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Ə- amdocs Amdocs Limited Reports Second Quarter Fiscal 2021 Results Quarterly Revenue of $ 1.05 Billion , Exceeding Midpoint of Guidance Raises Outlook for Accelerated Revenue and Earnings per Share Growth in Fiscal 2021 Solidifies Cloud Domain Leadership with Acquisition of Sourced Group Second Quarter Fiscal 2021 Highlights Revenue of $ 1,049 million , above the midpoint of the $ 1,015- $ 1,055 million guidance range ; revenue included a negative impact from foreign currency movements of approximately $ 1 million compared to our guidance assumptions Record managed services revenue of $ 635 million , equivalent to approximately 61 % of total revenue ● ● ● ● ● ● ● GAAP diluted EPS of $ 0.91 , at the midpoint of the $ 0.87- $ 0.95 guidance range Non - GAAP diluted EPS of $ 1.13 , above the midpoint of the $ 1.09- $ 1.15 guidance range GAAP operating income of $ 149 million ; GAAP operating margin of 14.2 % Non - GAAP operating income of $ 185 million ; increased non - GAAP operating margin of 17.6 % Returned record quarterly cash amount of $ 403 million to shareholders through share repurchases and quarterly cash dividends , including net proceeds received from the divestiture of Open Market Quarterly free cash flow of $ 70 million , comprised of cash flow from operations of $ 120 million , less $ 49 million in net capital expenditures and other ( ¹ ) Normalized free cash flow of $ 133 million ( ¹ ) Twelve - month backlog of $ 3.54 billion up approximately $ 50 million sequentially ; on a pro forma ( 2 ) basis , record twelve - month backlog was up 9.3 % as compared to last year's second fiscal quarter ( 1 ) Please refer to the Selected Financial Metrics tables below ( figures may not sum because of rounding ) . ( 2 ) Pro forma growth rate excludes the financial impact of OpenMarket ( which was divested on December 31 , 2020 ) from the current fiscal year and comparable fiscal year