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Amdocs Limited - DOX STOCK NEWS

Welcome to our dedicated page for Amdocs news (Ticker: DOX), a resource for investors and traders seeking the latest updates and insights on Amdocs stock.

Amdocs Limited (NASDAQ: DOX) is a global leader in customer experience software solutions and services, primarily serving the communications, entertainment, and media industries. With over 30 years of expertise, Amdocs delivers a comprehensive portfolio that includes Business Support Systems (BSS), Operational Support Systems (OSS), network control and optimization solutions, all designed to streamline complex operating environments, reduce costs, and accelerate time-to-market for new products and services.

Core Business and Products:

  • Business Support Systems (BSS): Amdocs offers solutions that help service providers manage customer relationships, billing, and revenue generation.
  • Operational Support Systems (OSS): These systems support the planning, deployment, and management of telecommunications networks.
  • Managed Services: Amdocs provides ongoing support and maintenance for its software solutions, ensuring optimal performance and reliability.
  • Cloud-Native Solutions: Amdocs offers open and modular cloud solutions that are scalable and flexible to meet the evolving needs of service providers.

Recent Achievements:

  • Subscription Marketplace: Amdocs has expanded its subscription marketplace, enabling A1 Telekom Austria to easily onboard, integrate, and monetize partner services.
  • 5G Services: Amdocs is working with Magyar Telekom to modernize their policy control platform, accelerating the introduction of new 5G services.
  • Generative AI Integration: At the Mobile World Congress Barcelona, Amdocs showcased CES24 and CES Copilot, leveraging generative AI to enhance service provider capabilities.
  • Strategic Collaborations: Amdocs entered into a long-term agreement with DELTA Fiber Nederland to support its monetization systems, and formed an alliance with BMC to promote integrated services offerings.

Financial Performance:

In fiscal 2023, Amdocs reported revenues of $4.89 billion, reflecting its strong market position and robust demand for its solutions. The company continues to demonstrate healthy growth with a record 12-month backlog of $4.23 billion as of the second quarter of fiscal 2024.

Global Reach:

Amdocs operates in over 90 countries and employs approximately 29,000 people worldwide. The company's strong presence in North America, Europe, and other regions underscores its global influence and capability to serve diverse markets.

Future Outlook:

Amdocs is committed to driving innovation in the telecommunications and media industries. With its focus on cloud migration, 5G monetization, and network automation, Amdocs is well-positioned to continue delivering value to its customers and stakeholders.

Rhea-AI Summary

Amdocs (NASDAQ:DOX) has announced its participation in several investor conferences during the third quarter of fiscal 2023. Key dates include:

  • May 21: Oppenheimer 24th Annual Israeli Conference in Tel Aviv
  • May 31: Cowen 51st Annual Technology, Media & Telecom Conference in New York
  • June 6: Bank of America 2023 Global Technology Conference in San Francisco
  • June 8: Baird 2023 Consumer, Technology & Services Conference in New York
  • June 13: Nasdaq London Investor Conference

Presenting executives include Tamar Rapaport-Dagim (CFO & COO) and Shuky Sheffer (CEO). For further details, investors can visit Amdocs' Investor Relations page.

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Amdocs (NASDAQ:DOX) announced its selection by Colt Technology Services to enhance its global product and service inventory through digitalization and automation. This partnership aims to improve Colt's service delivery and operations by facilitating real-time provisioning changes, capacity planning, and fault resolution via a connected platform. The implementation of the Amdocs Resource Manager solution is a key step in Colt's digital transformation strategy, which focuses on customer empowerment and modernization. The initiative aligns with Colt's sustainability targets and ambition for an Open Digital Architecture framework.

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Amdocs (NASDAQ: DOX) has successfully completed a Proof of Concept (PoC) with partner vHive for PLDT's Smart Communications in the Philippines. The collaboration showcases the use of autonomous drone technology and AI analytics to create digital twins of network towers, enhancing inventory management.

This initiative aims to reduce truck rolls, lower carbon footprints, and improve operational efficiency. By integrating the solution with Amdocs' network inventory offerings, Smart can streamline planning and compliance processes. The project aligns with Smart's goal to transform its operations and elevate customer experience.

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Amdocs (NASDAQ:DOX) has partnered with Melon Digital, a new mobile virtual network enabler based in South Africa, to launch Melon Mobile. This collaboration utilizes Amdocs' Digital Brands Suite as a Service powered by Amazon Web Services (AWS) to provide customer care and monetization capabilities. Set to launch commercially next month, Melon Mobile aims to innovate the South African telecom market with a fully digital customer experience. Amdocs' platform supports scalability from initial users to potentially millions, enhancing operational agility for Melon Digital.

