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Amdocs Limited (DOX) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

It has been about a month since the last earnings report for Amdocs (DOX - Free Report) . Shares have added about 7% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Amdocs due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Amdocs Limited before we dive into how investors and analysts have reacted as of late.

Amdocs Q3 Earnings Match Expectations, Revenues Rise Y/YAmdocs reported third-quarter fiscal 2026 non-GAAP earnings of $1.84 per share, which increased 7% on a year-over-year basis. The figure matched the Zacks Consensus Estimate.

Amdocs’ fiscal third-quarter revenues of $1.175 billion missed the consensus mark by 0.04%. The top line increased 2.7% on a reported basis and 2.2% on a constant-currency basis.

DOX's Managed Services Business Sets a RecordManaged services delivered record revenues and accounted for 67% of total revenues. Managed services revenues rose 2.5% year over year to a record $791 million. The business continued to provide revenue visibility through multiyear agreements and consistently high renewal rates.

Amdocs expanded its managed services relationships during the quarter. The company signed an agreement with a U.S. digital television entertainment provider for a billing migration program and extended its collaboration with Telefonica Vivo to support customer growth and OSS modernization.

The company ended the third quarter of fiscal 2026 with a 12-month backlog of $4.26 billion, up 2.7% year over year. Our model estimates for managed services revenues and backlog were pegged at $769.5 million and $4.29 billion, respectively.

Amdocs’ Q3 in DetailDOX reported growth in revenues across North America, Europe and the Rest of the World (RoW). North America reported revenues of $748.1 million (63.7% of the total revenues), which increased 0.4% year over year. Europe revenues (16.5% of the total revenues) of $193.5 million increased 2.2% year over year.

RoW revenues (19.9% of the total revenues) increased 11.3% year over year to $233.3 million. Our model estimates for North America, Europe and RoW were pinned at $765.9 million, $197.2 million and $212.8 million, respectively.

Non-GAAP operating income increased to $253.4 million from $244.7 million in the year-ago quarter. The non-GAAP operating margin expanded 20 basis points year over year and 10 basis points sequentially to 21.6%.

DOX’s Balance Sheet & Cash FlowAmdocs had cash and cash equivalents of $206.5 million as of June 30, 2026, compared with $214.5 million as of March 31, 2026. Long-term debt was $647.4 million as of June 30, 2026, increasing marginally from the March 31, 2026, level of $647.2 million.

In the fiscal third quarter, the company generated an operating cash flow of $197.2 million and a free cash flow of $171.9 million. During the quarter, it repurchased shares worth $143 million and paid out $60 million in dividends.

DOX Reiterates Key Fiscal 2026 TargetsFor the fourth quarter of fiscal 2026, Amdocs expects revenues between $1.175 billion and $1.215 billion. Amdocs’ Non-GAAP diluted earnings are projected in the range of $1.94-$2 per share.

For fiscal 2026, reported revenue growth is now expected between 3.2% and 4% compared with the previous range of 2.6-4.6%. Constant-currency growth is projected between 2.6% and 3.4%, retaining the prior 3% midpoint.

Non-GAAP earnings growth is expected between 5.5% and 6.5%, with the 6% midpoint unchanged. The company maintained its non-GAAP operating margin forecast of 21.3-21.9% and free cash flow outlook of $710-$730 million.

How Have Estimates Been Moving Since Then?It turns out, estimates review flatlined during the past month.

VGM ScoresAt this time, Amdocs has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock has a grade of A on the value side, putting it in the top quintile for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Amdocs has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerAmdocs is part of the Zacks Computers - IT Services industry. Over the past month, Cognizant (CTSH - Free Report) , a stock from the same industry, has gained 13.6%. The company reported its results for the quarter ended June 2026 more than a month ago.

Cognizant reported revenues of $5.48 billion in the last reported quarter, representing a year-over-year change of +4.5%. EPS of $1.37 for the same period compares with $1.31 a year ago.

Cognizant is expected to post earnings of $1.44 per share for the current quarter, representing a year-over-year change of +3.6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

Cognizant has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.

Amdocs offers steady cash flow, resilient margins, and a robust backlog yet trades at deep discounts to sector averages. DOX maintains strong free cash flow guidance ($710–$730 million for FY26), with 90% conversion from non-GAAP net income and a $4.26 billion backlog. Capital returns remain attractive: a 3.57% dividend yield, consistent buybacks, and ample liquidity with $206 million cash and $520 million in unused revolver.

Designed to simplify technology operations and increase business agility, the partnership creates a stronger foundation for innovation and long-term modernization

JERSEY CITY, NJ / ACCESS Newswire / August 19, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies today announced a multi-year managed services agreement with Telefónica Chile S.A. and Telefónica Moviles Chile S.A., companies operated by Millicom in Chile, marking a significant milestone in the companies' strategic relationship and establishing a foundation for broader collaboration opportunities across the region.

Under the agreement, Millicom's operations in Chile will leverage Amdocs' full-stack business support systems and operations support systems, supported by AI-driven application management, operations services, and software factory expertise. Together, these capabilities will accelerate the delivery of enhancements, new functionality and change requests, help Millicom streamline technology operations, and respond more quickly to evolving business and customer needs.

"Amdocs has demonstrated strong partnership, flexibility and creativity in supporting the operation in Chile, as we continue optimizing our operations following our acquisition stake of Telefónica Chile," said Christophe Eyquem, CIO, Millicom. "Through this agreement, we aim to simplify our product portfolio, improve operational efficiency, accelerate time to market, and strengthen service performance across the business."

Designed to support Millicom's long-term modernization strategy in Chile, the engagement creates a more agile operating model that simplifies technology operations, accelerates innovation, and strengthens the company's ability to respond to evolving business and customer needs.

"Millicom has a clear vision to simplify and strengthen its operations in Chile while building a more agile, efficient, and customer-focused business," said Anthony Goonetilleke, Group President of Technology and Head of Strategy, Amdocs. "We're proud to support that vision by helping Millicom improve operational efficiency, accelerate innovation, and build a scalable foundation for long-term growth. Through our expertise in managed services, automation, and AI-driven operations, we're helping Millicom move faster and deliver greater value to its customers. Together, we're building a long-term partnership focused on delivering innovation, operational excellence, and better customer outcomes."

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About Amdocs

Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ: DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, and for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.

Media Contacts
Mallory Smith
Amdocs Public Relations
[email protected]

SOURCE: Amdocs Management Limited

Amdocs NASDAQ: DOX is positioning artificial intelligence as a central component of its long-term strategy, with a focus on agentic software for telecommunications providers, expansion into adjacent markets and internal operational transformation, Group President of Technology and Head of Strategy Anthony Goonetilleke said during an Oppenheimer discussion.

Goonetilleke said the company has been realigning its vision and strategy following the transition to a new CEO, identified in the discussion as Shimie. The effort is focused on the next one, three and five years rather than near-term quarterly objectives, he said.

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“We’re really grabbing all of this convergence of technology from connectivity to AI, to cloud acceleration, to the edge,” Goonetilleke said. Amdocs is seeking to deliver value for large customers while balancing the cost implications of technology deployments, he added.

Three strategic pillars Goonetilleke described Amdocs’ strategy as three main pillars supported by an internal transformation effort.

Agentic transformation for telecommunications: Amdocs plans to continue investing in its business support systems and operations support systems, or BSS and OSS, while developing a next-generation agentic platform. Goonetilleke said the company sees a future in which software can increasingly “auto-heal,” evolve and manage changes with less manual IT intervention. Expansion into another complex vertical: The company believes its experience building mission-critical, always-on software for a heavily regulated industry can be applied to another sector with similar requirements. Goonetilleke did not identify the potential vertical. Adjacent opportunities in emerging technology markets: Amdocs is evaluating opportunities related to edge computing, workload management, security, virtualization and monetization. The company has been discussing edge mesh-grid concepts with NVIDIA, he said. On the edge opportunity, Goonetilleke said telecom providers possess distributed sites that are powered, air-conditioned and connected by fiber. These locations could potentially support compute capacity closer to enterprises and consumers, but would require software to manage workloads, security, partitions, virtualization and commercial models.

