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 provides software products and services for communications and media companies, with news commonly centered on customer transformation programs, cloud modernization, digital business systems, and managed operations for telecom and media service providers. Company updates also cover its agentic AI strategy, including aOS, Cognitive Core, CES26, Store Genie, and software offerings that connect customer engagement, billing, ordering, assurance, and network operations.
Amdocs news also includes product launches such as eSIM traveler services, collaborations around application modernization and AI productivity research, global studies on AI-led customer experience, and governance changes involving executive leadership and the board of directors.
Amdocs (NASDAQ: DOX) announced a long-term agreement with AT&T (NYSE: T) to provide support for its business support systems evolution (BSSe) program, aimed at modernizing technology and streamlining operations. This initiative focuses on enhancing speed-to-market and customer experience, while ensuring cost-effectiveness in the implementation of 5G. The project will utilize Microsoft Azure and begin with AT&T's consumer business units, including mobility and broadband.
Amdocs (NASDAQ: DOX) announced a partnership with Globe Telecom, enhancing digital experiences for mobile and fixed-line customers in the Philippines. The implementation of Amdocs' cloud-native Catalog and Commerce Suite aims to automate operations, accelerate service delivery, and improve customer engagement. This comes after successful deployment for Globe's enterprise solutions, with Amdocs empowering Globe to offer new services more rapidly. Amdocs reported revenue of $4.3 billion in fiscal 2021, underscoring its leading position in providing software solutions for communication and media companies.
Amdocs (NASDAQ: DOX) has announced a multi-year modernization agreement with True Corporation, enabling the upgrade of True's billing and charging platform to the cloud-native Amdocs CES21 suite. This partnership will facilitate the launch of new 5G services, providing features like real-time billing and convergent policy control. True aims to enhance customer experience and efficiency while supporting the growth of 5G services in Thailand. The agreement enhances Amdocs' strategic position in the telecommunications market and supports True's digital transformation efforts.
Amdocs Limited (NASDAQ: DOX) reported record fiscal 2021 revenue of $4.3 billion, up 7.0% YoY, with a net income of $688 million, yielding a GAAP diluted EPS of $5.32, up 43.4%. The company achieved a normalized free cash flow of $869 million, reflecting robust cash collections. A record backlog of $3.7 billion signals strong future revenue potential. Guidance for fiscal 2022 anticipates revenue growth between 3.7% and 7.7%, with challenges from foreign currency impacts. A quarterly dividend payment increase of 10% is also proposed.
Amdocs (NASDAQ: DOX) announced a virtual analyst and investor update event scheduled for November 5, 2021. The event aims to highlight the company’s strategic foundation for growth in a digital world. Key executives, including President & CEO Shuky Sheffer, CFO Tamar Rapaport-Dagim, and Group President of Technology Anthony Goonetilleke, will discuss Amdocs’ competitive advantages and growth opportunities. Interested parties can access the event live and find supporting materials through Amdocs’ investor relations website.
Amdocs (NASDAQ: DOX) has entered a seven-year agreement with VEON Ltd to enhance digital services for VEON's Beeline mobile operators in Uzbekistan and Kazakhstan. The partnership focuses on deploying Amdocs's microservices-based monetisation and commerce suites to deliver innovative and personalized customer experiences. As of June 30, 2021, VEON serves 6.7 million customers in Uzbekistan, with over 56% using 4G, and 10 million in Kazakhstan, with 58% on 4G. This collaboration aims to drive digital transformation and growth in these emerging markets.
Amdocs (NASDAQ: DOX) reports significant progress in its 5G initiatives, partnering with major communications providers like AT&T and T-Mobile. In 2021, the company engaged in over 25 new 5G monetization projects across 15 countries. Amdocs enhanced its collaboration with Microsoft to provide cloud-native solutions and was selected by Orange for Europe's first 5G Stand Alone network. The company's 5G solutions have expanded, allowing service providers to innovate and monetize new experiences. Amdocs also received two Leading Lights awards for its advancements in digital enablement.
Amdocs has launched the Digital Brand Suite as-a-Service, a fully integrated cloud-based platform powered by Amazon Web Services (AWS). This suite is designed for telecom digital brands, allowing for rapid innovation and monetization of services while minimizing IT overhead. It supports businesses in scaling operations from initial subscribers to millions, facilitating quicker launches of new offers and enhancing customer engagement. Notably, it employs a 'pay-as-you-grow' model, requiring minimal initial investment.
Amdocs (NASDAQ: DOX) announced a multi-year renewal agreement between its subsidiary Vubiquity and izzi, a prominent cable TV operator in Mexico. This agreement allows Vubiquity to continue providing content licensing and processing for izzitv. Vubiquity will supply a broad range of premium content, enhancing izzi's entertainment offerings. The Group President of Amdocs Media expressed satisfaction with the ongoing collaboration, emphasizing innovation and consumer choice in the region.
Amdocs (NASDAQ: DOX) has been chosen by Orange to deliver business support systems for Europe’s first 5G Stand Alone (SA) experimental cloud network, launched in July 2021 in Lannion, France. This data-driven, cloud-native network aims to serve several hundred users by the end of the year, leveraging Open RAN technology. The integration will utilize Amazon Web Services for a hybrid-cloud network. Amdocs' solutions focus on digital ordering, revenue management, and charging capabilities to enhance 5G services.