Amdocs Ltd Stock Price, News & Analysis

Amdocs (NASDAQ: DOX) and Atrinet have partnered to enhance inventory workflows for Slovak Telekom and T-Mobile Czech Republic. This collaboration involves Amdocs upgrading operations support systems with a comprehensive resource inventory system and Atrinet's automation solutions. The goal is to modernize and consolidate inventory platforms to meet growing network demands. Executives from both companies emphasize the importance of improving productivity and customer experience, reflecting a strong commitment to ongoing innovation in network management.

Amdocs Limited (NASDAQ: DOX) reported second quarter fiscal 2021 revenue of $1,049 million, exceeding guidance of $1,015-$1,055 million. Managed services revenue reached $635 million, representing 61% of total revenue. GAAP diluted EPS was $0.91, while non-GAAP diluted EPS hit $1.13. The company returned $403 million to shareholders via dividends and share repurchases. Amdocs announced the acquisition of Sourced Group to enhance its cloud capabilities and raised its fiscal 2021 outlook for revenue and EPS growth, driven by a 12-month backlog of $3.54 billion.

Amdocs (NASDAQ: DOX) announced that M1 Limited, a digital network operator in Singapore, will implement its Openet solution aimed at enhancing digital and 5G services management. The collaboration focuses on accelerating M1's digital transformation on Microsoft Azure, enabling hyper-personalized offerings and real-time customer data usage insights. Amdocs aims to enhance M1’s customer experience and support Singapore’s digital economy while providing agility and faster market responsiveness.

Amdocs (DOX) announced its participation in several virtual investor conferences in Q3 fiscal 2021. Key dates include:

• May 17: 16th Annual Needham Virtual Technology & Media Conference
• May 18: Barclays Americas Select Conference
• May 24: Oppenheimer & Co 22nd Annual Israeli Investor Conference
• June 7: Oppenheimer & Co Virtual Software & Semiconductor Bus Tour
• June 8: Stifel 2021 Virtual Cross-Sector Insight Conference
• June 9: Baird’s 2021 Global Consumer, Technology & Services Conference
• June 10: BofA Global Technology Conference
• June 15: Nasdaq 44th Investor Conference

Further details will be available on Amdocs' investor relations website.

Amdocs (NASDAQ: DOX) has joined the Open Networking Foundation (ONF) to enhance network control and management solutions using AI, ML, and cloud automation. This membership aligns with the ONF's SD-RAN project, which focuses on customizable Radio Access Network solutions through open-source technology. Amdocs' involvement aims to innovate service delivery and operational efficiency in network infrastructure. With a revenue of $4.2 billion in fiscal 2020, Amdocs emphasizes cloud-native technologies to transform service provider operations.

Amdocs (NASDAQ: DOX) has partnered with Fastweb, a leading Italian telecommunications operator, to modernize its network inventory systems. This initiative aims to transform Fastweb's IT infrastructure, making it more flexible and ready for 5G services. Amdocs will implement next-generation OSS solutions to enhance operational efficiency and service quality, enabling Fastweb to provide improved customer experiences and faster time-to-market for new services. This modernization is crucial for supporting Fastweb's growth and the delivery of innovative services.

Amdocs Limited (NASDAQ: DOX) announced an investor conference call and webcast on April 8, 2021, at 8:30 AM Eastern Time. This follows their previous announcement on April 1, 2021. Investors can participate in the call via a provided link or by dialing in with a specific passcode. Amdocs, which serves major players in the communications and media industry across 85 countries, reported a revenue of $4.2 billion in fiscal 2020. For more information, visit their official website.

Amdocs (NASDAQ: DOX) has successfully partnered with Globe Telecom to launch a service and network automation platform for network functions virtualization (NFV) and cloud orchestration. This initiative positions Globe as a leader in offering virtual network services in the Philippines. The platform will provide enterprises with enhanced security, real-time network visibility, and customizable services. Globe aims to meet the growing demand for digital services, enabling businesses to swiftly adapt to new network offerings.

Amdocs (NASDAQ: DOX) addressed a short seller report by Jehoshaphat Research, asserting it contained inaccurate and speculative claims aimed at negatively impacting the stock. Amdocs reported record revenue exceeding $4.2 billion for fiscal 2020, with stable non-GAAP operating margins. The company emphasized its strong financial outlook and position to benefit from digital modernization trends, particularly in 5G technology and cloud adoption. Amdocs plans to update investors with more details soon.