Welcome to our dedicated page for Amdocs news (Ticker: DOX), a resource for investors and traders seeking the latest updates and insights on Amdocs stock.
Amdocs Limited (NASDAQ: DOX) is a global leader in customer experience software solutions and services, primarily serving the communications, entertainment, and media industries. With over 30 years of expertise, Amdocs delivers a comprehensive portfolio that includes Business Support Systems (BSS), Operational Support Systems (OSS), network control and optimization solutions, all designed to streamline complex operating environments, reduce costs, and accelerate time-to-market for new products and services.
Core Business and Products:
- Business Support Systems (BSS): Amdocs offers solutions that help service providers manage customer relationships, billing, and revenue generation.
- Operational Support Systems (OSS): These systems support the planning, deployment, and management of telecommunications networks.
- Managed Services: Amdocs provides ongoing support and maintenance for its software solutions, ensuring optimal performance and reliability.
- Cloud-Native Solutions: Amdocs offers open and modular cloud solutions that are scalable and flexible to meet the evolving needs of service providers.
Recent Achievements:
- Subscription Marketplace: Amdocs has expanded its subscription marketplace, enabling A1 Telekom Austria to easily onboard, integrate, and monetize partner services.
- 5G Services: Amdocs is working with Magyar Telekom to modernize their policy control platform, accelerating the introduction of new 5G services.
- Generative AI Integration: At the Mobile World Congress Barcelona, Amdocs showcased CES24 and CES Copilot, leveraging generative AI to enhance service provider capabilities.
- Strategic Collaborations: Amdocs entered into a long-term agreement with DELTA Fiber Nederland to support its monetization systems, and formed an alliance with BMC to promote integrated services offerings.
Financial Performance:
In fiscal 2023, Amdocs reported revenues of $4.89 billion, reflecting its strong market position and robust demand for its solutions. The company continues to demonstrate healthy growth with a record 12-month backlog of $4.23 billion as of the second quarter of fiscal 2024.
Global Reach:
Amdocs operates in over 90 countries and employs approximately 29,000 people worldwide. The company's strong presence in North America, Europe, and other regions underscores its global influence and capability to serve diverse markets.
Future Outlook:
Amdocs is committed to driving innovation in the telecommunications and media industries. With its focus on cloud migration, 5G monetization, and network automation, Amdocs is well-positioned to continue delivering value to its customers and stakeholders.
Vivo has selected Amdocs to enhance its systems flexibility and operational efficiency through a new collaboration announced on November 12, 2024. The partnership will implement cloud-native web services based on TM Forum standards, enabling Vivo to expose its Amdocs BSS capabilities securely across platforms. The solution features low-code capabilities for simpler service development and will support Vivo's microservices strategy, allowing the Brazilian operator to develop and introduce new services more quickly with minimal business disruption.
Amdocs (NASDAQ:DOX) has announced its investor conference schedule for the first quarter of fiscal 2025. The company will participate in six major events: Oppenheimer's AI Impact Summit (Nov 15), UBS Global Technology & AI Conference (Dec 3), Eden Rock Advisors Investor Call (Dec 6), Nasdaq Investor Conference (Dec 10), Raymond James TMT & Consumer Conference (Dec 11), and Barclays Global Technology Conference (Dec 12). Key executives including CEO Shuky Sheffer, CFO & COO Tamar Rapaport-Dagim, and Group President Anthony Goonetilleke will represent the company at various venues across the US and London.
Amdocs (NASDAQ:DOX) has announced an enhanced fiber offering to accelerate and streamline fiber network deployment. The company, which has designed over 1.2 million fiber route miles globally, has formed a new collaboration with IQGeo to integrate geospatial network lifecycle management software. The enhanced solution promises 30% faster deployment times, 10% or more reduction in cabling and trenching, and significant cost savings in network management through automation and error reduction. The offering includes zero-touch automation capabilities and supports both greenfield and brownfield deployments.
Amdocs (NASDAQ:DOX) announced that Rizz Wireless, a new mobile virtual network operator (MVNO), has chosen Amdocs' connectX cloud-native SaaS platform to support its digital offering for uninterrupted US local connectivity during international travel. ConnectX, powered by Amazon Web Services (AWS), provides a turnkey solution for launching differentiated brands and MVNOs, including catalog management, subscription services, mobile app, and local payment gateway integrations.
