Amdocs Limited Reports Third Quarter Fiscal 2024 Results
Record Quarterly Revenue of $1.25 Billion, up 1.1% YoY as Reported and 1.8% YoY in Constant Currency(1) Record 12-Month Backlog of $4.25 Billion, up 2.7% YoY Updates Fiscal 2024 Outlook: Expects Revenue Growth of 1.9%-2.7% YoY as Reported Reiterates Midpoint of Revenue Growth Outlook in Constant Currency(1) while Tightening Expected Range to 2.3%-3.1% YoY On-track to Achieve Accelerated Profitability Targets in Fiscal 2024 Expects GAAP Diluted EPS Growth of 7.4%-9.2% YoY Reiterates Midpoint of Non-GAAP Diluted EPS Growth Outlook while Tightening Expected Range to 8.5%-9.5% YoY Third Quarter Fiscal 2024 Highlights (All comparisons are against the prior year) Record revenue of $1,250 million, up 1.1% as reported and up 1.8% in constant currency(1); revenue was at the midpoint of the $1,235-$1,275 million guidance range, adjusting for a negative impact from foreign currency movements of approximately $5 million compared to our guidance assumptions Record managed services revenue of $741 million, equivalent to approximately 59% of total revenue GAAP diluted EPS of $1.21, including a restructuring charge of 11 cents per share, without which GAAP diluted EPS would have been at the high end of the guidance range of $1.24-$1.32 Non-GAAP diluted EPS of $1.62, at the higher end of the guidance range of $1.57-$1.63 GAAP operating income of $176 million; GAAP operating margin of 14.1%, up 160 basis points sequentially and down 70 basis points as compared to last year's third fiscal quarter Non-GAAP operating income of $232 million; non-GAAP operating margin of 18.6%, up 80 basis points as compared to last year's third fiscal quarter and up 20 basis points sequentially, reflecting a continued focus on operational excellence Free cash flow of $175 million, comprised of cash flow from operations of $191 million, less $16 million in net capital expenditures and other(2), including approximately $18 million of restructuring payments Repurchased $169 million of ordinary shares during the third fiscal quarter Record twelve-month backlog of $4.25 billion, up approximately 2.7% as compared to last year's third fiscal quarter and up approximately $20 million sequentially Revenue on a constant currency basis assumes exchange rates in the current period were unchanged from the prior period Please refer to the Selected Financial Metrics tables below (figures may not sum because of rounding) Expected total shareholder return assumes Non-GAAP EPS growth plus dividend yield JERSEY CITY, NJ / ACCESSWIRE / August 7, 2024 / Amdocs Limited (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today reported operating results for the three months ended June 30, 2024. "We delivered solid Q3 results, highlighted by accelerated profitability gains and record revenue, in line with the midpoint of our guidance after currency adjustments.
Amdocs Releases Fourth Quarter Fiscal 2024 Investor Conference Schedule
JERSEY CITY, NJ / ACCESSWIRE / August 6, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced it will attend the following investor conferences during the fourth quarter of fiscal 2024: Aug 14: Oppenheimer 27th Annual Technology, Internet & Communications Conference VirtualFireside Chat + Investor meetingsAnthony Goonetilleke, Amdocs group president Technology & head ofStrategy and Matt Smith, Amdocs head of Investor Relations Aug 22: 9th Annual Wells Fargo Fintech, Information & Business Services Forum Newport Harbor Island Resort, Newport, RIInvestor meetingsMatt Smith, Amdocs head of Investor Relations Aug 28: Jefferies Semiconductor, IT Hardware & Communications Technology Summit Four Seasons Hotel, Chicago, ILInvestor meetingsShuky Sheffer, Amdocs President & CEO and Matt Smith, Amdocshead of Investor Relations Sep 4: Citi's 2024 Global TMT Conference Lotte New York Palace Hotel, New York, NYFireside chat + Investor meetingsTamar Rapaport-Dagim, Amdocs CFO & COO and Matt Smith,Amdocs head of Investor Relations Sep 10: Piper Sandler Growth Frontiers Conference Virgin Hotels, Nashville, TNInvestor meetingsMatt Smith, Amdocs head of Investor Relations Sep 12: Jefferies Tech Trek The David Kempinski Tel Aviv, Tel Aviv, IsraelInvestor meetingsTamar Rapaport-Dagim, Amdocs CFO & COO About Amdocs Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers' innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers.
