Amdocs Limited - DOX STOCK NEWS

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.

Amdocs announces an expansion of its Digital Services to enhance cloud transition, operational efficiency, and user experiences in the communications and media sector.

The recent acquisition of DevOpsGroup bolsters Amdocs' capabilities in supporting customer cloud journeys, alongside previous acquisitions.

With a focus on DevSecOps, cloud-native development, and data intelligence, Amdocs aims to solidify its market position while leading digital transformation projects globally.

Amdocs (NASDAQ: DOX) announced a significant achievement in implementing its real-time online charging solution on AWS, targeting 12 billion transactions per day. This milestone supports BSS transformation for service providers and aligns with the monetization strategies required for 5G. Amdocs previously reached a benchmark of one trillion events per day. The company successfully demonstrated a proof of concept to address latency issues for a service provider using AWS Direct Connect. This advancement positions Amdocs' products to enhance the modernization of IT infrastructure within the industry.

Amdocs has launched its innovative Freestyle Billing solution, aimed at enhancing billing flexibility for service providers. This new tool allows operators to tailor billing experiences based on user preferences, particularly as 5G technology evolves. Several tier-1 North American service providers have already integrated this solution. The Freestyle Billing system streamlines monetization models and supports diverse payment preferences. Amdocs emphasizes the growing need for customized billing to meet the unique demands of digital services, ensuring future-proofing of customer experiences.

Amdocs highlights the importance of contact center and retail agents in enhancing customer experiences for Communications Service Providers (CSPs) in its latest research. The report reveals that 85% of consumers value knowledgeable agents, despite increasing digitalization. 70% of surveyed consumers would switch brands for better service. To address agent challenges, Amdocs has introduced a cloud-native customer engagement solution designed to empower these agents with integrated AI/ML capabilities, enabling personalized service.

Amdocs (NASDAQ: DOX) announced that Tamar Rapaport-Dagim, CFO and COO, will speak at the Morgan Stanley Technology, Media and Telecom conference on March 9, 2022, at 8:00 am PT. The event will be streamed live on Amdocs’ investor website. Additionally, Rapaport-Dagim will conduct in-person investor meetings in San Francisco on the same day. Interested parties can reach out to Amdocs Investor Relations for meeting arrangements. Amdocs reported revenue of $4.3 billion in fiscal 2021 and continues to support the transition to cloud services and 5G innovations.

Samsung Electronics America and Amdocs have deployed a Citizens Broadband Radio Service (CBRS)-based network at Howard University, enhancing broadband coverage for over 6,000 students, faculty, and local residents. The network aims for improved security, data speeds, and lower latency, vital for digital learning. This collaboration falls under a broader agreement to provide 4G and 5G solutions across various sectors. Howard's network solution integrates Samsung’s 5G-ready radios, promoting reliable wireless communication on campus.

Amdocs expands its 5G Value Plane offerings to support 5G standalone networks. This expansion focuses on cross-network automation, allowing communications service providers (CSPs) to fully utilize their 5G investments. Key features include real-time network slice management, dynamic function placement, and enhanced monetization opportunities through AI-driven automation. The company collaborates with the 5G Open Innovation Lab and Microsoft to develop innovative use cases, such as driverless cars and rural connectivity, underlining its commitment to advancing 5G capabilities.