The platform enables Rizz Wireless to efficiently manage subscribers, offer flexible pricing plans, and ensure seamless network transitions. This partnership aims to provide hassle-free connectivity for business travelers and students abroad. Amdocs will showcase connectX at TM Forum Innovate Americas in Dallas, September 24-25.
Amdocs (NASDAQ:DOX) has successfully completed a unified single business support system (BSS) and operations support system (OSS) platform transformation for Vodafone Ireland. This milestone integrates mobile and fixed communication services into a streamlined system, enhancing operational efficiency and customer experience. The new platform provides a consolidated customer view, empowering front-line agents to make informed decisions, reduce errors, and streamline processes.
Mairead Cullen, IT Director at Vodafone Ireland, emphasized that this project is a pivotal element of their B2C & B2B digital transformation, providing a solid foundation for innovation and ensuring next-generation experiences for business customers. The solution enhances customer experience through full omnichannel sales and support, driving convergence sales and improving customer satisfaction.
Amdocs (NASDAQ:DOX) has signed a multi-year managed services agreement with TELUS to transform its monetization operations. The partnership involves migrating TELUS' existing on-premise monetization systems to Amazon Web Services (AWS). This move aims to enhance flexibility, reliability, and scalability for TELUS, enabling faster product launches, reduced costs, and improved customer experiences.
Key benefits for TELUS include:
- Accelerated digital transformation
- Unlocking new opportunities in consumer and enterprise markets
- Faster, more personalized customer outcomes
This collaboration aligns with TELUS' priority of cloud migration and positions the company to leverage public cloud benefits for enhanced customer experiences.
Amdocs (NASDAQ:DOX) has announced that VodafoneZiggo, a leading Dutch communications service provider, has chosen Amdocs to modernize and migrate its monetization engines to the public cloud. The agreement includes:
1. Modernizing VodafoneZiggo's monetization engines to cloud-ready and cloud-native solutions
2. Migrating the operator's business support systems environment to the public cloud
3. A two-year extension of the managed services agreement with Amdocs
This migration aims to enhance VodafoneZiggo's business resiliency, improve operational efficiency, and accelerate the launch of innovative services. The cloud transition will provide cost-efficiency, agility, and improved backup and redundancy, supporting VodafoneZiggo's strategy to future-proof its operational landscape and prepare for standalone 5G.
Amdocs (NASDAQ:DOX) has been chosen by A1 Telekom Austria to upgrade and modernize its monetization platforms in a multi-year project. The initiative aims to consolidate and future-proof the Austrian operator's billing, charging, and catalog solutions. This cloud-based platform will enable A1 Telekom Austria to:
1. Launch new services and products across all customer segments faster
2. Deliver an enhanced user experience
3. Drive new revenue growth
4. Bring operational efficiencies
5. Support new monetization use cases for 5G, IoT, and other advanced services
The project also aligns with A1 Group's strategy to create a common IT foundation. Amdocs' solution will provide advanced security and compliance with the latest industry standards, ensuring A1 remains agile and efficient in its operations.
Amdocs (NASDAQ:DOX) has successfully implemented its Subscription Marketplace solution across six countries in the A1 Group, a leading Central and Eastern Europe service provider. The platform simplifies the onboarding of new B2C partners and enhances the digital subscription experience for A1 Group's customers in Austria, North Macedonia, Bulgaria, Serbia, Croatia, and Slovenia.
The new platform allows customers to easily subscribe to services like Netflix alongside their connectivity packages, streamlining their experience and improving convenience. It also brings improved operational efficiency, leading to a streamlined subscription management lifecycle and reduced operational costs. This collaboration underscores A1 Group's commitment to expanding its subscription services and enhancing customer experience.
Amdocs (NASDAQ:DOX) has announced that Globe, a leading digital solutions provider in the Philippines, has chosen Amdocs' AI and Data Platform for its information data hub. The platform, hosted on Google Cloud, will enable Globe to enhance operations through data-driven decision-making and personalized customer experiences across digital services.
Key points:
- The platform will serve as a single source of truth across Globe's business support systems
- It aims to streamline data management, reduce complexity, and lower operational costs
- The solution leverages Google Cloud's AI-ready data platform for real-time data delivery
- It utilizes the Google Cloud Architecture Framework for a layered, service-based architecture
- The platform incorporates a TM Forum-certified leading telecom data model
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