Unlocking Q3 Potential of Amdocs (DOX): Exploring Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Amdocs (DOX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
DOX vs. DT: Which Stock Is the Better Value Option?
Investors looking for stocks in the Computers - IT Services sector might want to consider either Amdocs (DOX) or Dynatrace (DT). But which of these two stocks presents investors with the better value opportunity right now?
Amdocs Collaborates with Google Cloud for Real-Time Data Insights
Amdocs now leverages Google Cloud's unified AI-ready data platform to help service providers evolve with cost effective, scalable, and impactful business insights JERSEY CITY, NJ / ACCESSWIRE / June 18, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced a collaboration with Google Cloud to accelerate successful data transformations for communications service providers (CSPs) and better provide impactful real-time business insights. Amdocs' AI and Data Platform (previously DataOne) now leverages Google Cloud's unified AI-ready data platform to help CSPs better leverage data to make business decisions.
Amdocs (DOX) & Oracle's Partnership Secure Major Deal From AT&T
Amdocs' (DOX) biggest client, AT&T, completes the migration of its Amdocs Customer Experience Suite data to Oracle Cloud Infrastructure.
Amdocs (DOX), Google Cloud Partner to Enhance eSIM Capabilities
Amdocs (DOX) has recently joined forces with Google Cloud to provide an end-to-end eSIM onboarding solution, which is expected to significantly enhance the adoption and usability of eSIMs for CSPs globally.
Amdocs to Simplify eSIM Activation with Google Cloud
Consumers can now activate their eSIM-based devices more easily, offering a superior customer experience to the fast-growing eSIM technology JERSEY CITY, NJ / ACCESSWIRE / June 11, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced a collaboration with Google Cloud to integrate their technologies and offer an end-to-end eSIM onboarding solution to communications service providers (CSPs), representing a significant step forward in the evolution of eSIM adoption. Amdocs' eSIM Cloud platform, rated the #1 vendor in eSIM orchestration platforms by Counterpoint Research, is now integrated with Google Cloud's Telecom Subscriber Insights to provide a seamless and simplified experience for end customers.
Amdocs: An Undervalued Dividend Growth Stock With 28% Margin Of Safety
Amdocs Limited is an undervalued dividend-growth company with a low debt-to-capital ratio and expected high single-digit earnings growth. The company is a leading provider of software and services for communications and media industry providers. Amdocs has a strong balance sheet and predictable revenue, and analysts are bullish on its future prospects.
Amdocs CFO & COO Tamar Rapaport-Dagim to Speak at the Nasdaq Investor Conference in Partnership with Jefferies
JERSEY CITY, NJ / ACCESSWIRE / June 7, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that CFO & COO Tamar Rapaport-Dagim will speak at the Nasdaq Investor Conference in Partnership with Jefferies on June 11 at 8:00 am ET. The live webcast will be available at Click Here and a replay will be available at the same address.
Amdocs Named Snowflake Telecom AI Data Cloud Services Partner of the Year 2024
The award recognizes Amdocs' innovative accomplishments and track record in driving AI Data Cloud adoption in the telecom industry JERSEY CITY, NJ / ACCESSWIRE / June 6, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced at Snowflake's annual user conference, Snowflake Data Cloud Summit 2024, that it has been named the 2024 Telecom AI Data Cloud Services Partner of the Year award winner by Snowflake, the AI Data Cloud company. Amdocs was recognized for its achievements as part of the Snowflake AI Data Cloud, demonstrating a strong track record in driving telecom data cloud adoption through its industry expertise, services and solutions delivered alongside Snowflake.
Amdocs Announces Availability of Amazon Bedrock Services on its amAIz Generative AI Platform to Accelerate Cloud Migration, Simplify Network Operations, and Improve Customer and Billing Experiences
Customers can use Amazon Bedrock within Amdocs amAIz to enhance network efficiency, improve insights, proactively address potential problems and provide an improved billing experience JERSEY CITY, NJ / ACCESSWIRE / June 5, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the availability of Amazon Web Services (AWS) Generative AI services in Amdocs' TelcoGPT platform, amAIz. The integration bolsters the ability for Amdocs customers to leverage generative AI to improve network operations, billing communications and customer experience taking advantage of the Foundation Model selection flexibility AWS generative AI services offers.
