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Amdocs has signed a multi-year contract with Colt Technology Services to migrate and transform its network inventory ecosystem. The agreement aims to streamline Colt's inventory processes, enhance agility, and accelerate time-to-market for new services and offerings. Amdocs will consolidate inventory systems, develop the Amdocs Inventory platform on Colt's public cloud, and provide digital transformation services. Colt plans to improve service bundling and customer experience through this collaboration.
Amdocs, a leading provider of software and services, announced that Vubiquity will manage operational activities for MTV Japan under a new licensing agreement with Paramount Global. Vubiquity will oversee licensing, programming, localization, and broadcast operations for the channel, with the transition set to be completed by June 2024. The partnership aims to enhance the viewer experience by providing a mix of Japanese, Korean, and international music content, including award shows and music franchises.
Amdocs has been selected by Japan's JCOM for a multi-year collaboration to modernize and accelerate its business transformation. The partnership aims to enhance operational efficiencies, improve customer experiences, and unlock new revenue opportunities in the competitive broadband market. Amdocs will work with SCSK to provide digital solutions to align JCOM's capabilities with evolving customer needs.
Amdocs (NASDAQ:DOX) announced the successful deployment of Amdocs Subscription Marketplace onto Australia's newest streaming aggregation product, Hubbl, in collaboration with Foxtel Group. This integration aims to enhance the user experience by fusing global streaming content apps with local broadcast video on-demand apps, driving operational efficiencies and seamless user experiences. The deployment is part of Foxtel's strategy to provide integrated digital experiences and drive subscriber growth, ultimately increasing customer lifetime value.
Amdocs reported solid second quarter 2024 results with record revenue of $1.25 billion, up 1.8% YoY, a 12-month backlog of $4.23 billion, and an updated fiscal 2024 outlook expecting revenue growth of 1.6%-3.6% YoY. The company aims for accelerated profitability, with GAAP diluted EPS growth of 7.0%-13.0% and non-GAAP diluted EPS growth of 7.0%-11.0%. Operational highlights include managed services revenue of $720 million, a free cash flow of $113 million, and a record twelve-month backlog. Amdocs remains optimistic about market demand and strategic partnerships for future growth.
Amdocs, in collaboration with NVIDIA, has made significant advancements in generative AI technology for the telecommunications sector. The partnership has led to reduced costs, improved latency, and enhanced accuracy in AI-generated responses. By leveraging NVIDIA's AI solutions, Amdocs aims to transform customer experiences and drive operational efficiencies in the telecommunications industry.
Amdocs (NASDAQ: DOX) has announced its schedule for attending various investor conferences during the third quarter of fiscal 2024. The conferences will feature key members of Amdocs leadership engaging with investors and discussing the company's performance and future prospects.