He said Amdocs does not intend to broadly enter unrelated sectors, but is evaluating adjacent applications for technologies it has already developed. For example, the company has been working on post-quantum cryptography compliance for its enterprise applications and sees potential relevance beyond its own operations.

Internal AI adoption and token-cost controls The company is also pursuing what Goonetilleke called an internal “customer zero” approach to becoming more agentic. He said Amdocs is a major user of Cursor and is deploying AI tools across functions including development, marketing, legal and human resources.

However, he emphasized that AI adoption introduces a new cost-management challenge: organizations must evaluate labor costs alongside the cost of tokens consumed by AI models. Amdocs has developed dashboards to monitor employee AI usage and is using model-routing tools designed to direct tasks to lower-cost models when appropriate, he said.

Goonetilleke said the company has not encountered a shortage of graphics processing units needed for its own operations. Amdocs has relationships with NVIDIA and is considering a more hybrid approach spanning frontier models, on-premises resources and GPU reuse, he said.

While AI can improve productivity, Goonetilleke said Amdocs must maintain human oversight and code-quality controls because its software supports mission-critical customer environments. He said the company views AI not only as a potential source of margin improvement, but also as a way to deliver more capabilities and expand its addressable market.

Telco AI platform opportunity Goonetilleke said Amdocs is developing both agentic capabilities for its BSS and OSS stack and a broader AI “harness” for governance, model selection, security and cost management. He said such components could potentially be white-labeled by telecom providers and offered to enterprise customers.

Enterprises face similar issues involving model routing, security, governance and observability, he said. Telecom providers could bundle AI services with connectivity offerings, potentially including token allowances, access to frontier or hosted models, and personal AI agents.

Goonetilleke argued that the larger opportunity for telecom providers extends beyond selling GPUs as a service. While GPU capacity could become a cost-plus or commodity-like offering over time, he said higher-value opportunities could include inference services and software platforms built above the infrastructure layer.

He said telecom providers may be well positioned to address small and mid-sized businesses because connectivity is among the first services businesses procure when launching operations. Still, he said telecom executives will need to move beyond traditional connectivity offerings and take a more ambitious approach to AI services.

Early customer-care results Goonetilleke cited an unnamed European customer that deployed an agentic system on its WhatsApp customer-service channel. Under the prior standard chatbot, roughly 30% to 40% of interactions were handled without escalation, while 60% to 70% of customers sought human assistance, he said.

With the newer agentic approach, 97% of inbound interactions on the channel were handled without human intervention or escalation, according to Goonetilleke. Only 3% required a live person, he said.

He also cited an unnamed network-related customer project that reduced annual operating costs in a particular area by 60%. More broadly, he said existing telecom providers will need to redesign workflows across customer care, service operations and network functions rather than simply add isolated AI features to legacy systems.

Goonetilleke said Amdocs continues to view major cloud providers as partners rather than direct competitors, citing its work with AWS and NVIDIA. He said the principal competitive alternative is often customers attempting to build capabilities internally, although some have later sought Amdocs’ help to accelerate their efforts.

About Amdocs (NASDAQ:DOX)Amdocs NASDAQ: DOX is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs' product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra'anana, Israel.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Have you evaluated the performance of Amdocs' (DOX - Free Report) international operations during the quarter that concluded in June 2026? Considering the extensive worldwide presence of this provider of computer systems integration, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.

In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors, understanding a company's reliance on overseas markets has become increasingly crucial, as it offers insights into the company's sustainability of earnings, ability to tap into diverse economic cycles and overall growth potential.

International market involvement serves as insurance against economic downturns at home and enables engagement with economies that are growing more quickly. Still, this move toward diversification is not without its challenges, as it involves navigating through the fluctuations of currencies, geopolitical threats, and the distinctive nature of various markets.

While delving into DOX's performance for the past quarter, we observed some fascinating trends in the revenue from its foreign segments that are commonly modeled and observed by analysts on Wall Street.

The company's total revenue for the quarter amounted to $1.17 billion, marking an increase of 2.7% from the year-ago quarter. We will next turn our attention to dissecting DOX's international revenue to get a clearer picture of how significant its operations are outside its main base.

Decoding DOX's International Revenue TrendsOf the total revenue, $233.3 million came from Rest of the world during the last fiscal quarter, accounting for 19.9%. This represented a surprise of +6.24% as analysts had expected the region to contribute $219.61 million to the total revenue. In comparison, the region contributed $225.8 million, or 19.3%, and $209.6 million, or 18.3%, to total revenue in the previous and year-ago quarters, respectively.

Europe generated $193.5 million in revenues for the company in the last quarter, constituting 16.5% of the total. This represented a surprise of +0.09% compared to the $193.32 million projected by Wall Street analysts. Comparatively, in the previous quarter, Europe accounted for $191.8 million (16.4%), and in the year-ago quarter, it contributed $189.4 million (16.6%) to the total revenue.

Projected Revenues in Foreign MarketsWall Street analysts expect Amdocs to report $1.19 billion in total revenue for the current fiscal quarter, indicating an increase of 3.8% from the year-ago quarter. Rest of the world and Europe are expected to contribute 18.1% (translating to $215.77 million), and 16.1% ($192.62 million) to the total revenue, respectively.

For the entire year, the company's total revenue is forecasted to be $4.7 billion, which is an improvement of 3.6% from the previous year. The revenue contributions from different regions are expected as follows: Rest of the world will contribute 18.5% ($870.68 million), and Europe 16.2% ($759.45 million) to the total revenue.

Closing RemarksAmdocs' reliance on international markets for revenues offers both opportunities and risks. Hence, keeping an eye on its international revenue trends could significantly help forecast the company's prospects.

In an environment where global interconnections and geopolitical skirmishes are intensifying, Wall Street analysts keep a keen eye on these trends, particularly for firms with overseas operations, to adjust their earnings predictions. Moreover, a range of other aspects, including how a company fares in its home country, significantly affects these projections.

Here at Zacks, we put a great deal of emphasis on a company's changing earnings outlook, as empirical research has shown that's a powerful force driving a stock's near-term price performance. Quite naturally, the correlation is positive here -- an upward revision in earnings estimates drives the stock price higher.

The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.

Currently, Amdocs holds a Zacks Rank #3 (Hold), signifying its potential to match the overall market's performance in the forthcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Examining the Latest Trends in Amdocs' Stock ValueOver the past month, the stock has seen an increase of 12.8% in its value, whereas the Zacks S&P 500 composite has posted an increase of 3.4%. The Zacks Computer and Technology sector, Amdocs' industry group, has ascended 2.8% over the identical span. In the past three months, there's been a decline of 3.4% in the company's stock price, against a rise of 6% in the S&P 500 index. The broader sector has increased by 3% during this interval.

Deployment of Amdocs Charging and Amdocs Catalog on Microsoft Azure, together with Amdocs Billing, has simplified operations, improved performance, enables future agentic expansion and supported the successful migration of Bob customers to A1's main brand

JERSEY CITY, NJ / ACCESS Newswire / August 5, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services for communications and media companies, today announced that A1 Austria has successfully completed the deployment of Amdocs Charging, Billing, and Catalog following a multi-year transformation to modernize its monetization environment.

As part of this transformation, A1 Austria has modernized its billing, charging and catalog platform with Amdocs Charging and Amdocs Catalog - deployed on Microsoft Azure - alongside Amdocs Billing, as part of its simplification and cloudification program. The new platform provides a modern, scalable foundation for monetization, delivering higher performance, lower operating costs and a simplified technology landscape.

A1 Austria will benefit from the evolving agentic capabilities of Amdocs Charging, which automate key operational processes and simplify business authoring. This will help reduce complexity, improve efficiency, accelerate service innovation, and lower total cost of ownership over time.

The transformation has also successfully supported the migration of Bob - a mobile virtual network operator (MVNO) established by A1 Austria - customers onto the A1 main brand, helping streamline operations while maintaining service continuity throughout the transition.

