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## dear Fellow shareholders 

Fiscal 2013 marked another year of solid progress for Amdocs as we won strategically important deals across the globe and further extended our market leadership with the launch of Amdocs CES 9, the most advanced product suite available to service providers today. We also demonstrated the quality of our execution by successfully delivering on a number of major transformational deals. Moreover, we remained focused on continually delivering cost and efficiency improvements across our organization in order to support strategic investments in future growth. 

Demonstrating our commitment to driving long-term shareholder value, we exited fiscal 2013 with record revenues, stable profitability and earnings per share growth that was consistent with the high-end of our expectations at the beginning of the year. In addition, the Board of Directors authorized the company’s first increase in the quarterly cash dividend, subject to approval by shareholders at the upcoming annual meeting. 

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