Amdocs Expands Strategic Collaboration with Microsoft to Boost Service Providers’ Journey to the Cloud

Rhea-AI Summary

Amdocs (NASDAQ: DOX) has expanded its collaboration with Microsoft, enhancing its cloud-native solutions and services on the Azure platform. This partnership aims to accelerate the shift of service providers in the communications and media industry to the cloud, enabling them to deliver new cloud services and monetize 5G networks. The collaboration facilitates automation and virtualization of networks while offering enterprise solutions, thereby promising lower operating costs and improved revenue opportunities.

Positive

• Expanded collaboration with Microsoft enhances cloud-native offerings.
• Accelerates service providers' transition to cloud with Azure.
• Potential for improved revenue through monetization of 5G networks.

Negative

• None.

Collaboration will enable service providers to transform to the cloud with cloud-native solutions and cloud transformation services, as well as deploy 5G networks in the cloud

ST. LOUIS, May 24, 2021 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, announced today the extension of its global business, technology and services collaboration with Microsoft, widening the availability of its portfolio on Microsoft Azure and the Azure for Operators (AFO) initiative. This expanded cooperation will accelerate the communications and media industry’s journey to the cloud, enabling service providers to offer new and differentiated cloud services to drive growth, customer loyalty and value-add with fast and agile interactions, and a wide ecosystem of third-party partners.

The collaboration will enable service providers to accelerate their move to the cloud by using Amdocs’ cloud-native BSS/OSS solutions and services and our unique delivery accountability model while benefiting from the cloud capabilities of Azure to build, manage and deploy service provider applications at scale.  This integrated platform will enable service providers to automate and virtualize their network while looking for opportunities to monetize 5G both for consumers and enterprise, as well as offer their enterprise customers private and public edge solutions, such as private enterprise networks (PEN) and multi-access edge computing (MEC).

“As service providers embark on the most widespread transformation the communications and media industry has seen, Microsoft is playing a pivotal role in accelerating CSP journeys to the cloud,” said Shuky Sheffer, president and chief executive officer, Amdocs. “We are therefore delighted to become a Microsoft preferred Industry Priority Scenario (IPS) Partner. With Amdocs and Microsoft, service providers will be able to transform with cloud-native solutions and cloud services and deploy 5G networks in the cloud with Azure for Operators, automated by the Amdocs NEO service and network automation suite and monetized by Amdocs Charging. This collaboration enables us to fulfil our promise to the industry of delivering cloud at scale.”

“In the era of 5G and the cloud, service providers have a unique opportunity to future-proof their networks, lower operating costs and boost revenue,” said Judson Althoff, executive vice president, Microsoft’s Worldwide Commercial Business. “Still, to realize the benefits of the cloud, service providers need a business system infrastructure that can operate with scale, agility and pace. Our collaboration with Amdocs delivers the advantages of 5G and the cloud in addition to offering service providers a rich ecosystem of apps and devices. With our joint integrated platform, service providers can provide mobile edge computing and private networks for the digital enterprise.” 

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About Amdocs

Amdocs’ purpose is to enrich lives and progress society, using creativity and technology to build a better connected world. Amdocs and its 27,000 employees partner with the leading players in the communications and media industry, enabling next-generation experiences in 85 countries. Our cloud-native, open and dynamic portfolio of digital solutions, platforms and services brings greater choice, faster time to market and flexibility, to better meet the evolving needs of our customers as they drive growth, transform and take their business to the cloud. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.2 billion in fiscal 2020. For more information, visit Amdocs at www.amdocs.com.

Amdocs’ Forward-Looking Statement

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, the Company 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, 2020 filed on December 14, 2020 and our Form 6-K furnished for the first quarter of fiscal 2021 on February 16, 2021 and for the second quarter of fiscal 2021 on May 12, 2021.

Media Contacts:
Jeff Barak
Amdocs Public Relations
Tel: +972 (0)52 645 3637
E-mail: Jeff.Barak@amdocs.com

Emily Holt
PAN Communications for Amdocs
Email: Amdocs@pancomm.com

FAQ

What is Amdocs' recent collaboration with Microsoft about?

Amdocs has expanded its collaboration with Microsoft to enhance cloud-native solutions and accelerate service providers' transition to the cloud using Microsoft Azure.

How will Amdocs' partnership with Microsoft impact service providers?

The partnership will enable service providers to offer new cloud services and monetize 5G networks, improving their growth opportunities and customer experiences.

What are the benefits of Amdocs' cloud-native solutions on Azure?

Amdocs' cloud-native solutions allow for network automation, virtualization, and the ability to provide both private and public edge solutions.

What is the significance of 5G in Amdocs' initiatives?

5G plays a crucial role in Amdocs' initiatives to help service providers lower operating costs and enhance revenue opportunities through new service offerings.