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) 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.
Amdocs (NASDAQ: DOX) announced a partnership with Globe Telecom, enhancing digital experiences for mobile and fixed-line customers in the Philippines. The implementation of Amdocs' cloud-native Catalog and Commerce Suite aims to automate operations, accelerate service delivery, and improve customer engagement. This comes after successful deployment for Globe's enterprise solutions, with Amdocs empowering Globe to offer new services more rapidly. Amdocs reported revenue of $4.3 billion in fiscal 2021, underscoring its leading position in providing software solutions for communication and media companies.
Amdocs Limited (NASDAQ: DOX) reported record fiscal 2021 revenue of $4.3 billion, up 7.0% YoY, with a net income of $688 million, yielding a GAAP diluted EPS of $5.32, up 43.4%. The company achieved a normalized free cash flow of $869 million, reflecting robust cash collections. A record backlog of $3.7 billion signals strong future revenue potential. Guidance for fiscal 2022 anticipates revenue growth between 3.7% and 7.7%, with challenges from foreign currency impacts. A quarterly dividend payment increase of 10% is also proposed.
Amdocs (NASDAQ: DOX) announced a virtual analyst and investor update event scheduled for November 5, 2021. The event aims to highlight the company’s strategic foundation for growth in a digital world. Key executives, including President & CEO Shuky Sheffer, CFO Tamar Rapaport-Dagim, and Group President of Technology Anthony Goonetilleke, will discuss Amdocs’ competitive advantages and growth opportunities. Interested parties can access the event live and find supporting materials through Amdocs’ investor relations website.
FAQ
What is the current stock price of Amdocs (DOX)?
What is the market cap of Amdocs (DOX)?
What services does Amdocs offer?
What industries does Amdocs serve?
What are some recent achievements of Amdocs?
What is Amdocs CES24?
How is Amdocs leveraging AI in its solutions?
What is Amdocs' financial performance for fiscal 2023?
How many employees does Amdocs have?
What is Amdocs' geographical presence?
What are Amdocs' future plans?
Where can I find more information about Amdocs?