"Modernizing our billing and charging environment is an important step in simplifying our operations and creating a more efficient technology foundation," said Boris Gotovac, IT Director at A1 Austria. "By deploying Amdocs Charging, we are significantly improving system performance while reducing operational costs, enabling us to better support our business today and into the future."

"Helping service providers modernize mission-critical monetization platforms is central to what Amdocs delivers, combining proven operational expertise with cloud-native innovation," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "We're proud to support A1 Austria on the successful completion of its monetization platform modernization with Amdocs Charging, Billing, and Catalog. Together, we're building a cloud-native foundation that delivers the performance, scalability and agility needed to support today's business while preparing for tomorrow's opportunities."

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About Amdocs

Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ:DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, and for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.

Media Contacts

Mario Hajiloizi
Amdocs Public Relations
E-mail: [email protected]

SOURCE: Amdocs Management Limited

Amdocs NASDAQ: DOX reported fiscal third-quarter 2026 revenue of approximately $1.175 billion, up 2.7% from a year earlier on a reported basis and 2.2% in constant currency. Non-GAAP diluted earnings per share totaled $1.84, in line with the midpoint of the company’s guidance.

President and CEO Shimie Hortig said the quarter reflected “solid financial and operating performance,” while highlighting the company’s strategy to expand its agentic artificial intelligence offerings. Non-GAAP operating margin rose 20 basis points year over year to 21.6%.

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GAAP diluted EPS was $0.59, below the company’s prior guided range, due to a restructuring charge of roughly $0.91 per share. CFO Tal Rozenfeld said the charge resulted from accelerating Amdocs’ internal transformation and its strategy to become an “agentic-first” organization. Excluding the restructuring charge, GAAP diluted EPS would have exceeded the guided range, he said.

Managed Services Reach Record Revenue Managed services revenue reached a record $791 million during the quarter, representing about 67% of total company revenue and increasing 2.5% from the prior-year period. Hortig said the company continued to see sales momentum for its core products and services, citing customer wins involving Lumen, Telus, Three Scandinavia, Telefônica Vivo, PLDT and Opteck.

The company closed the quarter with 12-month backlog of $4.26 billion, up 2.7% from a year earlier but down $20 million sequentially. Rozenfeld said the measure remains a leading indicator of the company’s business and forward visibility. He added that the Liberty Latin America agreement was partially included in the backlog figure.

Amdocs generated free cash flow before restructuring payments of $193 million in the quarter, or $172 million after $21 million in restructuring payments. The company said it had achieved nearly 75% of its fiscal-year free-cash-flow target through the first nine months.

At June 30, Amdocs had approximately $206 million in cash, aggregate borrowings of about $930 million, and $520 million available under its revolving credit facility. During the quarter, the company repurchased $143 million of its shares and paid $60 million in cash dividends. It had $560 million remaining under its share-repurchase authorization at quarter-end.

Liberty Latin America Signs 10-Year IT Transformation Deal The company’s principal strategic announcement was a new 10-year agreement with Liberty Latin America to manage and transform the provider’s end-to-end IT ecosystem. Hortig characterized the arrangement as a large-scale flagship engagement that will use Amdocs’ aOS, or Agentic Telco Operating System.

According to Amdocs, the project moves beyond traditional IT operations to an AI-driven model intended to accelerate time to market, increase product innovation, improve customer and employee experiences, and create cost savings. Hortig said the agreement represents a major expansion of Amdocs’ prior, smaller footprint with Liberty Latin America.

Hortig said aOS is designed to help telecommunications providers apply agentic AI across business and IT operations, simplify workflows and reduce operating costs. He said the company had launched aOS in early March and had secured 10 customer engagements within roughly five months, although some were smaller initial projects.

Amdocs said AT&T Cricket, Lumen, EchoStar, Bell and PLDT were among the early adopters of aOS. More recently, Verizon, Telus, Sunrise Switzerland, Three Scandinavia and an unnamed Tier 1 Asia-Pacific provider signed initial aOS agreements.

Among examples discussed on the call, Hortig said Telus has shown early results from a customer digital-twin engagement designed to personalize service and sales interactions. Amdocs is also working with Verizon on an agentic AI program to automate RF-design workflows, which remains in active development.

Four-Pillar Agentic Strategy Hortig outlined a four-pillar growth strategy centered on aOS. The first pillar is expanding aOS as the company’s agentic operating system for telecommunications providers. The second is pursuing potential expansion into additional regulated, high-volume and mission-critical industries where Amdocs believes its core-system transformation experience could be relevant.

The third pillar, described as emerging growth horizons, focuses on identifying and scaling technology offerings that address new customer needs arising from generative AI. The fourth calls for Amdocs to transform its own software development, service delivery and operations through agentic capabilities.

Hortig said the company is using its own technology internally as “customer zero.” While Amdocs expects internal agentic transformation to create efficiencies over time, he said it is currently balancing those potential gains with investments in aOS, research and development, sales and marketing, as well as uncertainty around future technology and token costs.

Fiscal 2026 Outlook Reaffirmed Amdocs narrowed its full-year revenue outlook while maintaining its midpoint expectations. The company now expects reported revenue growth of 3.2% to 4.0% for fiscal 2026, including an expected foreign-exchange tailwind of roughly 0.6%. Constant-currency revenue growth is projected at 2.6% to 3.4%, maintaining the 3% midpoint of prior guidance.

About half of expected fiscal 2026 revenue growth is anticipated to be inorganic, Rozenfeld said. Fourth-quarter revenue is projected to be between $1.175 billion and $1.215 billion.

Full-year non-GAAP operating margin is expected to be 21.3% to 21.9%. Non-GAAP diluted EPS growth is expected to be 5.5% to 6.5%, retaining a 6% midpoint. Free cash flow before restructuring payments is expected to be $710 million to $730 million. The company expects to return the majority of its free cash flow to shareholders during fiscal 2026. Rozenfeld said the guidance reflects ongoing monitoring of macroeconomic, geopolitical, business and operational uncertainty, including customer spending behavior.

About Amdocs (NASDAQ:DOX)Amdocs NASDAQ: DOX is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs' product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra'anana, Israel.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Amdocs (DOX - Free Report) reported $1.17 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 2.7%. EPS of $1.84 for the same period compares to $1.72 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.18 billion, representing a surprise of -0.04%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.84.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Amdocs performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Geographic Revenue- North America: $748.1 million versus $763.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.Geographic Revenue- Rest of the World: $233.3 million versus $219.61 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.Geographic Revenue- Europe: $193.5 million compared to the $193.32 million average estimate based on two analysts. The reported number represents a change of +2.2% year over year.View all Key Company Metrics for Amdocs here>>>

Shares of Amdocs have returned +8.5% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Evolution of the Amdocs Customer Experience Suite platform and the modernization of Vivo's OSS systems strengthen the operational capabilities needed to support business growth

JERSEY CITY, NJ / ACCESS Newswire / August 5, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services for communications and media companies, today announced that Vivo has strengthened its strategic collaboration with Amdocs by renewing its Managed Services for Amdocs Customer Experience Suite (CES) operations, upgrading its platform to CES2X, and aligning its licensing capacity to support the continued growth of its customer base.

The agreement includes the renewal of services and the platform technology upgrade, ensuring the capacity, performance, and operational stability required to sustain operations and support ongoing business growth.

The initiative encompasses the evolution of the Amdocs CES platform and the modernization of Vivo's OSS environment, enhancing service activation, inventory, and provisioning capabilities. This technology upgrade contributes to a more agile operation, delivering improvements in response times and order processing efficiency.

In addition to the operational gains achieved through modernization, the migration to CES2X establishes a more modern technology foundation, better positioned to support future automation and digital transformation initiatives.

"We completed the modernization on schedule and without impacts to operations, demonstrating the maturity of the collaboration between Vivo and Amdocs and the commitment of the teams involved. This evolution strengthens our business support platform and prepares us for future operational challenges," said Fernando Paes Campos, Executive IT Director at Vivo.

"Vivo's renewed trust in Amdocs reflects their customer-centric approach," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "We are proud to support this evolution through Amdocs CES, helping Vivo continue to deliver consistent customer experiences while establishing a solid foundation for future business growth."