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Amdocs (NASDAQ: DOX) announced the unveiling of its CES23 suite at Mobile World Congress in Barcelona on February 27, 2023. This suite aims to foster innovation for service providers through an open, modular platform that enhances customer experience and optimizes network management. CES23 integrates AI-driven solutions to streamline business processes across B2B services and 5G applications. Amdocs has been recognized as the Most Outstanding Systems Integrator for the Communications Industry, showcasing its commitment to modernizing service operations in today's competitive landscape. The suite aims to facilitate rapid deployment and monetization of new services.

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Amdocs (NASDAQ:DOX) and Microsoft have launched a new Customer Engagement Platform aimed at enhancing user experiences for service providers. This platform leverages Amdocs' cloud-native Commerce and Care Suite alongside Microsoft's Dynamics 365 and Power Platform. It integrates various technologies, offering a seamless experience for both consumer and enterprise users. The collaboration focuses on improving business processes, monetizing 5G capabilities, and expediting cloud transitions. The companies plan to execute a go-to-market strategy targeting communications service providers globally, utilizing Amdocs' software delivery and cloud operations.

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Amdocs research indicates that 40% of communications service providers (CSPs) are focusing on mobile private networks (MPNs) targeting enterprise clients.

Half of the surveyed CSPs see developing private network use cases as a primary short-term priority. The report shows that 90% of CSPs have initiated or are planning MPN offerings, emphasizing the need for software automation to manage complexity.

With a revenue of $4.58 billion in fiscal 2022, Amdocs continues to expand its MPN solution, enhancing enterprise connectivity and operational efficiency.

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Amdocs (NASDAQ:DOX) announced its partnership with Drei Austria to launch an innovative eSIM solution, enabling a fully digital experience through the new up³ app. The app allows users to manage their eSIM on devices from Apple, Google, and Samsung, without needing a physical SIM card. With Amdocs' SaaS-based eSIM platform, integration into service providers' networks is streamlined. This collaboration marks a significant advancement in Amdocs' eSIM deployments. Amdocs will showcase its eSIM capabilities at Mobile World Congress from February 27 to March 2, 2023, where Drei Austria will receive an Amdocs Innovation Award for this project.

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Amdocs has released a survey revealing a significant demand for digital self-service channels among consumers, yet only 13% of interactions with communications service providers are completed digitally. The survey of 10,000 consumers from nine countries shows a stark contrast between the reported 65% digitalization by providers and the actual consumer experience. Younger consumers show greater preference for digital engagement. Notably, 42% of respondents would consider switching providers for a better self-service experience. However, 63% of industry decision makers cite challenges in implementing AI to improve these channels. The findings indicate that human agents will continue to play a crucial role in customer satisfaction.

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Amdocs announced a collaboration with Telefónica Móviles El Salvador to enhance its business support transformation with Amdocs Charging technology. This partnership aims to upgrade the charging systems and enable new monetization opportunities, especially with the rollout of 5G. Luis Del Cid, CEO of Telefónica, emphasized the importance of partnering with Amdocs for innovation and market leadership. Amdocs' scalable platform will facilitate expansion into new markets and support multiple currencies, bolstering growth prospects. Amdocs reported a revenue of $4.58 billion in fiscal 2022, underlining its established position in the telecommunications software sector.

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FAQ

What is the current stock price of Amdocs (DOX)?

The current stock price of Amdocs (DOX) is $86.87 as of December 24, 2024.

What is the market cap of Amdocs (DOX)?

The market cap of Amdocs (DOX) is approximately 9.8B.

What services does Amdocs offer?

Amdocs provides software and services for business support systems, operational support systems, network control and optimization, as well as managed services.

What industries does Amdocs serve?

Amdocs primarily serves the communications, entertainment, and media industries.

What are some recent achievements of Amdocs?

Recent achievements include the expansion of its subscription marketplace, modernization of 5G services with Magyar Telekom, and strategic collaborations with DELTA Fiber Nederland and BMC.

What is Amdocs CES24?

CES24 is the latest version of Amdocs Customer Experience Suite, which utilizes generative AI to enhance service provider capabilities across BSS, OSS, and network.

How is Amdocs leveraging AI in its solutions?

Amdocs integrates generative AI through its CES24 suite and CES Copilot, providing advanced capabilities like natural language processing and automated service orchestration.

What is Amdocs' financial performance for fiscal 2023?

Amdocs reported revenue of $4.89 billion for fiscal 2023, showcasing strong market performance and growth.

How many employees does Amdocs have?

Amdocs employs approximately 29,000 people worldwide.

What is Amdocs' geographical presence?

Amdocs operates in over 90 countries, with a significant presence in North America, Europe, and other regions.

What are Amdocs' future plans?

Amdocs aims to drive innovation in cloud migration, 5G monetization, and network automation, continuing to deliver value to its customers.

Where can I find more information about Amdocs?

More information can be found on Amdocs' official website, www.amdocs.com.

Amdocs Limited

Nasdaq:DOX

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9.80B
112.82M
98.41%
2.48%
Software - Infrastructure
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