Amdocs Limited - DOX STOCK NEWS

Amdocs (NASDAQ:DOX) has launched Amdocs Charging, designed for 5G monetization and cloud deployment. This new offering merges Amdocs' and Openet's capabilities to streamline monetization for communications service providers (CSPs) and reduce operational silos. With proof-of-concept from two tier-one North American operators, the platform features a microservices architecture, open APIs, and improved service catalog management, aiming for rapid innovation and scalability. John Abraham from Analysys Mason highlights this as a pivotal development in the charging sector.

Amdocs (NASDAQ: DOX) has secured a six-year contract with Winity Telecom to aid in the rollout of 4G and 5G networks across over 600 Brazilian municipalities. This project aims to enhance connectivity in remote areas, including public schools and along 35,000 km of federal highways. The collaboration focuses on optimizing network quality and coverage while promoting cost efficiency and swift deployment. Amdocs emphasizes the importance of bridging the digital divide as they support Winity with their advanced technological expertise.

Amdocs (NASDAQ: DOX) published a survey revealing significant consumer interest in eSIM technology. Conducted across the US, UK, and Australia with 2,500 respondents, the survey found that 81% are open to an eSIM-only future. Key benefits include the ease of switching providers (32%) and reduced hassle in obtaining SIM cards (21%). Amdocs aims to leverage this growing demand with its eSIM Cloud solution, showcased at Digital Transformation World 2022. The report underscores the need for communication service providers to innovate and enhance customer experiences.

Amdocs (NASDAQ: DOX) announced a three-year expanded agreement with Oi, a top telecom operator in Brazil, on August 3, 2022. This collaboration will enhance Oi's content offerings by providing an extensive catalog of subscription video-on-demand titles through Amdocs’ Vubiquity platform. Vubiquity connects with various content creators globally, ensuring a diverse range of content, including new releases and classic titles. Amdocs aims to exceed customer expectations in the Latin American entertainment market with this partnership.

Amdocs (NASDAQ: DOX) has announced the extension of its managed services agreement with PLDT for an additional three years, continuing through 2028. This partnership aims to modernize PLDT's IT infrastructure, enhancing service delivery and optimizing IT expenditures. Amdocs emphasizes environmental, social, and governance (ESG) criteria, focusing on e-billing and cloud transformation initiatives. The collaboration is set to support PLDT's ambition in digital innovations, particularly in the 5G landscape, ensuring improved customer experiences.

Amdocs (NASDAQ: DOX) announced a collaboration with ACI Worldwide to enhance subscription management solutions for merchants. This integrated solution aims to reduce time-to-market, improve customer retention, and decrease operational costs. Key features include customer identity management, fraud risk management, and omni-commerce payment capabilities. As subscription services expand, Amdocs’ Vindicia and ACI Speedpay will provide essential tools for merchants to manage their subscription businesses effectively. Amdocs reported $4.3 billion in revenue for fiscal 2021.

Amdocs (NASDAQ: DOX) announced an expanded collaboration with Vodafone Germany to enhance its digital transformation and customer experience. This agreement builds on their previous partnership established in 2019, focusing on unifying technology across Vodafone's operations. The collaboration will introduce a DevOps approach and a continuous deployment pipeline, allowing for streamlined daily deployments. Amdocs aims to provide greater operational efficiency and a world-class experience for Vodafone customers, marking a significant milestone in their ongoing digital strategy.

Amdocs Limited (NASDAQ: DOX) reported record quarterly revenue of $1.16 billion for Q3 FY2022, marking an increase of 8.8% year-over-year, with a 10.8% rise in constant currency, aligning with guidance. The company achieved GAAP diluted EPS of $1.04 and a non-GAAP EPS of $1.27. A record backlog of $3.95 billion reflects a 10% increase year-over-year. Despite foreign currency challenges, Amdocs is on track for 10% revenue growth for FY2022. Forecasts for Q4 include revenue between $1,145-$1,185 million and diluted EPS of $0.98-$1.06.

Amdocs (NASDAQ: DOX) is scheduled to attend several investor conferences in the fourth quarter of fiscal 2022, enhancing its engagement with investors. Key events include the Oppenheimer 25th Annual Tech Conference on August 9, Cowen 8th Annual Communications Infrastructure Summit on August 11, Jefferies Semis, IT Hardware & Communications Conference on August 30, Citi’s 2022 Global Technology Conference on September 8, and Jefferies Israel Tech Trek 2022 on September 21. Executives will participate in presentations and investor meetings, aiming to bolster investor relations.