Supporting Resources

Learn more about Amdocs Customer Experience Suite, here

Keep up with Amdocs news by visiting the company's website

Follow us on X, Facebook, LinkedIn, and YouTube

About Amdocs

Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ:DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, and for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.

Media Contacts

Mario Hajiloizi
Amdocs Public Relations
E-mail: [email protected]

SOURCE: Amdocs Management Limited

Upgrade will boost business agility, streamline customer operations and establish a scalable foundation for future digital innovation

JERSEY CITY, NJ / ACCESS Newswire / August 5, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that PLDT Home, the wireline and broadband division of PLDT Inc., a leading telecommunications and digital service provider in the Philippines, has selected Amdocs to modernize the core platform supporting its critical business operations.

As part of the agreement, Amdocs will modernize PLDT Home's existing technology stack with cloud-ready architecture designed to strengthen resilience, scalability, security and operational performance while protecting existing technology investments. The upgraded platform will streamline billing, customer care and order management, enabling faster payment updates, more efficient order processing, a smoother customer journey and increased automation across critical business processes.

The collaboration marks an important foundational step in advancing PLDT's broader technology ecosystem transformation, establishing modern architecture for PLDT Home that will support future digital initiatives. The new platform will support efficient operations by helping reduce order issues and manual rework, accelerating service fulfillment, and enabling a more seamless customer experience.

"As customer expectations continue to evolve, having a modern, agile business operations platform is essential to delivering the speed and reliability our business demands," said John Palanca, Senior Vice President and Head of Consumer Business, PLDT Home. "By modernizing the core business platform supporting our billing, customer care and order management operations, we are simplifying business processes and building a cloud-ready foundation for future growth."

"Amdocs' new cloud-native core platform will provide the performance, resilience and elasticity needed to support our evolving technology landscape," said Gilbert Gaw, First Vice President and Head of IT and Transformation Office, PLDT and Smart. "This cloud-native architecture will enhance system availability, enable seamless scalability as demand grows, and simplify platform operations, enabling us to accelerate the delivery of new capabilities while maintaining a highly reliable environment."

"Modernizing mission-critical business platforms requires a careful balance between innovation and continuity," said Anthony Goonetilleke, Group President of Technology and Head of Strategy, Amdocs. "We're thrilled to work on this project with PLDT Home to support them in modernizing their core billing and customer operations with minimal disruption, creating a more resilient platform that is ready to support future business needs."

Supporting Resources

Keep up with Amdocs news by visiting the company's website

Follow us on X, Facebook, LinkedIn, and YouTube

About Amdocs

Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ:DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, and for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.

Media Contacts

Swati Sharma
Amdocs Public Relations
E-mail: [email protected]

SOURCE: Amdocs Management Limited

Digital first, agentic experience simplifies billing to provide greater transparency, less confusion, and stronger self-service

JERSEY CITY, NJ / ACCESS Newswire / August 5, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that Optimum, a leading provider of fiber internet, mobile, and TV services, has launched a redesigned customer billing experience powered by Amdocs Bill Experience. The new platform delivers a simpler, more intuitive way for customers to view and manage their monthly bills with clearer explanations, intuitive visual insights, and agentic proactive bill guidance that helps answer customer questions before they require additional support. Powered by Amdocs' Cognitive Core, a core capability within aOS, Amdocs' agentic operating system for telco, the deployment will enable Optimum to achieve AI-driven automation, operational efficiency, and continuous service optimization.

As part of Optimum's broader transformation journey, Amdocs Bill Experience modernizes what was once a static monthly statement into a digital-first, agentic experience. With a cleaner, user-friendly statement layout, Optimum customers can better understand their charges, usage, balances, promotions, and discounts, while embedded payment access helps make it faster to take action.

Supporting the experience are native Agentic AI capabilities, including agentic bill insights, which proactively identify what has changed since a customer's previous bill, explain those changes in clear, easy-to-understand language, and provide intuitive visual breakdowns of monthly charges.

"Our customers shouldn't need to contact customer service simply to understand their bill," said Luciano Ramos, Chief Product and Technology Officer, Optimum. "Optimum's new customer bills, powered by Amdocs Billing Experience, make it easier for customers to see exactly what they're paying for, understand changes from month to month and manage their services with confidence. By making the billing experience simpler and more intuitive, we're establishing greater trust through transparency, reducing friction and confusion, and ultimately creating a more seamless experience from the moment a customer opens their bill."

"For many customers, billing is the most frequent and important interaction they have with their service provider. Delivering a proactive, contextualized, and personalized billing experience is fundamental to improving customer satisfaction, strengthening loyalty and reducing churn," said Anthony Goonetilleke, Group President of Technology and Head of Strategy, Amdocs. "By leveraging AI to streamline and enhance this pivotal engagement, Optimum is providing customers with greater clarity, deeper understanding and a more memorable experience. Through native Agentic AI capabilities, we're helping transform billing from a transactional touchpoint into an intelligent engagement that drives meaningful business outcomes."

Supporting Resources

Learn more about Amdocs Customer Experience Suite, here

Keep up with Amdocs news by visiting the company's website

Follow us on X, Facebook, LinkedIn, and YouTube

Learn more about Optimum's products and services, here

About Amdocs

Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ: DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, and for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.

Media Contacts
Mallory Smith
Amdocs Public Relations
[email protected]

SOURCE: Amdocs Management Limited

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One stock to keep an eye on is Amdocs (DOX - Free Report) . DOX is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 11.05. This compares to its industry's average Forward P/E of 17.84. Over the past 52 weeks, DOX's Forward P/E has been as high as 13.67 and as low as 11.05, with a median of 12.19.

Investors should also note that DOX holds a PEG ratio of 1.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DOX's industry currently sports an average PEG of 2.35. DOX's PEG has been as high as 1.38 and as low as 1.13, with a median of 1.26, all within the past year.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. DOX has a P/S ratio of 1.29. This compares to its industry's average P/S of 1.6.

These are just a handful of the figures considered in Amdocs's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that DOX is an impressive value stock right now.

Posted by Defense World Staff on Jul 27th, 2026

Entropy Technologies LP increased its stake in Amdocs Limited (NASDAQ:DOX – Free Report) by 59.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,757 shares of the technology company’s stock after purchasing an additional 15,496 shares during the period. Entropy Technologies LP’s holdings in Amdocs were worth $2,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. WealthCollab LLC lifted its holdings in shares of Amdocs by 94.5% in the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after purchasing an additional 173 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of Amdocs during the fourth quarter worth about $37,000. Los Angeles Capital Management LLC bought a new position in shares of Amdocs during the fourth quarter worth about $39,000. Advisory Services Network LLC bought a new position in shares of Amdocs during the third quarter worth about $42,000. Finally, CIBC Private Wealth Group LLC raised its position in Amdocs by 190.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock valued at $49,000 after buying an additional 390 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Price Performance Shares of NASDAQ DOX opened at $52.10 on Monday. Amdocs Limited has a twelve month low of $49.74 and a twelve month high of $90.29. The business’s 50 day moving average price is $55.64 and its two-hundred day moving average price is $65.08. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $5.62 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.91 and a beta of 0.41.

Amdocs (NASDAQ:DOX – Get Free Report) last announced its earnings results on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. Amdocs’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 EPS. On average, analysts predict that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.569 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 30th. Amdocs’s payout ratio is 45.60%.

Analyst Ratings Changes Several research firms have commented on DOX. KeyCorp started coverage on Amdocs in a research note on Monday, June 29th. They issued a “sector weight” rating on the stock. Wall Street Zen downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Cfra lowered shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Finally, Stifel Nicolaus reduced their target price on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.67.

Check Out Our Latest Stock Report on Amdocs

Amdocs Company Profile (Free Report)

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of DOX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One stock to keep an eye on is Amdocs (DOX - Free Report) . DOX is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 11.05 right now. For comparison, its industry sports an average P/E of 17.06. Over the past year, DOX's Forward P/E has been as high as 13.67 and as low as 11.05, with a median of 12.19.

DOX is also sporting a PEG ratio of 1.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DOX's industry currently sports an average PEG of 2.04. Within the past year, DOX's PEG has been as high as 1.38 and as low as 1.13, with a median of 1.26.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. DOX has a P/S ratio of 1.21. This compares to its industry's average P/S of 1.51.

