principal amount of the Series M-35 Debentures, together in each case with accrued and unpaid interest up to, but excluding, the Redemption Date. The "Canada Yield Price", calculated today in accordance with the terms of the Series M-35 Debentures, is $1,011.110 per $1,000 of principal amount. Accordingly, the Series M-35 Debentures will be redeemed on the Redemption Date at a price equal to $1,011.110 per $1,000 of principal amount of debentures plus $7.184 for accrued and unpaid interest up to, but excluding, the Redemption Date.


News Article | May 9, 2017
Site: globenewswire.com

ST. LOUIS, May 09, 2017 (GLOBE NEWSWIRE) -- Amdocs Limited (NASDAQ:DOX) today reported operating results for the three months ended March 31, 2017. “We are pleased with our performance in the second fiscal quarter, during which we maintained our relentless focus on execution to produce record revenue and stable profitability. Indeed, we successfully delivered on dozens of transformation project milestones during Q2, a key highlight of which was the go-live of a single real-time convergent charging system for KT Corporation, South Korea’s largest quad-play service provider. At the same time, we continued to see healthy rates of service renewals among long-standing Amdocs and former Comverse customers, which we believe demonstrates the unique combination of industry-leading innovation and dependability we have consistently brought to service providers over the years,” said Eli Gelman, president and chief executive officer of Amdocs Management Limited. Gelman continued, “Regarding our strategic growth engines, we have made important additional progress in network functions virtualization (NFV), an area in which Amdocs is one of the first technology companies to invest and lead. Earlier in Q2, Linux Foundation announced the creation of the Open Network Automation Platform (ONAP), a majority of which is based on open ECOMP code that Amdocs co-developed in collaboration with AT&T. Moreover, we believe ONAP is fast becoming the de facto standard for NFV which will help to accelerate industry adoption by communication service providers. Along these lines, we are today excited to report that Amdocs has been selected by Bell Canada as the strategic partner to co-develop its Network Service Orchestrator (NSO) platform and to help integrate ONAP components into Bell’s NSO platform. This partnership supports Bell Canada’s focus on leading broadband service innovation and reducing time to market for new virtual enterprise services.” Gelman concluded, “We enter the second fiscal half with a demonstrated ability to bring customer value through the strength of our unique business model. With the visibility provided by our record 12-month backlog we are on-track to meet our financial targets for the full fiscal year. These include free cash flow generation of approximately $500 million, a majority of which we still plan to return to shareholders in fiscal 2017 while retaining capacity for M&A as opportunities arise.” Revenue for the second fiscal quarter ended March 31, 2017 was $966.0 million, up 1.2% or $11.3 million sequentially from the first fiscal quarter of 2017 and up 4.3% as compared to last year’s second fiscal quarter. Revenue for the second fiscal quarter of 2017 includes a positive impact from foreign currency movements of approximately $3 million relative to the first quarter of fiscal 2017. Revenue was at the midpoint of Amdocs’ guidance, excluding foreign currency movements. The Company's GAAP net income for the second quarter of fiscal 2017 was $112.6 million, or $0.76 per diluted share, compared to GAAP net income of $107.7 million, or $0.71 per diluted share, in the prior fiscal year’s second quarter. Net income on a non-GAAP basis was $139.2 million, or $0.94 per diluted share, compared to non-GAAP net income of $140.2 million, or $0.92 per diluted share, in the second quarter of fiscal 2016. Twelve-month backlog, which includes anticipated revenue related to contracts, estimated revenue from managed services contracts, letters of intent, maintenance and estimated on-going support activities, was $3.21 billion at the end of the second quarter of fiscal 2017, up $30 million from the end of the prior quarter. Our third fiscal quarter 2017 and full year fiscal 2017 outlook takes into consideration the company’s expectations regarding macro and industry specific risks and various uncertainties and certain assumptions that we will discuss on our earnings conference call. However, Amdocs notes market dynamics continue to shift rapidly and that it cannot predict all possible outcomes, including those resulting from AT&T’s proposed merger with Time Warner or from other current and potential customer consolidation activity in North America. Amdocs will host a conference call on May 9, 2017 at 5:00 p.m. Eastern Time to discuss the Company's second quarter of fiscal 2017 results. To participate, please dial +1 (844) 513-7152, or +1 (508) 637-5600 outside the United States, approximately 15 minutes before the call and enter passcode 