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 announced that PLDT, a leading telecommunications provider in the Philippines, has chosen Amdocs' next-generation operational support systems (OSS) platform to modernize and automate its network operations on the public cloud. The agreement includes Amdocs' Intelligent Networking Suite and customer service solution for case management.
This collaboration aims to enhance PLDT's network capacity, business agility, and customer experience. The platform will enable a range of services across a single, connected platform, streamlining PLDT's end-to-end business processes. This aligns with PLDT's cloud-first strategy and will help meet the growing demand for network capacity and business agility.
PLDT views this partnership as a step towards continuous improvement and innovation in their network operations, setting a new standard of excellence in customer experience.
Amdocs (NASDAQ:DOX) has announced the extension and expansion of its hosting and managed services agreement with Charter Communications, a leading broadband connectivity company. Under this multi-year agreement, Amdocs will continue to provide Spectrum Mobile with hosting and operational support for its mobile billing system, along with business enhancement capacity.
The enhanced services will support the rapid growth of Spectrum's mobile and cable businesses, enabling innovative offerings for their customers. This partnership aims to simplify technology operations, allowing Charter to scale its growing Spectrum Mobile business and meet evolving market demands. The agreement covers services for Charter's Spectrum brand, which is available to more than 57 million homes and businesses in 41 states.
Amdocs (NASDAQ:DOX) announced that AT&T (NYSE:T) has selected its connectX cloud-native SaaS platform to support AT&T's mission of building a cutting-edge ecosystem for evolving consumer landscapes. ConnectX, powered by Amazon Web Services (AWS), will enable AT&T to rapidly integrate and launch new influencer brands and MVNOs.
The platform offers pre-packaged customer journeys, embedded AI capabilities, and pre-integrated partners, allowing AT&T to redefine user experience with agility and precision. William Traylor, VP of 5G Ecosystems and Partnerships at AT&T, emphasized the collaboration's potential to empower digital customers and catalyze ecosystem innovation. Anthony Goonetilleke, Amdocs Group President of Technology and Head of Strategy, highlighted connectX's ability to simplify experiences and deliver contextual connectivity.
Amdocs (NASDAQ: DOX) reported its Q3 fiscal 2024 results with record revenue of $1.25 billion, up 1.1% YoY as reported and 1.8% YoY in constant currency. The company posted a record 12-month backlog of $4.25 billion, a 2.7% YoY increase. GAAP diluted EPS was $1.21, including a restructuring charge, while non-GAAP diluted EPS was $1.62, at the high end of guidance. The company generated $175 million in free cash flow and repurchased $169 million in shares during the quarter.
For FY 2024, Amdocs expects revenue growth of 1.9%-2.7% YoY as reported, and 2.3%-3.1% in constant currency. GAAP diluted EPS growth is forecasted at 7.4%-9.2% YoY, and non-GAAP diluted EPS growth between 8.5%-9.5%.
Amdocs' strategic focus includes cloud, digital modernization, 5G, fiber monetization, network automation, and Generative AI, underscored by notable agreements with AT&T, TELUS, and Vodafone Ziggo. Despite a challenging industry environment, the company maintains solid growth and profitability targets.
Amdocs (NASDAQ:DOX), a leading software and services provider for communications and media companies, has announced its participation in several investor conferences during the fourth quarter of fiscal 2024. The schedule includes:
1. Oppenheimer 27th Annual Technology, Internet & Communications Conference (Virtual) on August 14
2. Wells Fargo 9th Annual Fintech, Information & Business Services Forum in Newport, RI on August 22
3. Jefferies Semiconductor, IT Hardware & Communications Technology Summit in Chicago, IL on August 28
4. Citi's 2024 Global TMT Conference in New York, NY on September 4
5. Piper Sandler Growth Frontiers Conference in Nashville, TN on September 10
6. Jefferies Tech Trek in Tel Aviv, Israel on September 12
Key executives, including the CEO, CFO, and head of Investor Relations, will be present at various events for fireside chats and investor meetings.
Amdocs (NASDAQ: DOX) announced a collaboration with Google Cloud to improve data insights for communications service providers (CSPs).
The partnership leverages Google Cloud's unified AI-ready data platform and Amdocs' AI and Data Platform to enable CSPs to make better business decisions through real-time data insights.
The integration aims to streamline diverse data sources for operational excellence, cost optimization, performance, and security.
This initiative seeks to enhance customer experiences, business operations, and revenue performance, positioning CSPs as AI-driven providers.
Amdocs will showcase its AI and Data Platform at TM Forum's Digital Transformation World in Copenhagen, June 18-20, 2024.
AT&T Mexico has successfully completed the migration of its Amdocs Customer Experience Suite (CES) systems to Oracle Cloud Infrastructure (OCI). This transformation aims to enhance flexibility, capacity growth, and reduce operational costs. The cloud migration allows AT&T Mexico to support its evolving network and provide superior services in the Mexican market. The collaboration between Amdocs, AT&T Mexico, and Oracle emphasizes the importance of digital transformation and innovation in telecommunications. This initiative is part of AT&T Mexico's efforts to reduce its IT footprint and lead the market with innovative, customer-focused services.
Amdocs (NASDAQ:DOX) announced a collaboration with Google Cloud to offer an end-to-end eSIM onboarding solution for communication service providers (CSPs).
The new integrated solution leverages Amdocs' eSIM Cloud platform and Google Cloud's Telecom Subscriber Insights to simplify and automate the eSIM activation process, eliminating the need for physical SIM cards and reducing customer support calls.
This partnership aims to enhance the customer experience by enabling remote provisioning and real-time monitoring, ultimately accelerating eSIM adoption globally. Amdocs will demonstrate these capabilities at Digital Transformation World from June 18-20, 2024, in Copenhagen.
CFO & COO Tamar Rapaport-Dagim of Amdocs (NASDAQ: DOX) will be speaking at the Nasdaq Investor Conference in Partnership with Jefferies on June 11 at 8:00 am ET. Amdocs, a leading provider of software and services to communications and media companies, announced that the live webcast of the event will be available on their investor relations website, with a replay option also accessible.
Amdocs (NASDAQ:DOX) has been awarded the 2024 Telecom AI Data Cloud Services Partner of the Year by Snowflake. This recognition, announced at the Snowflake Data Cloud Summit 2024, highlights Amdocs' role in driving AI Data Cloud adoption within the telecom sector. Amdocs' expertise in providing SaaS-based data analytics solutions has been pivotal in its success, further solidifying the strategic partnership between Amdocs and Snowflake. The collaboration aims to enhance data analytics capabilities for communication service providers (CSPs), enabling them to deliver superior services globally.
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