These are just a handful of the figures considered in Amdocs's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that DOX is an impressive value stock right now.

Store Genie is already delivering strong results at Smart Communications, helping modernize retail and frontline operations. Built on Amdocs aOS with Amazon Bedrock AgentCore, the solution now helps reduce customer resolution time by up to 98% at PLDT Home

JERSEY CITY, NJ / ACCESS Newswire / June 23, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the successful deployment of Store Genie, its agentic AI-powered customer service solution, for PLDT Home, the wireline and broadband division of PLDT Inc., a leading telecommunications and digital service provider in the Philippines. The deployment transforms customer engagement and service operations across PLDT Home's nationwide sales and service centers and builds on the successful rollout of Store Genie at Smart Communications, the wireless subsidiary of PLDT, announced earlier this year, where the solution is already helping modernize retail and frontline operations through agentic AI-powered automation and intelligence.

Powered by Amdocs' aOS, an agentic operating system purpose-built for telecommunications, and built on Amazon Web Services (AWS) using Amazon Bedrock AgentCore Gateway for multi-agent orchestration, Store Genie now operates across both Smart and PLDT Home, serving over 750 frontline agents across 149 locations. The solution orchestrates multiple purpose-built AI agents specializing in billing, provisioning, network, and payment workflows that collaborate in real time to diagnose and resolve customer issues without manual escalation. Amazon Bedrock AgentCore Gateway connects these agents directly to PLDT's existing BSS/OSS systems through a unified endpoint, requiring no transformation of underlying APIs.

The deployment at PLDT Home introduces new broadband-specific use cases, including order inquiry and triage, OTT subscription activation, service request cancellation, and end-to-end order visibility. Processes that previously took hours can now be completed in minutes, with order inquiries reduced from 10 hours to two minutes, OTT subscription activations from 12 hours to two minutes, and service request cancellations from five hours to two minutes. Leveraging multi-model AI architecture, the solution has achieved a 95% reduction in token costs while continuously improving resolution accuracy through self-learning capabilities.

Since its deployment at Smart in March this year, Store Genie has helped avoid more than 61,000 hours of customer wait time, resolved over 44,000 customer inquiries through AI agents, increased frontline productivity by 25%, and reduced escalation tickets by 50% across Smart and PLDT Home operations. Frontline teams now work through a single natural-language interface that replaces four applications and ten separate screens previously required to serve a customer.

"At PLDT Home, we are focused on delivering simpler, faster, and more seamless experiences for our customers while empowering our frontline teams with the tools they need to serve them effectively," said John Palanca, Senior Vice President, PLDT Head of Home Consumer Business. "By leveraging Store Genie, we are embedding agentic AI directly into our customer-facing operations, enabling real-time resolution of customer requests, improving operational efficiency, and creating a more connected experience for customers across our nationwide service network."

"The next generation of AI is about orchestrating specialized agents that can reason, act, and collaborate across enterprise workflows," said Ishwar Parulkar, Chief Technolgist, Telco at AWS. "Store Genie demonstrates how organizations can leverage Amazon Bedrock AgentCore to deploy and scale agentic AI in production environments, delivering measurable business outcomes while reducing operational complexity."

"There's no doubt that the growing adoption of agentic transformation is improving outcomes across key telecom domains; from care to commerce, IT operations to network management," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "Yet, as AI agents tackle increasingly complex telecom processes, the value grows disproportionately when deployed across channels, teams, and lines of business. The expansion of Store Genie to PLDT Home, delivered in under eight weeks, demonstrates how communications service providers can rapidly scale AI with Amdocs aOS - from a single customer touchpoint to broader enterprise operations. What began in retail now serves as a foundation for intelligent customer engagement across the business, powered by a common, scalable architecture."

Supporting Resources

Learn more about aOS, here

Keep up with Amdocs news by visiting the company's website

Follow us on X, Facebook, LinkedIn, and YouTube

About Amdocs

Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ:DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.

Media Contacts

Swati Sharma
Amdocs Public Relations
E-mail: [email protected]

SOURCE: Amdocs Management Limited

Transformation program to be delivered on the Amdocs Customer Engagement Platform, part of aOS agentic operating system, enabling a unified, AI-native, future-ready engagement foundation

JERSEY CITY, NJ / ACCESS Newswire / June 24, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services for communications and media companies, today announced that telecom operator Three Scandinavia has selected Amdocs as a strategic partner to support parts of its ongoing business and digital transformation across Sweden and Denmark.

The program is focused on simplifying and modernizing selected customer engagement and commerce capabilities, supporting more consistent and efficient operations across the Nordic markets.

As part of the engagement, Amdocs will deploy its Customer Engagement Platform to help consolidate key processes across marketing, sales and service, enabling more seamless omnichannel experiences and improved operational efficiency. The approach is designed to be implemented in phases, allowing Three Scandinavia to continue to deliver products, services and improvements to customers throughout the transformation.

The initiative will also enable improved use of data and automation to support better decision-making and more streamlined workflows across the customer lifecycle, across both consumer and business segments where relevant.

"Three Scandinavia has always been a challenger in the market, and together with Amdocs we are ready to take the next step to offer our customers a better experience. Through this program, we are taking further steps to simplify how we operate and strengthen the experience we provide to our customers," said Rajib Eklund, CTIO at Three Scandinavia. "The focus is on building a more scalable and efficient foundation while continuing to develop our commercial offering and maintain momentum in the market."

"Three Scandinavia has a clear ambition to simplify its operations and enhance customer engagement across its Nordic footprint," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "We are pleased to support this journey with our platform and telecom expertise, helping to enable more efficient processes and improved customer experiences."

Supporting Resources

Learn more about aOS, here

Read more about Amdocs' Customer Engagement Platform, here

Keep up with Amdocs news by visiting the company's website

Follow us on X, Facebook, LinkedIn, and YouTube

About Amdocs

Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ: DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.

Media Contacts

Mario Hajiloizi
Amdocs Public Relations
E-mail: [email protected]

SOURCE: Amdocs Management Limited

It has been about a month since the last earnings report for Amdocs (DOX - Free Report) . Shares have lost about 9.5% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Amdocs due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Amdocs Limited before we dive into how investors and analysts have reacted as of late.

Amdocs Q2 Earnings Surpass Estimates, Revenues Rise Y/YAmdocs reported better-than-expected second-quarter fiscal 2026 results. DOX’s non-GAAP earnings of $1.78 per share came above the midpoint of management’s guidance of $1.73-$1.79 and remained flat on a year-over-year basis. The figure also surpassed the Zacks Consensus Estimate of $1.77.

Amdocs’ fiscal second-quarter revenues of $1.172 billion topped the consensus mark of $1.167 billion and came above the midpoint of management’s guidance of $1.15-$1.19 billion. The top line increased 3.9% on a reported basis and 2.2% on a constant-currency basis.

Amdocs’ Q2 DetailsDOX reported growth in revenues across North America, Europe and the Rest of the World (RoW). North America reported revenues of $754.3 million (64.4% of the total revenues), which increased 2.2% year over year. Europe revenues (16.4% of the total revenues) of $191.8 million advanced 6.1% year over year.

RoW revenues (19.2% of the total revenues) increased 7.9% year over year to $225.8 million. Our model estimates for North America, Europe and RoW were pinned at $766.6 million, $204.3 million and $195.1 million, respectively.

Managed services revenues rose 1.6% year over year to $758.7 million. The company ended the second quarter of fiscal 2026 with a 12-month backlog of $4.28 billion, up $30 million sequentially. Our model estimates for managed services revenues and backlog were pegged at $767.3 million and $4.27 billion, respectively.

The non-GAAP operating income increased 5% year over year to $252 million, whereas the operating margin expanded 20 basis points to 21.5%.

DOX’s Balance Sheet & Cash FlowAmdocs had cash and cash equivalents of $214.5 million as of March 31, 2026, compared with $247.9 million as of Dec. 31, 2025. Long-term debt was $647.2 million as of March 31, 2026, increasing marginally from the Dec. 31, 2025, level of $647 million.

