Amdocs Limited - $DOX STOCK NEWS

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.

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.

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.

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.

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.

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.

Amdocs (DOX) Unveils CPQ Pro, a Next-Generation AI-Infused Software for Communications Service Providers

Amdocs (DOX) Recognized as Global Leader in Monetization Platforms, Revenue Management, and Customer Experience by Analyst Firms

Amdocs (NASDAQ:DOX) recognized for sustainability and corporate responsibility, earning a place on the prestigious S&P Dow Jones Sustainability Index for North America for the fifth consecutive year.