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.
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.
Amdocs (NASDAQ: DOX) has been selected by Strex, a consortium of Norwegian mobile operators including Telenor, Telia, and Ice, to upgrade its mobile payments platform. The implementation will utilize Amdocs’ cloud-native, microservices-based platform in a SaaS model, powered by AWS, to enhance digital payment capabilities and support advanced 5G use cases. The new system aims to meet increasing consumer demand for seamless payment experiences while fostering growth opportunities for e-commerce.
Amdocs reported third-quarter revenue of $1.066 billion, exceeding guidance, driven by a 9.4% year-over-year increase on a pro forma basis. Managed services revenue reached a record $651 million, contributing 61% of total revenue. GAAP diluted EPS was $1.14, surpassing guidance due to lower tax rates. The company has a backlog of $3.59 billion, up 10.8% year-over-year. A cash dividend of $0.36 per share was approved for distribution on October 29, 2021. Amdocs raised its outlook for earnings growth in fiscal 2021, expecting 42%-44% year-over-year GAAP EPS growth.
Amdocs (NASDAQ: DOX) has been selected by Magyar Telekom to support its Future of Billing initiative, streamlining and digitizing its IT infrastructure for a fully converged mobile postpaid service. This strategic partnership aims to enhance customer experience through improved billing processes and increased operational agility in the Hungarian telecommunications market. Amdocs will leverage its expertise in delivering transformational IT projects to support Magyar Telekom's digitalization efforts.
Amdocs has been recognized as the 2021 Best Telco Solution winner for its cloud-native CES suite by the AWS Partner Network. This award highlights Amdocs' innovative contributions to the telecommunications sector using AWS Cloud technology. The CES suite enables communications service providers to transition from legacy systems to a microservices-based architecture, enhancing customer experience and optimizing total cost of ownership. Amdocs recently strengthened its cloud capabilities by acquiring Sourced Group, a tech consultancy specializing in large-scale cloud transformations.
Amdocs (NASDAQ: DOX) has announced enhancements to its cloud-native Policy and Charging Control (PCC) offering, now available as a managed service, in addition to on-premise deployment. This evolution supports service providers in monetizing new 5G and edge assets, enabling a transition beyond traditional connectivity. Serving over 1 billion subscribers, Amdocs aims to facilitate faster service launches with its microservices-based architecture, which allows for continuous updates and minimizes downtime risks.
Amdocs (NASDAQ: DOX) announced the launch of Amdocs CES21, a cloud-native, microservices-based suite designed for 5G service providers. This suite facilitates advanced service delivery and monetization through capabilities like network-as-a-service (NaaS) and private enterprise networks (PEN). Notably, CES21 integrates AI and machine learning for enhanced customer experiences and operational efficiency. The platform includes low-code tools for non-technical users and supports flexible service packaging and real-time billing, aiming to accelerate growth and innovation in the communications sector.
Amdocs (NASDAQ: DOX) announced significant advancements in its eSIM platform, gaining 12 new projects across 10 countries. The platform enables service providers to enhance digital experiences for eSIM-enabled devices, meeting increased demand from the pandemic. New features include the integration of the Amdocs Entitlement Server with new operating systems like Wear OS and applications such as mobile device management (MDM). The growth reflects rapid business momentum and showcases the platform's ability to support diverse sectors, from healthcare to entertainment.
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