98211383. The call will also be carried live on the Internet via the Amdocs website, www.amdocs.com. This release includes non-GAAP diluted earnings per share and other non-GAAP financial measures, including free cash flow, non-GAAP cost of revenue, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes, non-GAAP net income and non-GAAP diluted earnings per share growth. These non-GAAP measures exclude the following items: These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Amdocs believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Amdocs’ results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Amdocs’ results of operations in conjunction with the corresponding GAAP measures. Amdocs believes that the presentation of non-GAAP diluted earnings per share and other financial measures, including free cash flow, non-GAAP cost of revenue, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes, non-GAAP net income and non-GAAP diluted earnings per share growth when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations, as well as the net amount of cash generated by its business operations after taking into account capital spending required to maintain or expand the business. For its internal budgeting process and in monitoring the results of the business, Amdocs’ management uses financial statements that do not include amortization of purchased intangible assets and other acquisition-related costs, changes in fair value of certain acquisition-related liabilities, equity-based compensation expense and related tax effects. Amdocs’ management also uses the foregoing non-GAAP financial measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Amdocs. In addition, Amdocs believes that significant groups of investors exclude these items in reviewing its results and those of its competitors, because the amounts of the items between companies can vary greatly depending on the assumptions used by an individual company in determining the amounts of the items. Amdocs further believes that, where the adjustments used in calculating non-GAAP diluted earnings per share are based on specific, identified amounts that impact different line items in the Consolidated Statements of Income (including cost of revenue, research and development, selling, general and administrative, operating income, income taxes and net income), it is useful to investors to understand how these specific line items in the Consolidated Statements of Income are affected by these adjustments. Please refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below. Amdocs is a leading software and services provider to the world’s most successful communications and media companies. As our customers reinvent themselves, we enable their digital and network transformation through innovative solutions, delivery expertise and intelligent operations. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.7 billion in fiscal 2016. For more information, visit Amdocs at www.amdocs.com. 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, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2016 filed on December 12, 2016 and our Form 6-K furnished for the first quarter of fiscal 2017 on February 13, 2017.


Global payment processing provider Payscout, Inc., is announcing a panel on Virtual Reality (VR) and the Monetisation of Immersive Content for the large-track program of Money20/20 Europe in Copenhagen Denmark on June 27, 2017. Money20/20, “the global platform that inspires and enables innovators to create the future of money,” is the world’s largest FinTech event, serving as a key industry benchmark and global hub for new deals and business development. In its first year, Money20/20 Europe event welcomed 3,725 attendees, including 500 CEOs from 1,500 companies and 70 countries. The VR panel coincides with the launch of Payscout’s VR Commerce solution and will feature the unveiling of an immersive 360-degree shopping experience via an exported video recording of a real transaction in VR. The VR panel will be moderated by Payscout Co-Founder and CEO, Cleveland Brown, who will appear alongside Dr. Danny Lange, VP of Artificial Intelligence (AI) and Machine Learning at Unity Technologies; Bill Gajda, SVP, Global Head, Innovation, VISA; and Trevor Pollard, VP of Architecture and Design at Westfield. Together, the group will share their thought-leading insider insights on the monetisation of VR content and challenge industry expectations surrounding this emerging technology. Dr. Danny Lange is Vice President of AI and Machine Learning at Unity Technologies where he leads multiple initiatives in the field of applied Artificial Intelligence. Unity is the creator of a flexible and high-performance end-to-end development platform used to create rich interactive 2D, 3D, VR, and AR experiences. Previously, Danny was Head of Machine Learning at Uber, where he led the efforts to build a highly scalable Machine Learning platform to support all parts of Uber’s business from the Uber App to self-driving cars. Before joining Uber, Danny was General Manager of Amazon Machine