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.
Rhea-AI Summary
Amdocs partners with DELTA Fiber Nederland to enhance sales opportunities through monetization systems. The collaboration aims to support DELTA's growth and customer experience by leveraging Amdocs' services capabilities.
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Amdocs (DOX) reveals survey findings on GenAI challenges and opportunities in the CSP industry. The research shows that while 90% of CSPs recognize the impact of GenAI on business goals, implementation is still in early stages. Key findings include expectations of significant changes, specific benefits like new revenue generation and reduced time to market, and critical challenges in data quality, LLM training, and regulatory compliance.
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Amdocs introduces new GenAI-powered applications through its amAIz platform, enhancing customer experiences and operational efficiency for communications service providers. The collaboration with Microsoft and NVIDIA brings advanced capabilities to the telecom industry, showcased at Mobile World Congress Barcelona.
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Amdocs (NASDAQ:DOX) announces expanded strategic partnership with Microsoft to bring verticalized GenAI capabilities to the telecommunications industry. The collaboration includes the establishment of a GenAI lab and center of excellence to accelerate adoption and development of GenAI technologies for communications service providers (CSPs).
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Amdocs (DOX) will host an investor webinar discussing Generative AI's impact on communications and media companies, in collaboration with Bank of America Equity Research.
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Amdocs (DOX) CFO & COO Tamar Rapaport-Dagim will host group meetings for financial analysts and investors during Mobile World Congress Barcelona. Contact Amdocs Investor Relations for seat reservations.
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Amdocs (NASDAQ: DOX) and BMC form an alliance to enhance digital operations in telecommunications and financial services industries, promoting growth, automation, and efficiencies. This collaboration aims to leverage Amdocs' expertise and BMC's solutions to deliver industry-leading automation and service management solutions, enabling the transformation of these sectors for future experiences.
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Amdocs (DOX) introduces CES24 with CES Copilot, a generative AI-driven suite empowering service providers to enhance efficiency, agility, and customer experience. CES24 features telco-specific GenAI capabilities, cloud-native agility, and a Customer Engagement Platform. Amdocs will showcase CES24 at Mobile World Congress 2024 in Barcelona.
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Amdocs (NASDAQ:DOX) has entered a multi-year agreement with TPG Telecom, a leading telecom operator in Australia, to deliver a consolidated monetization platform deployed on the public cloud. This platform aims to enhance operational efficiency and drive revenue growth in enterprise, government, and business sectors. Amdocs will support the integration of TPG's legacy systems, replacing a total of seven incumbents, and modernize and consolidate TPG's legacy systems into a modern, sophisticated monetization platform, serving the Australian operator's customer segments including business, enterprise, government, and wholesale customers.
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Amdocs (NASDAQ:DOX) announced an expanded collaboration with Magyar Telekom, one of Hungary's leading telecommunication operators, to modernize its policy control platform and capture the opportunities of the 5G era. The multi-year agreement will see Amdocs deploying its fully cloud-native policy control platform, providing Magyar Telekom with a single convergent platform for both Policy and Charging Rules Function across 4G and 5G networks. This collaboration aims to accelerate the introduction of new 5G services and enhance the customer experience, with the Amdocs platform enabling flexibility, scalability, and adherence to the latest industry standards. The partnership will allow Magyar Telekom to deliver innovative services to its customers and benefit from operational advantages in the 5G era.
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FAQ
What is the current stock price of Amdocs (DOX)?
The current stock price of Amdocs (DOX) is $85.2 as of November 21, 2024.
What is the market cap of Amdocs (DOX)?
The market cap of Amdocs (DOX) is approximately 9.9B.
What services does Amdocs offer?
Amdocs provides software and services for business support systems, operational support systems, network control and optimization, as well as managed services.
What industries does Amdocs serve?
Amdocs primarily serves the communications, entertainment, and media industries.
What are some recent achievements of Amdocs?
Recent achievements include the expansion of its subscription marketplace, modernization of 5G services with Magyar Telekom, and strategic collaborations with DELTA Fiber Nederland and BMC.
What is Amdocs CES24?
CES24 is the latest version of Amdocs Customer Experience Suite, which utilizes generative AI to enhance service provider capabilities across BSS, OSS, and network.
How is Amdocs leveraging AI in its solutions?
Amdocs integrates generative AI through its CES24 suite and CES Copilot, providing advanced capabilities like natural language processing and automated service orchestration.
What is Amdocs' financial performance for fiscal 2023?
Amdocs reported revenue of $4.89 billion for fiscal 2023, showcasing strong market performance and growth.
How many employees does Amdocs have?
Amdocs employs approximately 29,000 people worldwide.
What is Amdocs' geographical presence?
Amdocs operates in over 90 countries, with a significant presence in North America, Europe, and other regions.
What are Amdocs' future plans?
Amdocs aims to drive innovation in cloud migration, 5G monetization, and network automation, continuing to deliver value to its customers.
Where can I find more information about Amdocs?
More information can be found on Amdocs' official website, www.amdocs.com.
Amdocs Limited
Nasdaq:DOX
DOX Rankings
DOX Stock Data
9.87B
114.19M
98.44%
2.49%
Software - Infrastructure
Technology
United States of America
Saint Louis