Amdocs Limited - DOX STOCK NEWS

Amdocs (DOX) reported record fiscal 2022 revenue of $4.58 billion, marking a 6.7% year-over-year increase. The company projects fiscal 2023 revenue growth between 4.0%-8.0% as reported and 6.0%-10.0% in constant currency. The 12-month backlog reached a record $3.97 billion, up 7.6% YoY. GAAP diluted EPS decreased 16.5% to $4.44, while non-GAAP EPS rose 12.1% to $5.30. Amdocs will increase its quarterly cash dividend by 10%, proposing a new dividend of $0.435 per share.

Amdocs (NASDAQ: DOX) announces participation in several investor conferences during Q1 of fiscal 2023, including the Needham Networking Conference on November 15 and the Credit Suisse Technology Conference on November 29. The company will also attend the Nasdaq Investor Conference on December 6 and the Barclays Global TMT Conference on December 8, followed by the Oppenheimer 5G Summit on December 13. Notable attendees include Amdocs CEO Shuky Sheffer and CFO Tamar Rapaport-Dagim. Webcast details will be provided closer to the event dates.

Amdocs (NASDAQ: DOX), recognized as a global leader by industry analysts, has achieved significant milestones in monetization, revenue management, and AI-driven customer experience. For the 15th consecutive year, Analysys Mason identified Amdocs as the top provider in monetization platforms. GlobalData also ranked Amdocs as a leader in revenue management. Omdia acknowledged Amdocs’ market leadership in telco IT software with a 13% share. Amdocs aims to maintain its innovation trajectory as it prepares for upcoming industry events in 2022.

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.