Learning providing internal teams with access to machine intelligence. He also launched an Amazon Web Services product that offers Machine Learning as a Cloud Service to the public. Prior to Amazon, he was Principal Development Manager at Microsoft where he led a product team focused on large-scale Machine Learning for Big Data. Danny spent eight years on Speech Recognition Systems, first as CTO of General Magic, Inc., and then as founder of his own company, Vocomo Software. During this time he was working on General Motor’s OnStar Virtual Advisor, one of the largest deployments of an intelligent personal assistant until Siri. Danny started his career as a Computer Scientist at IBM Research. Danny holds MS and Ph.D. degrees in Computer Science from the Technical University of Denmark. He is a member of ACM and IEEE Computer Society and has numerous patents to his credit. Bill Gajda is the Global Head of Innovation and Strategic Partnerships at VISA, responsible for VISA’s Innovation programs and activities in Europe and CEMEA. He is also responsible for VISA’s global relationships with Mobile Operators and leads the ‘VISA Ready’ and Venture Capital programs. He began at VISA as the Global Head for VISA Mobile, responsible for VISA’s mobile product and commercial strategies and activities. Prior to joining VISA, Gajda was Chief Commercial Officer for the GSMA. In this role, he was responsible for business development, as well as led the GSMA’s Mobile Money, Mobile Innovation, Mobile Advertising, and Strategic Partner Programs. Bill was previously Chief Marketing Officer at the GSMA, where he was responsible for the Mobile World Congress, as well as marketing, corporate communications and member services. Gajda has held other executive positions elsewhere in the telecom sector, including: Vice President, Corporate and Marketing Communications for TELUS Corporation, Vice President, Communications for Bell Canada International and Global Brand Director for Ericsson in Stockholm. His first position was in the Canadian public service, where he directed communications on constitutional affairs, international trade and environmental issues. Trevor Pollard is the Vice President of Architecture and Design at Westfield where he uses his creative and analytical skills to design places for social experiences. In this capacity, he leads interdisciplinary teams through the creative process for development, repositioning and new frontier projects. In addition to being instrumental in the design and construction of many Westfield projects, Trevor has led initiatives looking at the future of shopping as well as the future of the traveler journey as it related to the Westfield airport experience, working with innovation companies like IDEO along with Westfield Labs. Prior to Joining Westfield in 2004, Trevor worked with world-renowned design firms Altoon and Porter and the Jerde Partnership on significant domestic and international projects, including innovative planning projects, shopping centers, hotels, casinos, residential, and mixed use projects. “Payscout Supports the Entrepreneurial Dream One Transaction at a Time.” Payscout is a global payment processing provider covering six continents by connecting merchants and consumers via credit, debit, ATM, and alternative payment networks. What differentiates Payscout is its mission, “to support the entrepreneurial dream one transaction at a time.” Payscout achieves this by being a thought leader in the payments industry. Its “Go Global Now” technology platform gives merchants instant access to 100+ countries, billions of consumers and trillions of dollars. Payscout offers payment processing solutions for brick-and-mortar and ecommerce transactions, and has earned acclaim as a new-generation provider of merchant banking services, specializing in online/ecommerce retailers with a predominant proportion of card-not-present (CNP) transactions; it is one of the few providers to deliver a true global payment solution that encompasses all merchant risk verticals. Customers can access Payscout’s credit card processing services via a state-of-the-art, web-based user portal and through direct interactions with highly-trained experts. In addition to supporting thousands of clients across a multitude of industries and all 50 American states, Payscout maintains global partnerships with VISA USA, Bank of America Merchant Services, VISA Europe, VISA Latin America, VISA Asia Pacific, MasterCard Worldwide, China Union Pay, Deutsche Bank, and First Data. Payscout was recognized as one of America’s fastest-growing privately-held companies in 2014, 2015, and 2016, ranking #2,416 in 2014, #434 in 2015, and #383 in 2016 on Inc. Magazine’s Inc. 500/5000 list. Within the financial services industry, Payscout placed #140 in 2014, #24 in 2015, and #27 in 2016. Payscout was also ranked #17 among medium-sized companies on Entrepreneur’s Top Company Cultures list for 2017. For more information, visit http://www.payscout.com/virtual-reality-vr-commerce.

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