Amdocs Limited - DOX STOCK NEWS

Amdocs (NASDAQ: DOX) announces an expanded collaboration with Worldline to enhance services for subscription merchants globally. The partnership aims to facilitate scalable payment solutions across regions including North America, Europe, Asia Pacific, and Latin America. Amdocs' Vindicia eCommerce platform will integrate with Worldline’s merchant processing, enabling diverse payment options. According to UBS, the subscription economy is projected to reach USD 1.5 trillion by 2025, growing at an annual rate of 18%. Top-tier subscription businesses are already utilizing these capabilities.

Amdocs (NASDAQ: DOX) has partnered with T-Mobile to implement an AI-powered business assurance solution via Amazon Web Services (AWS). This collaborative effort aims to validate billing accuracy during the migration of Sprint customers. The innovative platform ensures the integrity of financial data, enhances compliance with SOX, and reduces non-financial risks for T-Mobile. Amdocs' executives emphasize the importance of leveraging cloud and AI technologies to foster synergies and improve operational agility in the telecommunications sector.

Amdocs Limited (NASDAQ: DOX) reported a record quarterly revenue of $1.15 billion, marking a 9.2% year-over-year increase. In constant currency, the growth was 10.1%. The company also achieved a record 12-month backlog of $3.89 billion, up 9.9% year-over-year. GAAP diluted EPS reached $1.28, exceeding guidance of $0.96-$1.04, attributed to a lower effective tax rate. The positive momentum aligns with the high end of fiscal 2022 growth outlook, projecting revenue growth of 5.2%-7.2% and adjusted GAAP diluted EPS growth of 7.5%-12.5%.

Amdocs has opened its Americas 5G Experience Lab in Dallas, Texas, aiming to foster innovation in connected services leveraging 5G technology. This lab will serve as a collaborative space for service providers, enterprises, and software developers to create new applications and services.

The lab focuses on monetization opportunities through features like private networks and cloud services, while ensuring interoperability among diverse partners. Amdocs emphasizes its commitment to helping clients innovate and navigate the evolving telecommunications landscape.

Amdocs (NASDAQ: DOX) has been selected by Vodafone to harmonize and modernize its inventory systems across Germany, Romania, Czech Republic, and Albania. This initiative marks Amdocs' first agreement with Vodafone Albania. By enhancing inventory capabilities, Vodafone aims to improve operational efficiency, data quality, and customer service as it automates network operations, including the transition to 5G. Vodafone plans to migrate 100% of its European network to its own cloud by 2025, and this modernization project will serve as a blueprint for further expansions.

Amdocs (NASDAQ: DOX) has launched MetaVU, an innovative platform designed to enhance metadata management for content providers and video distributors. Announced on April 20, 2022, the platform leverages artificial intelligence to automate content tagging, addressing challenges posed by large volumes of metadata. Built on Amazon Web Services, MetaVU enables a single integration point for metadata from diverse sources, facilitating targeted marketing and improved consumer experiences. Amdocs will showcase this solution at the NAB Show from April 23-27 in Las Vegas.

Amdocs (NASDAQ: DOX) announced its participation in several investor conferences in the third quarter of fiscal 2022. Key events include the Oppenheimer Annual Israel Conference on May 22, the J.P. Morgan 50th Annual Global Technology, Media & Communications Conference on May 25, and the BoA 2022 Global Technology Conference on June 7. The presentations will feature company executives sharing insights into Amdocs' strategies and performance, which is expected to bolster investor relations and market presence.

Amdocs (NASDAQ: DOX) has released research revealing key insights about gaming trends, highlighting an increasingly diverse gamer demographic and strong interest in cloud gaming coupled with 5G connectivity. The study shows that 62% of gamers plan to use cloud services this year, with 78% willing to pay extra for bundled 5G. Despite optimism about the metaverse, concerns about connectivity and hardware costs persist. Notably, 82% of gamers favor cloud gaming over traditional consoles, suggesting a shift in industry dynamics.

Amdocs (NASDAQ: DOX) will present its cloud-native 5G suite, CES22, at the Mobile World Congress in Barcelona, showcasing advanced solutions to help service providers expand growth opportunities and enhance customer experiences. The suite aims to modernize operations and provide innovative services leveraging AI and ML technologies. Amdocs demonstrated a charging solution capable of handling over 12 billion transactions daily on AWS, crucial for 5G monetization. The company emphasizes its commitment to reducing environmental impact through efficient technology and operations.