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 Ltd (NASDAQ: DOX) provides mission-critical software solutions for global communications and media providers. This news hub offers investors and industry professionals centralized access to official announcements and strategic updates.
Track Amdocs' latest developments including earnings reports, product innovations, and partnership agreements. Our curated collection ensures timely updates on cloud migration initiatives, AI-driven automation advancements, and customer experience platform enhancements.
Key content categories include quarterly financial results, technology patent announcements, managed services expansions, and leadership updates. Bookmark this page for reliable information about Amdocs' BSS/OSS solutions and digital transformation strategies.
For stakeholders monitoring the telecom software sector, this resource simplifies tracking of DOX's market position and operational milestones. Return regularly for unfiltered updates directly from corporate communications and verified industry sources.
Amdocs reported third-quarter revenue of $1.066 billion, exceeding guidance, driven by a 9.4% year-over-year increase on a pro forma basis. Managed services revenue reached a record $651 million, contributing 61% of total revenue. GAAP diluted EPS was $1.14, surpassing guidance due to lower tax rates. The company has a backlog of $3.59 billion, up 10.8% year-over-year. A cash dividend of $0.36 per share was approved for distribution on October 29, 2021. Amdocs raised its outlook for earnings growth in fiscal 2021, expecting 42%-44% year-over-year GAAP EPS growth.
Amdocs (NASDAQ: DOX) has been selected by Magyar Telekom to support its Future of Billing initiative, streamlining and digitizing its IT infrastructure for a fully converged mobile postpaid service. This strategic partnership aims to enhance customer experience through improved billing processes and increased operational agility in the Hungarian telecommunications market. Amdocs will leverage its expertise in delivering transformational IT projects to support Magyar Telekom's digitalization efforts.
Amdocs has been recognized as the 2021 Best Telco Solution winner for its cloud-native CES suite by the AWS Partner Network. This award highlights Amdocs' innovative contributions to the telecommunications sector using AWS Cloud technology. The CES suite enables communications service providers to transition from legacy systems to a microservices-based architecture, enhancing customer experience and optimizing total cost of ownership. Amdocs recently strengthened its cloud capabilities by acquiring Sourced Group, a tech consultancy specializing in large-scale cloud transformations.
Amdocs (NASDAQ: DOX) has announced enhancements to its cloud-native Policy and Charging Control (PCC) offering, now available as a managed service, in addition to on-premise deployment. This evolution supports service providers in monetizing new 5G and edge assets, enabling a transition beyond traditional connectivity. Serving over 1 billion subscribers, Amdocs aims to facilitate faster service launches with its microservices-based architecture, which allows for continuous updates and minimizes downtime risks.
Amdocs (NASDAQ: DOX) announced the launch of Amdocs CES21, a cloud-native, microservices-based suite designed for 5G service providers. This suite facilitates advanced service delivery and monetization through capabilities like network-as-a-service (NaaS) and private enterprise networks (PEN). Notably, CES21 integrates AI and machine learning for enhanced customer experiences and operational efficiency. The platform includes low-code tools for non-technical users and supports flexible service packaging and real-time billing, aiming to accelerate growth and innovation in the communications sector.
Amdocs (NASDAQ: DOX) announced significant advancements in its eSIM platform, gaining 12 new projects across 10 countries. The platform enables service providers to enhance digital experiences for eSIM-enabled devices, meeting increased demand from the pandemic. New features include the integration of the Amdocs Entitlement Server with new operating systems like Wear OS and applications such as mobile device management (MDM). The growth reflects rapid business momentum and showcases the platform's ability to support diverse sectors, from healthcare to entertainment.
Amdocs (NASDAQ: DOX) announced the launch of its 5G Value Plane, an integrated system that enhances charging and policy functions for service providers. This system aims to empower businesses to become pivotal players in the 5G ecosystem, facilitating innovative business models like B2B2X and network-as-a-service. The 5G Value Plane supports real-time resource consumption, opening new revenue streams and improving monetization strategies. According to Frost & Sullivan, prepared service providers stand to see significant revenue increases as they leverage unique network capabilities.
Amdocs (NASDAQ: DOX) launched Experience360, a low-/no-code technology foundation enabling service providers to easily create new customer experiences with minimal IT support. This platform promotes rapid application development via visual tools, enhancing personalization across customer interactions. Analyst firm Omdia highlighted Amdocs’ advancements in the telecom sector, emphasizing the importance of effective customer engagement amidst competition from internet content providers. The initiative aims to empower business users to adapt quickly to market demands without heavy reliance on IT resources.
Amdocs (NASDAQ: DOX) launched its cloud-native suite, CES21, featuring integrated AI/machine learning analytics aimed at enhancing service providers' operational efficiency and service monetization in the 5G landscape. The NWDAF for 5G enables advanced analytics while supporting automated service management. Analysts note that Amdocs' comprehensive AI strategy mitigates departmental silos, fostering agility and faster service delivery. By leveraging these advanced technologies, Amdocs aims to enhance customer experiences and streamline 5G service implementation, contributing to operational agility.
Amdocs (NASDAQ: DOX) announced that its CFO & COO, Tamar Rapaport-Dagim, will speak at the 44th Nasdaq Investor Conference on June 15 at 7:00 am ET. Investors can access the live webcast and a subsequent replay through the Amdocs investor relations website. The company, which reported $4.2 billion in revenue for fiscal 2020, provides innovative software and services aimed at communications and media companies globally. Amdocs employs 27,000 individuals and is dedicated to enhancing connectivity and advancing societal progress.
FAQ
What is the current stock price of Amdocs (DOX)?
What is the market cap of Amdocs (DOX)?
