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 acquired Sourced Group for approximately $75 million, enhancing its cloud-native offerings. This acquisition will leverage Sourced's expertise in large-scale cloud transformations, particularly in finance and communications sectors. Amdocs aims to expand its service capabilities for over 350 service provider customers globally. The deal's impact on Amdocs' non-GAAP diluted EPS is projected to be neutral for the fiscal year 2021, while the GAAP EPS effect remains undetermined until purchase price allocation completion.
Amdocs (NASDAQ: DOX) announced its collaboration with SES, a leading content connectivity provider, to implement Amdocs Quality Engineering's end-to-end testing framework. This partnership aims to streamline SES's flow validation process through automation. Amdocs will assist SES with design, integration, and quality engineering using its cloud-native platform. The collaboration is focused on enhancing service orchestration and ensuring faster market delivery for SES's connectivity services, emphasizing the importance of high quality and performance.
Amdocs (NASDAQ: DOX) and Atrinet have partnered to enhance inventory workflows for Slovak Telekom and T-Mobile Czech Republic. This collaboration involves Amdocs upgrading operations support systems with a comprehensive resource inventory system and Atrinet's automation solutions. The goal is to modernize and consolidate inventory platforms to meet growing network demands. Executives from both companies emphasize the importance of improving productivity and customer experience, reflecting a strong commitment to ongoing innovation in network management.
Amdocs Limited (NASDAQ: DOX) reported second quarter fiscal 2021 revenue of $1,049 million, exceeding guidance of $1,015-$1,055 million. Managed services revenue reached $635 million, representing 61% of total revenue. GAAP diluted EPS was $0.91, while non-GAAP diluted EPS hit $1.13. The company returned $403 million to shareholders via dividends and share repurchases. Amdocs announced the acquisition of Sourced Group to enhance its cloud capabilities and raised its fiscal 2021 outlook for revenue and EPS growth, driven by a 12-month backlog of $3.54 billion.
Amdocs (NASDAQ: DOX) announced that M1 Limited, a digital network operator in Singapore, will implement its Openet solution aimed at enhancing digital and 5G services management. The collaboration focuses on accelerating M1's digital transformation on Microsoft Azure, enabling hyper-personalized offerings and real-time customer data usage insights. Amdocs aims to enhance M1’s customer experience and support Singapore’s digital economy while providing agility and faster market responsiveness.
Amdocs (DOX) announced its participation in several virtual investor conferences in Q3 fiscal 2021. Key dates include:
- May 17: 16th Annual Needham Virtual Technology & Media Conference
- May 18: Barclays Americas Select Conference
- May 24: Oppenheimer & Co 22nd Annual Israeli Investor Conference
- June 7: Oppenheimer & Co Virtual Software & Semiconductor Bus Tour
- June 8: Stifel 2021 Virtual Cross-Sector Insight Conference
- June 9: Baird’s 2021 Global Consumer, Technology & Services Conference
- June 10: BofA Global Technology Conference
- June 15: Nasdaq 44th Investor Conference
Further details will be available on Amdocs' investor relations website.
Amdocs (NASDAQ: DOX) has joined the Open Networking Foundation (ONF) to enhance network control and management solutions using AI, ML, and cloud automation. This membership aligns with the ONF's SD-RAN project, which focuses on customizable Radio Access Network solutions through open-source technology. Amdocs' involvement aims to innovate service delivery and operational efficiency in network infrastructure. With a revenue of $4.2 billion in fiscal 2020, Amdocs emphasizes cloud-native technologies to transform service provider operations.
Amdocs (NASDAQ: DOX) has partnered with Fastweb, a leading Italian telecommunications operator, to modernize its network inventory systems. This initiative aims to transform Fastweb's IT infrastructure, making it more flexible and ready for 5G services. Amdocs will implement next-generation OSS solutions to enhance operational efficiency and service quality, enabling Fastweb to provide improved customer experiences and faster time-to-market for new services. This modernization is crucial for supporting Fastweb's growth and the delivery of innovative services.
Amdocs Limited (NASDAQ: DOX) announced an investor conference call and webcast on April 8, 2021, at 8:30 AM Eastern Time. This follows their previous announcement on April 1, 2021. Investors can participate in the call via a provided link or by dialing in with a specific passcode. Amdocs, which serves major players in the communications and media industry across 85 countries, reported a revenue of $4.2 billion in fiscal 2020. For more information, visit their official website.
Amdocs (NASDAQ: DOX) has successfully partnered with Globe Telecom to launch a service and network automation platform for network functions virtualization (NFV) and cloud orchestration. This initiative positions Globe as a leader in offering virtual network services in the Philippines. The platform will provide enterprises with enhanced security, real-time network visibility, and customizable services. Globe aims to meet the growing demand for digital services, enabling businesses to swiftly adapt to new network offerings.
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