<SEC-DOCUMENT>0000950123-11-027682.txt : 20110520
<SEC-HEADER>0000950123-11-027682.hdr.sgml : 20110520
<ACCEPTANCE-DATETIME>20110322144821
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-11-027682
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20110322

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMDOCS LTD
		CENTRAL INDEX KEY:			0001062579
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 5, TOWER HILL HOUSE LE BORDAGE
		STREET 2:		ST PETER PORT
		CITY:			ISLAND OF GUERNSEY
		STATE:			X0
		ZIP:			GY1 3QT
		BUSINESS PHONE:		011-44-1481-728444

	MAIL ADDRESS:	
		STREET 1:		SUITE 5, TOWER HILL HOUSE LE BORDAGE
		STREET 2:		ST PETER PORT
		CITY:			ISLAND OF GUERNSEY
		STATE:			X0
		ZIP:			GY1 3QT
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<TITLE>corresp</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="y90430by9043002.gif" alt="(WILMERHALE LOGO)"><BR>
<BR>
<IMG src="y90430by9043003.gif" alt="(GRAPHIC)">
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">March&nbsp;22, 2011
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>By EDGAR Submission</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Securities and Exchange Commission<BR>
Division of Corporation Finance<BR>
100 F Street, NE<BR>
Mail Stop 4561<BR>
Washington, DC 20549<BR>
Attention: Jaime John

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">Re:&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="FONT-variant: SMALL-CAPS"></FONT> <FONT style="FONT-variant: SMALL-CAPS">Amdocs Limited</FONT><BR>
Form 20-F for the Fiscal Year Ended September&nbsp;30, 2010<BR>
Filed December&nbsp;7, 2010<BR>
File No.&nbsp;001-14840</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ladies and Gentlemen:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This letter is in response to the letter to Amdocs Limited (&#147;Amdocs&#148; or the &#147;Company&#148;) dated March
8, 2011 from Patrick Gilmore, Accounting Branch Chief, on behalf of the Staff (the &#147;Staff&#148;) of the
U.S. Securities and Exchange Commission (the &#147;Commission&#148;), to Thomas G. O&#146;Brien, Treasurer and
Secretary of Amdocs. The comment letter relates to the Company&#146;s Annual Report on Form 20-F for
the fiscal year ended September&nbsp;30, 2010 filed December&nbsp;7, 2010, as amended (the &#147;Form&nbsp;20-F&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For convenient reference, we have included below each of the Staff&#146;s comments set forth in the
comment letter and have keyed the Company&#146;s responses to the numbering of the comments and the
headings used in the comment letter. All of the responses are based on information provided to us
by representatives of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As noted in our letter dated February&nbsp;9, 2011, the Company has not prepared an amendment to the
Form 20-F because the Company believes that any amendments filed to address the Staff&#146;s comments
relate to matters that are not individually or in the aggregate material to investors and that any
such amendment would, on the whole, be more confusing than useful to investors and others.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>General</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. <I>We note that your response includes the representations requested at the end of our prior
comment letter but that your response was signed by Mr.&nbsp;Robert Schwed, your outside counsel, and
was issued on the outside counsel letterhead. Please confirm that Mr.&nbsp;Schwed is authorized to act
as your agent.</I>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="y90430by9043004.gif" alt="(GRAPHIC)">
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<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="y90430by9043002.gif" alt="(WILMERHALE LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">U.S. Securities and Exchange Commission<BR>
March&nbsp;22, 2011<BR>
Page 2

