Amdocs Limited - DOX STOCK NEWS

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.

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.

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.

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.

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.

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.

Amdocs has been selected by Vodafone Ireland to migrate its applications to the cloud, enhancing customer experiences and facilitating future growth. This partnership will transition the Amdocs Customer Experience Suite (CES) from on-premises to the cloud, allowing Vodafone Ireland more flexibility in adopting new 5G innovations. Mairead Cullen, CIO at Vodafone Ireland, emphasized the initiative's importance for agility and responsiveness to customer needs. Amdocs aims to support Vodafone's cloud strategy, which is critical for its growth and customer satisfaction. Amdocs reported revenue of $4.58 billion for fiscal 2022.

Amdocs (NASDAQ:DOX) announced that CFO & COO Tamar Rapaport-Dagim will present at the Morgan Stanley Technology, Media & Telecom Investor Conference on March 7, 2023, at 5:40 pm ET. A live webcast will be available on the Amdocs investor relations website, along with a replay option. Amdocs, a leader in software and services for communications and media companies, reported a revenue of $4.58 billion in fiscal 2022. The company employs over 31,000 people globally, focusing on helping service providers transition to cloud solutions and innovating for the 5G era.

Amdocs (NASDAQ:DOX) announced significant advancements from its 5G Experience Lab in Dallas, Texas, aimed at developing tailored solutions for diverse enterprise needs. The lab showcases innovative use cases, including virtual medical collaboration, real-time computer vision, and augmented reality guidance for engineers. Amdocs collaborates with partners like Athonet and Intel to test capabilities of 5G private networks and edge computing. With a revenue of $4.58 billion in fiscal 2022, the company emphasizes the importance of meeting individual enterprise demands, fostering momentum across industries.