Amdocs Limited (DOX)
Amdocs Limited (DOX) Q3 2024 Earnings Call Transcript
Amdocs Limited (NASDAQ:DOX ) Q3 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Matt Smith - Head of IR Shuky Sheffer - President and CEO of Amdocs Management Ltd. Tamar Rapaport-Dagim - CFO and COO Conference Call Participants Timothy Horan - Oppenheimer George Notter - Jefferies Tal Liani - Bank of America Yanni Samoilis - Baird Operator Good day and thank you for standing by.
Amdocs (DOX) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Amdocs (DOX) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Amdocs (DOX) Q3 Earnings Top Estimates
Amdocs (DOX) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.57 per share a year ago.
VodafoneZiggo Selects Amdocs to Modernize and Migrate its Monetization Engines to the Cloud, Improving Operational Efficiency and Business Resilience, and Empowering Innovative New Services
Netherlands service provider also signs two-year managed services contract extension, building on existing collaboration with Amdocs; cloud migration project will include both Amdocs and non-Amdocs applications JERSEY CITY, NJ / ACCESSWIRE / August 7, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that VodafoneZiggo, one of the Netherlands' leading communications service providers, has selected Amdocs to modernize and migrate its monetization engines to the public cloud. Furthermore, VodafoneZiggo has also extended its managed services agreement with Amdocs for an additional two years, ensuring the operational smooth-running of these mission-critical systems.
A1 Telekom Austria Selects Amdocs to Modernize its Monetization Platforms
Multi-year project will consolidate and future-proof Austrian operator's billing, charging, and catalog solutions to drive new revenue growth, bring operational efficiencies, and improve the customer experience JERSEY CITY, NJ / ACCESSWIRE / August 7, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced it has been selected by A1 Telekom Austria, the Austrian subsidiary of A1 Group, a leading Central and Eastern Europe service provider, to upgrade and modernize its monetization platforms. The multi-year project will future-proof the Austrian operator's billing, charging, and catalog solutions, simplifying systems, and providing the basis for the consolidation of A1 Telekom Austria's monetization engines into a fully convergent platform.
A1 Group Goes Live with Amdocs to Simplify Subscription Experience for Non-Telco Services
Amdocs' Subscription Marketplace is now going live across six A1 Group countries, simplifying the subscription experience of third-party services for its customers JERSEY CITY, NJ / ACCESSWIRE / August 7, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced it has completed a successful go-live of its Subscription Marketplace solution across six countries in the A1 Group, a leading Central and Eastern Europe service provider, delivering a user-friendly platform that caters to the diverse needs of A1's customers. Amdocs Subscription Marketplace simplifies the process of onboarding new B2C partners and the digital subscription experience for new external services of A1 Group's end users in Austria, North Macedonia, Bulgaria, Serbia, Croatia, and Slovenia, enabling them to efficiently manage, customize, and enjoy their subscriptions across media, business, and beyond, all on a single platform.
Globe Accelerates Digital Transformation with Amdocs' AI and Data Platform
Hosted on Google Cloud Platform, the unified AI-ready data platform will provide Globe with cost-effective, scalable business insights, enabling enhanced customer experience JERSEY CITY, NJ / ACCESSWIRE / August 7, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that Globe, a leading digital solutions provider in the Philippines, has selected Amdocs' AI and Data Platform for its information data hub. Hosted on Google Cloud, the centralized platform will enable Globe to enhance its operations by embedding data-driven decision-making and providing more personalized customer experience across digital services.
Charter Extends Hosting and Managed Services Agreement in Support of Spectrum Mobile
JERSEY CITY, NJ / ACCESSWIRE / August 7, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the extension and expansion of its hosting and managed services agreement with Charter Communications, Inc., a leading broadband connectivity company and cable operator with services available to more than 57 million homes and businesses in 41 states through its Spectrum brand. Under this multi-year agreement, Amdocs will continue to provide Spectrum Mobile with hosting and operational support for its mobile billing system along with business enhancement capacity.
AT&T Selects Amdocs to Enable Disruptive Digital Brands
Amdocs' connectX will enable AT&T to power challenger brands, MVNOs, and more with record speed JERSEY CITY, NJ / ACCESSWIRE / August 7, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that AT&T (NYSE:T) has selected the Amdocs connectX cloud-native SaaS (software as a service) platform to support AT&T's mission to build a cutting-edge ecosystem for evolving consumer landscapes. ConnectX provides a turnkey, telco-in-a-box solution powered by Amazon Web Services (AWS).
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.