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>Response: </B></TD>
    <TD width="1%"><B>&nbsp;</B></TD>
    <TD>The Company had authorized Mr.&nbsp;Schwed to act as its agent in this regard; however,
in response to the Staff&#146;s comment, the Company has made the requested representations
under its own letterhead under separate cover.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Form&nbsp;20-F for the Fiscal Year Ended September&nbsp;30, 2010</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Item&nbsp;8. Financial Information</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Note 2 &#151; Summary of Significant Accounting Policies</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Revenue Recognition, page F-11</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. <I>We note that your response to prior to comment 2 indicates that you determine VSOE of fair value
when a &#147;substantial majority of standalone deals in the study fall within a range of plus or minus
15% from the midpoint.&#148; Please tell us what percentage you believe represents a &#147;substantial
majority&#148; and why you believe that percentage constitutes a </I>range that is <I>sufficiently clustered to
support a conclusion that VSOE of fair value exists. Additionally, describe how you determine VSOE
of fair value for arrangement that are outside of the range.</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>Response: </B></TD>
    <TD width="1%"><B>&nbsp;</B></TD>
    <TD>As communicated in the Company&#146;s response letter to the Staff dated February&nbsp;9,
2011, the Company establishes VSOE of fair value for its on-going support and
maintenance services based on the price that is charged when such elements are sold
separately.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In calculating VSOE for these services, the Company believes that prices are
sufficiently clustered within an appropriate range by requiring that a high
percentage of all relevant standalone sales fall within a reasonable
percentage (plus or minus) of the established VSOE value. The Company&#146;s
minimum threshold requirement is that at least 70% of all the standalone
sales in the period fall within a range of plus or minus 15% of the
established VSOE value.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The percentages of standalone sales for on-going support and maintenance
services that have fallen into the 15% range have been fairly constant over
the last several years. In fiscal 2010 and 2009, 71%-75% and 70%-83%,
respectively, of the standalone sales of the various strata of on-going
support and maintenance services have been within the specified range of
the VSOE value.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company notes that &#147;substantial majority&#148; is not a defined phrase in the
authoritative accounting guidance, and therefore the determination of VSOE
of fair value requires the application of reasonable judgment in</TD>
</TR>


</TABLE>
</DIV>
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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="y90430by9043002.gif" alt="(WILMERHALE LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">U.S. Securities and Exchange Commission<BR>
March&nbsp;22, 2011<BR>
Page 3

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>deciding
upon the appropriate percentage of standalone sales that falls within
a narrow range of pricing.
The Company notes that some common interpretations of &#147;substantial majority&#148;
range from two-thirds (66%) to as high as 80% of a population. Therefore the
Company believes that, for purposes of establishing VSOE of fair value, it
is reasonable to conclude that a &#147;substantial majority&#148; falls within this
percentage range. In making this determination, the Company considered all
the relevant facts and circumstances surrounding these transactions,
including but not limited to, the pricing strategies for each element, the
trend and consistency in pricing for each element, and the reasons for any
prices outside the Company&#146;s historical range of VSOE for a particular
element. Based on these factors and giving due consideration to common
interpretations of &#147;substantial majority&#148;, the Company concluded that, at a
minimum, 70% of its standalone sales in the period must fall within a range
of plus or minus 15% of the established VSOE value in order to constitute a
range that is sufficiently clustered to support a conclusion that VSOE of
fair value exists.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s VSOE rates are used to allocate revenue consideration to the
identified deliverables in multiple element arrangements. In instances
where the amounts stated in a particular contract are not within the VSOE
range, the Company has used the midpoint within the VSOE range to allocate
revenue between the identified deliverables specified in the contract. The
Company notes that arrangements in which the stated contract price of an
undelivered element was higher than the VSOE range have been rare and the
use of the midpoint has not resulted in any significant differences in the
allocation of revenue to the various identified elements within these
arrangements or the timing of revenue recognition.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The application of the Company&#146;s VSOE methodology and the VSOE rates that
were established under such methodology remain consistent from period to
period.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">* * * * *
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="y90430by9043002.gif" alt="(WILMERHALE LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">U.S. Securities and Exchange Commission<BR>
March&nbsp;22, 2011<BR>
Page 4

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If you require additional information, please telephone either the undersigned at the
telephone number indicated above or Jason L. Kropp of this firm at (617)&nbsp;526-6421.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Very truly yours,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><BR>
/s/ Robert A. Schwed
<DIV Style="border-bottom: 1px solid #000000; font-size: 1px; width: 35%">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">Robert A. Schwed
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