In the fiscal second quarter, the company generated an operating cash flow of $101.6 million and a free cash flow of $80.3 million. During the quarter, it repurchased shares worth $138 million and paid out $57 million in dividends.

Amdocs Updates FY26 GuidanceFor fiscal 2026, DOX expects revenues to grow 2.6-4.6% compared with the earlier mentioned 1.5-5.5% rise.

The non-GAAP operating margin is anticipated to be 21.3-21.9% for fiscal 2026. Non-GAAP earnings per share are expected to grow 5-7%, instead of the earlier stated 4-8% range.

The company expects the free cash flow between $710 million and $730 million.

Amdocs also initiated the guidance for the third quarter of fiscal 2026. For the fiscal third quarter, the company expects revenues of $1.155-$1.195 billion.

Amdocs expects non-GAAP earnings per share between $1.81 and $1.87.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.

VGM ScoresCurrently, Amdocs has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a score of A on the value side, putting it in the top 20% for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Amdocs has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerAmdocs is part of the Zacks Computers - IT Services industry. Over the past month, CDW (CDW - Free Report) , a stock from the same industry, has gained 26.4%. The company reported its results for the quarter ended March 2026 more than a month ago.

CDW reported revenues of $5.68 billion in the last reported quarter, representing a year-over-year change of +9.2%. EPS of $2.28 for the same period compares with $2.15 a year ago.

CDW is expected to post earnings of $2.77 per share for the current quarter, representing a year-over-year change of +6.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.5%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for CDW. Also, the stock has a VGM Score of B.

Investors with an interest in Computers - IT Services stocks have likely encountered both Amdocs (DOX - Free Report) and Infosys (INFY - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Currently, Amdocs has a Zacks Rank of #2 (Buy), while Infosys has a Zacks Rank of #4 (Sell). This means that DOX's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one factor that value investors are interested in.

Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

DOX currently has a forward P/E ratio of 8.87, while INFY has a forward P/E of 16.57. We also note that DOX has a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. INFY currently has a PEG ratio of 1.79.

Another notable valuation metric for DOX is its P/B ratio of 2.06. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, INFY has a P/B of 6.1.

These are just a few of the metrics contributing to DOX's Value grade of A and INFY's Value grade of C.

DOX stands above INFY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that DOX is the superior value option right now.

Amdocs is rated a Buy, offering strong free cash flow, resilient fundamentals, and attractive valuation near 52-week lows. DOX boasts a $4.25B backlog, robust managed services, and recent acquisitions (MATRIXX, Profinit) driving half of projected 2026 revenue growth. Free cash flow yield stands at 10%, with 90% earnings conversion, a rising 3.5% dividend, and $840M in buyback authorization through 2025.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.93% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Amdocs (DOX - Free Report) Amdocs Limited is one of the leading providers of customer care, billing and order management systems for communications and Internet services.

DOX is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.

Additionally, the company could be a top pick for growth investors. DOX has a Growth Style Score of B, forecasting year-over-year earnings growth of 6.4% for the current fiscal year.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.01 to $7.44 per share. DOX boasts an average earnings surprise of +2.2%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, DOX should be on investors' short list.

Wednesday, 13 May 2026 04:01 PM

Topic: 

Earnings Revenue of $1.17 Billion, up 3.9% YoY as Reported and up 2.2% YoY in Constant Currency(1)

Expects Fiscal 2026 Revenue Growth Outlook of 2.6%-4.6% YoY as Reported

Reiterates Midpoint of Fiscal 2026 Revenue Growth Outlook in Constant Currency(1) while Tightening Expected Range to 2.0%-4.0% YoY

Announces Retirement of Long-Serving CFO and Appointment of Internal CFO Successor

Second Quarter Fiscal 2026 Highlights

(All comparisons are against same quarter of the prior year, unless otherwise stated)

Revenue of $1,172 million, up 3.9% as reported and up 2.2% in constant currency(1); revenue was above the midpoint of the $1,150-$1,190 million guidance range and includes a positive impact from foreign currency movements of approximately $2 million relative to our guidance assumptions

Revenue of $754 million in North America, up 2.2%; record revenue of $192 million in Europe, up 6.2%; revenue of $226 million in Rest of World, up 8.0% 

Managed services revenue of $759 million, equivalent to approximately 65% of total revenue and up 1.6% 

GAAP diluted EPS of $1.28, above the midpoint of the guidance range of $1.22-$1.30

Non-GAAP diluted EPS of $1.78, above the midpoint of the guidance range of $1.73-$1.79

GAAP operating income of $183 million; GAAP operating margin of 15.6%, down 190 basis points compared to last year’s second quarter and 230 basis points sequentially, mainly due to costs related to leadership transition as well as benefit from changes in certain acquisitions related liabilities measured at fair value in the first fiscal quarter

Non-GAAP operating income of $252 million; non-GAAP operating margin of 21.5%, up 20 basis points as compared to last year’s second fiscal quarter and down 10 basis points sequentially 

Free cash flow of $80 million, comprised of cash flow from operations of $102 million, including $17 million of restructuring payments, less $21 million in net capital expenditures(2); excluding restructuring payments, free cash flow was $97 million; reiterates full year fiscal 2026 free cash outlook of $710 million to $730 million, excluding restructuring payments

Repurchased $138 million of ordinary shares during the second fiscal quarter

Twelve-month backlog of $4.28 billion, up $30 million sequentially and up 2.6% 

Amdocs Limited (the “Company” or “Amdocs”) announced today that Tamar Rapaport-Dagim, Chief Financial Officer and Chief Operating Officer, has decided to retire from the Company following a distinguished career spanning over two decades. Tal Rozenfeld, currently General Manager Head of Finance, has been appointed Chief Financial Officer, effective June 1st, 2026. Tamar will continue to complete the transition process to help ensure a seamless handover of responsibilities.

(1) Revenue on a constant currency basis assumes exchange rates in the current period were unchanged from the prior period
(2)Please refer to the Selected Financial Metrics tables below (figures may not sum because of rounding)

JERSEY CITY, NJ / ACCESS Newswire / May 13, 2026 / 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 March 31, 2026.

"I'm excited to be leading Amdocs forward in the agentic era, as our vision is to become the primary partner of choice to turn the agentic opportunity into reality for our customers. We believe Amdocs is uniquely positioned to lead due to our deep industry knowledge and telco domain expertise, engineering and innovation pedigree, mission critical systems transformation leadership and our outcome-based business model. To realize our vision, we are aiming to move towards an agentic and automated portfolio, tailor agentic customer roadmaps, leverage strategic partnerships, and internally transform the way we operate. While we are continuing to refine our strategy, we are already seeing initial commercial engagements with the launch of aOS- Amdocs' agentic operating system for telco.

We are building this strategy on our strong business foundations, as demonstrated by solid Q2 results which show healthy sales, strong customer relationships and consistent operating execution," said Shimie Hortig, president and chief executive officer of Amdocs Management Limited.

"Project delivery continued as a defining strength for Amdocs this quarter, as reflected by many production milestones achieved for AT&T, Vodafone Germany and other flagship customers worldwide. Profitability improved year-over-year, demonstrating our continued focus on operational excellence and automation, and we generated healthy free cash flow of which we returned more than 100% to shareholders though share repurchases and dividend payments," said Tamar Rapaport-Dagim, chief financial officer and chief operating officer of Amdocs Management Limited.

Hortig continued, "I'm pleased with our financial and operational progress for the fiscal year to date, and while we are closely monitoring macroeconomic developments and customer spending behavior in the current climate, we are on track to achieve our fiscal 2026 financial guidance."

Hortig concluded, "On behalf of the Board and the entire leadership team, I want to thank Tamar for her exceptional leadership, partnership and dedication over the past 22 years. Throughout her tenure, Tamar has played a critical role in strengthening our financial foundation, leading operational excellence, supporting our strategic growth and helping position the company for long-term success. We are deeply grateful for her many contributions and wish her the very best. We are very pleased to appoint Tal Rozenfeld as our next Chief Financial Officer. Tal brings deep financial expertise, strong operational and business knowledge and a proven track record of leadership. Tal has been an important part of our finance and leadership team, and we are confident he will play a key role in driving the next phase of Amdocs' growth and execution."

