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 (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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Amdocs (NASDAQ:DOX) has announced that Spanish service provider Finetwork has selected Amdocs to transform its core business systems, enabling it to offer triple-play options for end-users encompassing fiber, TV, and mobile services in a more flexible, cost-effective way. The AI-based Digital Brands Suite as a Service, powered by AWS, will provide Finetwork with a ready-to-go solution for quick onboarding and managing the entire customer lifecycle, creating a complete digital experience for Finetwork customers and allowing the operator to seamlessly scale up and react quickly to changing market dynamics.
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Amdocs (NASDAQ:DOX) has been selected by A1 Telekom Austria to redefine the subscription experience, empowering the Austrian operator to provide its end users with a wide range of easily accessible digital services. Amdocs' cloud-native, SaaS, scalable aggregation platform will enable A1 Telekom Austria to quickly aggregate and partner with digital services, simplifying the digital experience for its customers and driving operational efficiencies. The collaboration aims to create multi-partner bundles, offering end users a more personalized user experience with customizable plans and recommendations tailored to individual preferences.
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Amdocs (NASDAQ: DOX) announces a cloud transformation and managed services agreement with NTT Infrastructure Network Corporation, a Japanese information and communication infrastructure specialist in the NTT Group. The agreement involves modernizing and migrating NTT InfraNet's IT operations systems to the cloud, aiming to drive efficiency, introduce cost savings, and enhance business capabilities. Amdocs will provide a comprehensive cloud platform, migrate legacy IT systems to the cloud, and provide cloud security and operations services. The collaboration aims to strengthen core businesses, reduce IT operations costs, gain development agility, improve security, and foster better visibility. Amdocs will showcase its ongoing innovation at the Mobile World Congress Barcelona, February 26-29, 2024.
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Amdocs Limited (NASDAQ:DOX) reported a record quarterly revenue of $1.25 billion, up roughly 5% YoY, with a 12-month backlog of $4.21 billion, up roughly 3% YoY and $60 million QoQ. The company reiterated fiscal 2024 revenue growth of roughly 1%-5% YoY and double-digit diluted earnings per share growth in fiscal 2024. The first quarter fiscal 2024 highlights include record revenue growth across all regions, with managed services revenue equivalent to approximately 58% of total revenue. GAAP operating margin was 14.8%, up 210 basis points compared to the prior year. Non-GAAP operating margin was 18.1%, up 40 basis points compared to the prior year. The company repurchased $159 million of ordinary shares during the first fiscal quarter. The expected revenue growth for the full year fiscal 2024 is 1.1%-5.1% as reported and 1.2%-5.2% on a constant currency basis.
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Amdocs (NASDAQ:DOX) announced that CFO & COO Tamar Rapaport-Dagim will speak at the Morgan Stanley Technology, Media & Telecom Investor Conference on March 6. The live webcast will be available at their website.
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Amdocs (NASDAQ: DOX) announced its new End-to-End Service Orchestration (E2ESO) solution, designed to streamline business intent delivery and enhance service providers' operational efficiency. The solution, already deployed across multiple customers, acts as a bridge between the desired business outcome and the necessary network resources and configurations. By enabling CSPs to support innovative monetization models beyond connectivity, the Amdocs solution harnesses the power of virtualization, cloud, 5G, slicing, edge technologies, and approaches like Network-as-a-Service (NaaS) and API Exposure. The E2ESO solution significantly reduces time to market (TTM) and total cost of ownership (TCO) with its agile, open, microservices-based architecture, while its intent-driven design operates seamlessly across domains, vendors, and technologies such as NaaS, SD-WAN, and 5G, and follows a standards-aligned approach. The integration of the recently acquired TEOCO service assurance solution provides a complete closed-loop approach to end-to-end service orchestration. Amdocs will be showcasing End-to-End Service Orchestration and other solutions at Mobile World Congress Barcelona, February 26-29, 2024.
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Amdocs (DOX) Unveils CPQ Pro, a Next-Generation AI-Infused Software for Communications Service Providers
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FAQ
What is the current stock price of Amdocs (DOX)?
The current stock price of Amdocs (DOX) is $87.01 as of December 20, 2024.
What is the market cap of Amdocs (DOX)?
The market cap of Amdocs (DOX) is approximately 9.8B.
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
9.77B
112.89M
98.41%
2.48%
Software - Infrastructure
Technology
United States of America
Saint Louis