Amdocs Limited - DOX STOCK NEWS

Amdocs (NASDAQ:DOX) has announced a five-year extension of its strategic collaboration with Vodafone Italy. The new agreement focuses on modernizing Vodafone's business platform to cloud-ready and cloud-native solutions, including migration to Microsoft Azure cloud. Following the successful completion of their business support systems transformation, this extension aims to enhance operational efficiency, reduce costs, and enable faster delivery of high-quality services. The collaboration will support Vodafone Italy's ongoing IT systems modernization, improving customer experience and time to market for new offerings.

Amdocs (DOX) reported record fiscal 2024 revenue of $5.00 billion, up 2.4% year-over-year. The company achieved record managed services revenue of $2.905 billion, representing 58% of total revenue. For fiscal 2025, Amdocs is phasing out certain non-core, low-margin business activities, expecting revenue decline of 10.9%-7.7% as reported, but growth of 1%-4.5% on a pro forma constant currency basis. The company reported Q4 FY2024 revenue of $1.264 billion, up 1.7%, with non-GAAP diluted EPS of $1.70. The Board approved a 10% increase in quarterly dividend to $0.527 per share.

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.