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.
Amdocs (NASDAQ: DOX) announced its recognition as a market leader by global analysts and awards programs in the communications and media sector. Key highlights include:
- 14th consecutive year as leader in monetization platforms with 24% market share, according to Analysys Mason.
- Global leader in revenue management recognized by GlobalData.
- Achievements in digital transformation and cloud innovation, including awards from Light Reading and the Asia Communication Awards.
Amdocs continues to excel in service automation and quality engineering, reinforcing its strong market position.
Amdocs (NASDAQ: DOX) has filed its Annual Report on Form 20-F for the fiscal year ended September 30, 2021. The report includes financial statements and is accessible on the company’s website. Amdocs reported a total revenue of $4.3 billion for fiscal 2021. Shareholders can request a copy of the annual report at no cost. Amdocs is focused on empowering communication and media companies to enhance customer experiences and accelerate digital transformation.
Amdocs (NASDAQ: DOX) and Giesecke+Devrient (G+D) have partnered to launch the eSIM Device Enablement Server (eDES) for Orange Belgium's enterprise customers. This solution simplifies the management of embedded SIMs (eSIM) on devices, allowing users to add and switch profiles digitally, eliminating the need for physical SIM cards. The initiative aims to enhance digital innovation and improve operational efficiency by reducing costs and time associated with SIM management. The eDES supports the transition toward fully digital enterprise connectivity.
Amdocs (NASDAQ: DOX) has renewed its partnership with Malta-based telecom operator Melita Limited to enhance its 5G and IoT services. The extended agreement will enable Melita to develop new offerings and improve customer data management and system security. Amdocs will provide charging solutions aimed at creating differentiated services leveraging Melita’s advanced 5G network. This collaboration supports Melita's international expansion into Italy and Germany, driving innovation across its consumer and enterprise markets.
Amdocs (NASDAQ: DOX) announced its participation in several investor conferences in Q1 fiscal 2022. Key events include the Exane Virtual Silicon Valley Innovation Tour on November 11, Needham Networking Conference on November 16, and Credit Suisse Technology Conference on December 1. Other notable appearances include the Nasdaq Investor Conference on December 2 and Barclays TMT Conference on December 7. A webcast with more details will be available on Amdocs' investor relations site, emphasizing the company's focus on connecting with investors and enhancing transparency.
Amdocs (NASDAQ: DOX) recently hosted a virtual analyst and investor update, showcasing its robust foundation built for success in a digital landscape. Key executives, including CEO Shuky Sheffer and CFO Tamar Rapaport-Dagim, outlined the company’s strategic direction aimed at accelerating growth and capitalizing on market opportunities. A replay of the session is available online, highlighting Amdocs’ commitment to empowering communication and media experiences. For fiscal 2021, Amdocs reported revenue of $4.3 billion, emphasizing its position in the industry.
Amdocs (NASDAQ: DOX) has announced a multi-year modernization agreement with True Corporation, enabling the upgrade of True's billing and charging platform to the cloud-native Amdocs CES21 suite. This partnership will facilitate the launch of new 5G services, providing features like real-time billing and convergent policy control. True aims to enhance customer experience and efficiency while supporting the growth of 5G services in Thailand. The agreement enhances Amdocs' strategic position in the telecommunications market and supports True's digital transformation efforts.
Amdocs (NASDAQ: DOX) has extended its strategic partnership with Globe Telecom, enhancing cloud and digital orchestration capabilities. The Amdocs Service and Network Automation Suite will facilitate scalable service automation for Globe, improving operational efficiency and accelerating time to market. Globe Telecom's Infrastructure Head emphasized the partnership's role in delivering reliable services. Amdocs aims to support Globe in managing hybrid cloud services and offer next-generation customer experiences amid the rapidly evolving communications landscape.
Amdocs (NASDAQ: DOX) announced a long-term agreement with AT&T (NYSE: T) to provide support for its business support systems evolution (BSSe) program, aimed at modernizing technology and streamlining operations. This initiative focuses on enhancing speed-to-market and customer experience, while ensuring cost-effectiveness in the implementation of 5G. The project will utilize Microsoft Azure and begin with AT&T's consumer business units, including mobility and broadband.
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