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) has entered a seven-year agreement with VEON Ltd to enhance digital services for VEON's Beeline mobile operators in Uzbekistan and Kazakhstan. The partnership focuses on deploying Amdocs's microservices-based monetisation and commerce suites to deliver innovative and personalized customer experiences. As of June 30, 2021, VEON serves 6.7 million customers in Uzbekistan, with over 56% using 4G, and 10 million in Kazakhstan, with 58% on 4G. This collaboration aims to drive digital transformation and growth in these emerging markets.
Amdocs has launched the Digital Brand Suite as-a-Service, a fully integrated cloud-based platform powered by Amazon Web Services (AWS). This suite is designed for telecom digital brands, allowing for rapid innovation and monetization of services while minimizing IT overhead. It supports businesses in scaling operations from initial subscribers to millions, facilitating quicker launches of new offers and enhancing customer engagement. Notably, it employs a 'pay-as-you-grow' model, requiring minimal initial investment.
Amdocs (NASDAQ: DOX) reports significant progress in its 5G initiatives, partnering with major communications providers like AT&T and T-Mobile. In 2021, the company engaged in over 25 new 5G monetization projects across 15 countries. Amdocs enhanced its collaboration with Microsoft to provide cloud-native solutions and was selected by Orange for Europe's first 5G Stand Alone network. The company's 5G solutions have expanded, allowing service providers to innovate and monetize new experiences. Amdocs also received two Leading Lights awards for its advancements in digital enablement.
Amdocs (NASDAQ: DOX) announced a multi-year renewal agreement between its subsidiary Vubiquity and izzi, a prominent cable TV operator in Mexico. This agreement allows Vubiquity to continue providing content licensing and processing for izzitv. Vubiquity will supply a broad range of premium content, enhancing izzi's entertainment offerings. The Group President of Amdocs Media expressed satisfaction with the ongoing collaboration, emphasizing innovation and consumer choice in the region.
Amdocs (NASDAQ: DOX) has been chosen by Orange to deliver business support systems for Europe’s first 5G Stand Alone (SA) experimental cloud network, launched in July 2021 in Lannion, France. This data-driven, cloud-native network aims to serve several hundred users by the end of the year, leveraging Open RAN technology. The integration will utilize Amazon Web Services for a hybrid-cloud network. Amdocs' solutions focus on digital ordering, revenue management, and charging capabilities to enhance 5G services.
Amdocs (NASDAQ: DOX) has entered a multi-year agreement with Three UK to enhance its consumer services through a cloud-based omnichannel digital business system. This collaboration aims to improve agility, accelerate time-to-market for new services, such as eSIM-enabled devices, and optimize customer experience. Three UK, utilizing the fastest 5G network in the UK, seeks to exceed customer expectations and deliver competitive offerings with Amdocs' support. The partnership signifies a strategic move towards digital transformation in the telecommunications sector.
Amdocs (NASDAQ: DOX) announces participation in several investor conferences during Q4 of fiscal 2021. Key events include the Oppenheimer 24th Annual Tech Conference on August 10, the Jefferies Summit on September 1, and the Citi Global Tech Conference on September 13, featuring discussions from Amdocs' leadership team. The company aims to engage with investors and provide insights into its strategic direction.
Vubiquity, part of Amdocs (NASDAQ: DOX), has been selected by Gravitas Ventures as their new media supply chain vendor. This partnership will enable Vubiquity and its subsidiary Juice Worldwide to provide comprehensive distribution services for Gravitas' extensive library of over 2,500 independent films. The collaboration aims to enhance the distribution of new and existing titles across various platforms, including subscription and ad-supported models. Amdocs' commitment to supporting content owners is reinforced as the industry continues to invest in production.
Vubiquity, part of Amdocs (DOX), has been selected by ocilion to provide premium content services via its Content Cloud platform. The five-year agreement aims to enhance ocilion's offerings for over 50 telecom operators in Germany, Austria, Switzerland, Liechtenstein, and Luxembourg. With a focus on providing high-quality Ultra HD (4K) content, Vubiquity will manage licensing, processing, and delivery. This partnership supports ocilion's goal to expand their video-on-demand and electronic sell-through services, catering to a competitive market.
Amdocs (NASDAQ: DOX) has expanded its agreement with Vodafone Spain to modernize its Customer Relationship Management (CRM) system. This initiative aims to enhance the system's efficiency, reduce total cost of ownership, and improve operational performance. The collaboration is part of Vodafone's Tech 2025 strategy, ensuring that its infrastructure supports innovative services in the 5G era. Amdocs will leverage its dynamic portfolio to facilitate this modernization, which follows a successful partnership on a previous digital engagement project.
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