Revenue

(All comparisons are against same quarter as the prior year, unless otherwise stated )

In millions

Three months ended

March 31, 2026

Actual

Guidance

Revenue

$1,172

$ 1,150 - $1,190

Revenue Growth, as reported

3.9%

Revenue Growth, constant currency(1)

2.2%

Revenue for the second fiscal quarter of 2026 was above the midpoint of Amdocs' guidance and includes positive impact from foreign currency movement of $2 million compared to our guidance assumptions

Revenue for the second fiscal quarter includes a positive impact from foreign currency movements of $19 million relative to the second quarter of fiscal 2025 and a positive impact from foreign currency movements of $3 million relative to the first quarter of fiscal 2026

Net Income and Earnings Per Share

In thousands, except per share data

Three months ended

March 31,

2026

2025

GAAP Measures

Net Income

$138,772

$164,001

Net Income attributable to Amdocs Limited

$137,815

$163,243

Diluted earnings per share

$1.28

$1.45

Non-GAAP Measures

Non-GAAP Net Income

$192,501

$201,017

Non-GAAP Net Income attributable to Amdocs Limited

$191,544

$200,259

Non-GAAP Diluted earnings per share

$1.78

$1.78

Non-GAAP net income excludes amortization of purchased intangible assets and other acquisition-related costs, changes in certain acquisition related liabilities measured at fair value, equity-based compensation expenses, restructuring charges, and other, net of related tax effects. For further details of the reconciliation of selected financial metrics from GAAP to Non-GAAP, please refer to the tables below

Capital Allocation & Liquidity

Quarterly Cash Dividend Program: On May 13, 2026, the Board approved the Company's next quarterly cash dividend payment at the rate of $0.569 per share, and set June 30, 2026 as the record date for determining the shareholders entitled to receive the dividend, which will be payable on July 31, 2026

Share Repurchase Activity: Repurchased $138 million of ordinary shares during the second quarter of fiscal 2026

Commercial Paper Program: In March 2026, the Company established a commercial paper program, supported by the Revolving Credit Facility under which it may issue unsecured commercial paper up to a total of $800 million outstanding at any time, with maturities of up to 397 days from the date of issue. The net proceeds from the issuance of commercial paper are expected to be used for general corporate purposes. As of March 31, 2026, there was no outstanding borrowing amount under the commercial paper program

Revolving Credit Facility: In March 2026, the Revolving Credit Facility was amended to increase the amount from $500 million to an aggregate amount of $800 million

Twelve-month Backlog

Twelve-month backlog was $4.28 billion at the end of the second quarter of fiscal 2026, up approximately 2.6% as compared to last year's second fiscal quarter. Twelve-month backlog includes anticipated revenue related to contracts, estimated revenue from managed services contracts, letters of intent, maintenance and estimated on-going support activities.

Third Quarter Fiscal Year 2026 Outlook

In millions, except per share data

Q3 - 2026

Revenue

$ 1,155-$1,195

GAAP Diluted earnings per share

$ 1.39-$1.47

Non-GAAP Diluted earnings per share

$ 1.81-$1.87

Third quarter revenue guidance assumes a negative $1 million sequential impact from foreign currency fluctuations as compared to the second quarter of fiscal 2026

GAAP diluted EPS guidance does not include the impact of future restructuring charges

Third quarter non-GAAP diluted EPS guidance excludes primarily equity-based compensation expense of approximately $0.22-$0.24 per share, amortization of purchased intangible assets and other acquisition-related costs of approximately $0.16 per share, changes in certain acquisitions related liabilities measured at fair value, and other, net of related tax effects

Full Year Fiscal 2026 Outlook

FY 2026 - Year-over -Year growth

Current guidance

Previous guidance

Revenue Growth, as reported

2.6%-4.6%

1.5%-5.5%

Revenue Growth, constant currency (1)

2.0%-4.0%

1.0%-5.0%

GAAP Diluted earnings per share

12.0%-15.0%

10.0%-17.0%

Non-GAAP Diluted earnings per share

5.0%-7.0%

4.0%-8.0%

FY 2026, in millions

Current guidance

Previous guidance

Free Cash Flow (2)

$ 710-$730

$ 710-$730

Full year fiscal 2026 revenue guidance incorporates an expected positive impact from foreign currency fluctuations of approximately 0.6% year-over-year compared with a positive impact of 0.5% year-over-year previously, and includes some inorganic contribution

GAAP diluted EPS guidance does not include the impact of future restructuring charges

Non-GAAP diluted earnings per share growth excludes primarily equity-based compensation expense of approximately $0.97-$1.01 per share, amortization of purchased intangible assets and other acquisition-related costs of approximately $0.58 per share, changes in certain acquisitions related liabilities measured at fair value, and other, net of related tax effects

Non-GAAP operating margin is anticipated to be within a range of 21.3% to 21.9% for the full year fiscal 2026

Non-GAAP operating margin is comprised of GAAP operating margin, excluding amortization of purchased intangible assets and other, equity-based compensation expense, restructuring charges, and changes in certain acquisitions related liabilities measured at fair value

Non-GAAP effective tax rate is anticipated to be within a range of 16% to 19% for the full year fiscal 2026

Reiterates full year fiscal 2026 free cash flow(2) of $710 million to $730 million, excluding payments related to restructuring charges; free cash flow(2) is comprised of cash flow from operations, less net capital expenditures

The forward-looking statements regarding our third fiscal quarter 2026 and full year fiscal 2026 guidance take into consideration the Company's current expectations regarding macroeconomic, geopolitical and industry specific risks and various uncertainties and certain assumptions, some of which we will discuss on our earnings conference call. However, we note that market dynamics continue to shift rapidly and we cannot predict all possible outcomes, including those resulting from certain geopolitical events, the current inflationary environment, changes to trade policies including tariffs and trade restrictions and the resulting impact on economic activities (as our outlook assumes current economic conditions do not deteriorate significantly due to trade policy or other macro factors), global or regional events, and the prevailing level of macro-economic, business and operational uncertainty, including customer spending behavior which have created, and continue to create, a significant amount of uncertainty, or from current and potential customer consolidation or their other strategic corporate activities. See "Forward-Looking Statements" below.

Conference Call and Earnings Webcast Presentation Details

Amdocs will host a conference call and earnings webcast presentation on May 13, 2026 at 5:00 p.m. Eastern Time to discuss the Company's second quarter of fiscal 2026 results. To participate in the call, please register here to receive the dial-in numbers and unique access PIN. The conference call and webcast will also be carried live on the Internet and may be accessed via the Amdocs website at https://investors.amdocs.com. Presentation slides will be available shortly before the webcast.

Non-GAAP Financial Measures
This release includes non-GAAP financial measures, including non-GAAP diluted earnings per share, free cash flow(2), revenue on a constant currency(1) basis, non-GAAP cost of revenue, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP interest and other expenses, net, non-GAAP income taxes, non-GAAP effective tax rate, non-GAAP net income, non-GAAP net income attributable to Amdocs Limited and non-GAAP diluted earnings per share growth. These other non-GAAP measures exclude the following items:

amortization of purchased intangible assets and other acquisition-related costs;

changes in certain acquisition-related liabilities measured at fair value;

restructuring and unusual charges or benefits;

equity-based compensation expense;

other; and

tax effects related to the above.

Free cash flow(2) equals cash generated by operating activities less net capital expenditures. These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Amdocs believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Amdocs' results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Amdocs' results of operations in conjunction with the corresponding GAAP measures.

Amdocs believes that the presentation of non-GAAP financial measures, including non-GAAP diluted earnings per share, free cash flow(2), revenue on a constant currency(1) basis, non-GAAP cost of revenue, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP interest and other expenses, net, non-GAAP income taxes, non-GAAP effective tax rate, non-GAAP net income, non-GAAP net income attributable to Amdocs Limited and non-GAAP diluted earnings per share growth when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations, as well as the net amount of cash generated by its business operations after taking into account capital spending required to maintain or expand the business.

