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Amdocs Limited Reports Third Quarter Fiscal 2021 Results Quarterly Revenue of $ 1.07 Billion , Above Midpoint of Guidance Record 12 - Month Backlog of $ 3.59 Billion on a Pro Forma ( ² ) Basis , up 10.8 % YoY On - Track for Revenue Growth Acceleration in Fiscal 2021 Raises Outlook for Earnings per Share Growth in Fiscal 2021 Third Quarter Fiscal 2021 Highlights Revenue of $ 1,066 million , above the midpoint of the $ 1,040- $ 1,080 million guidance range including a positive impact from foreign currency movements of approximately $ 5 million compared to our guidance assumptions Record managed services revenue of $ 651 million , equivalent to approximately 61 % of total revenue GAAP diluted EPS of $ 1.14 , above the $ 0.91- $ 0.99 guidance range , primarily due to a lower GAAP effective tax rate than anticipated in quarterly guidance Non - GAAP diluted EPS of $ 1.35 , above the $ 1.14- $ 1.20 guidance range , primarily due to a lower non - GAAP effective tax rate than anticipated in quarterly guidance GAAP operating income of $ 155 million ; GAAP operating margin of 14.5 % Non - GAAP operating income of $ 188 million ; non - GAAP operating margin of 17.6 % Quarterly free cash flow of $ 140 million , comprised of cash flow from operations of $ 190 million , less $ 50 million in net capital expenditures and other ( ¹ ) Normalized free cash flow of $ 179 million ( ¹ ) Twelve - month backlog of $ 3.59 billion up approximately $ 50 million sequentially ; on a pro forma ( ² ) basis , record twelve - month backlog , up 10.8 % as compared to last year's third fiscal quarter The board of directors approved a quarterly cash dividend of $ 0.36 per share to be paid on October 29 , 2021 ● ● ● - amdocs ● ● ( 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 ( 3 ) Revenue on a constant currency basis assumes that the exchange rates in the current period were unchanged from the prior period