For its internal budgeting process and in monitoring the results of the business, Amdocs' management uses financial statements that do not include amortization of purchased intangible assets and other acquisition-related costs, changes in certain acquisition-related liabilities measured at fair value, restructuring and unusual charges or benefits, equity-based compensation expense, other and related tax effects. Amdocs' management also uses the foregoing non-GAAP financial measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Amdocs. In addition, Amdocs believes that significant groups of investors exclude these items in reviewing its results and those of its competitors, because the amounts of the items between companies can vary greatly depending on the assumptions used by an individual company in determining the amounts of the items.

Amdocs further believes that, where the adjustments used in calculating non-GAAP diluted earnings per share are based on specific, identified amounts that impact different line items in the Consolidated Statements of Income (including cost of revenue, research and development, selling, general and administrative, operating income, interest and other expenses, net, income taxes and net income), it is useful to investors to understand how these specific line items in the Consolidated Statements of Income are affected by these adjustments. Please refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below.

Supporting Resources

Keep up with Amdocs news by visiting the Company's website

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About Amdocs

Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ:DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.

Forward-Looking Statements

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' strategy, including with respect to artificial intelligence and agentic opportunities, growth, financial outlook, and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks, uncertainties, and other important factors that may cause future results to differ materially from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, and our Form 6-K furnished for the first quarter of fiscal 2026 on February 17, 2026.

Contact:
Matthew Smith
Head of Investor Relations
Amdocs
314-212-8328
E-mail: [email protected]

AMDOCS LIMITED

Consolidated Statements of Income
(In thousands, except per share data)

Three months ended
March 31,

Six months ended
March 31,

2026

2025

2026

2025

Revenue

$

1,171,979

$

1,128,203

$

2,327,918

$

2,238,258

Operating expenses:

Cost of revenue

716,733

698,049

1,444,456

1,380,308

Research and development

87,001

81,796

168,979

166,129

Selling, general and administrative

153,677

134,625

267,398

256,712

Amortization of purchased intangible assets and other

21,308

15,998

35,842

31,757

Restructuring charges

10,405

-

21,706

6,783

989,124

930,468

1,938,381

1,841,689

Operating income

182,855

197,735

389,537

396,569

Interest and other expense, net

(5,963

)

(8,465

)

(17,228

)

(14,874

)

Income before income taxes

176,892

189,270

372,309

381,695

Income taxes

38,120

25,269

75,083

65,842

Net income

$

138,772

$

164,001

$

297,226

$

315,853

Net income attributable to noncontrolling interests

957

758

1,845

1,477

Net income attributable to Amdocs Limited

$

137,815

$

163,243

$

295,381

$

314,376

Basic earnings per share attributable to Amdocs Limited

$

1.29

$

1.46

$

2.75

$

2.80

Diluted earnings per share attributable to Amdocs Limited

$

1.28

$

1.45

$

2.74

$

2.78

Cash dividends declared per ordinary share

$

0.569

$

0.527

$

1.096

$

1.006

Basic weighted average number of shares outstanding

107,095

111,961

107,541

112,357

Diluted weighted average number of shares outstanding

107,472

112,514

107,997

112,981

AMDOCS LIMITED
Selected Financial Metrics
(In thousands, except per share data)

Three months ended
March 31,

Six months ended
March 31,

2026

2025

2026

2025

Revenue

$

1,171,979

$

1,128,203

$

2,327,918

$

2,238,258

Non-GAAP operating income

251,836

240,106

501,775

475,504

Non-GAAP net income

192,501

201,017

389,632

389,894

Non-GAAP net income attributable to Amdocs Limited

191,544

200,259

387,787

388,417

Non-GAAP diluted earnings per share

$

1.78

$

1.78

$

3.59

$

3.44

Diluted weighted average number of shares outstanding

107,472

112,514

107,997

112,981

Free Cash Flows
(In thousands)

Three months ended
March 31,

Six months ended
March 31,

2026

2025

2026

2025

Net Cash Provided by Operating Activities

$

101,584

$

172,458

$

321,766

$

278,013

Purchases of property and equipment, net (a)

(21,237

)

(15,964

)

(53,476

)

(43,319

)

Free Cash Flow

$

80,347

$

156,494

$

268,290

$

234,694

(a) The amounts under "Purchase of property and equipment, net", include immaterial proceeds from sale of property and equipment for the three and six months ended March 31, 2026 and 2025, respectively.

AMDOCS LIMITED
Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP
(In thousands)

Three Months Ended March 31, 2026

GAAP

Amortization
of purchased intangible assets and other

Equity based compensation
expense

Changes in certain acquisitions
related liabilities measured at fair value

Restructuring charges

Other

Tax
effect

Non-GAAP

Operating expenses:

Cost of revenue

$

716,733

$

-

$

(11,392

)

$

(135

)

$

-

$

-

$

-

$

705,206

Research and development

87,001

(2,068

)

84,933

Selling, general and administrative

153,677

(24,539

)

866

130,004

Amortization of purchased intangible assets and other

21,308

(21,308

)

-

Restructuring charges

10,405

(10,405

)

-

Total operating expenses

989,124

(21,308

)

(37,999

)

731

(10,405

)

-

-

920,143

Operating income

182,855

21,308

37,999

(731

)

10,405

251,836

Interest and other expense, net

(5,963

)

(7,637

)

(13,600

)

Income taxes

38,120

7,615

45,735

Net income

138,772

21,308

37,999

(731

)

10,405

(7,637

)

(7,615

)

192,501

Net income attributable to noncontrolling interests

957

957

Net income attributable to Amdocs Limited

$

137,815

$

21,308

$

37,999

$

(731

)

$

10,405

$

(7,637

)

$

(7,615

)

$

191,544

Three Months Ended March 31, 2025

GAAP

Amortization
of purchased intangible assets and other

Equity based compensation
expense

Changes in certain acquisitions
related liabilities measured at fair value

Other

Tax
effect

Non-GAAP

Operating expenses:

Cost of revenue

$

698,049

$

-

$

(12,356

)

$

(360

)

$

-

$

-

$

685,333

Research and development

81,796

(2,283

)

79,513

Selling, general and administrative

134,625

(11,014

)

(360

)

123,251

Amortization of purchased intangible assets and other

15,998

(15,998

)

-

Restructuring charges

-

-

Total operating expenses

930,468

(15,998

)

(25,653

)

(720

)

-

-

888,097

Operating income

197,735

15,998

25,653

720

240,106

Interest and other expense, net

(8,465

)

(69

)

(8,534

)

Income taxes

25,269

5,286

30,555

Net income

164,001

15,998

25,653

720

(69

)

(5,286

)

201,017

Net income attributable to noncontrolling interests

758

758

Net income attributable to Amdocs Limited

$

163,243

$

15,998

$

25,653

$

720

$

(69

)

$

(5,286

)

$

200,259

AMDOCS LIMITED
Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP
(In thousands)

Six Months Ended March 31, 2026

GAAP

Amortization
of purchased intangible assets and other

Equity based
compensation
expense

Changes in certain acquisitions
related liabilities measured at fair value

Restructuring
charges

Other

Tax
effect

Non-GAAP

Operating expenses:

Cost of revenue

$

1,444,456

$

-

$

(22,765

)

$

(494

)

$

-

$

-

$

-

$

1,421,197

Research and development

168,979

(3,927

)

165,052

Selling, general and administrative

267,398

(35,397

)

7,893

239,894

Amortization of purchased intangible assets and other

35,842

(35,842

)

-

Restructuring charges

21,706

(21,706

)

-

Total operating expenses

1,938,381

(35,842

)

(62,089

)

7,399

(21,706

)

-

-

1,826,143

Operating income

389,537

35,842

62,089

(7,399

)

21,706

501,775

Interest and other expense, net

(17,228

)

(6,064

)

(23,292

)

Income taxes

75,083

13,768

88,851

Net income

297,226

35,842

62,089

(7,399

)

21,706

(6,064

)

(13,768

)

389,632

Net income attributable to noncontrolling interests

1,845

1,845

Net income attributable to Amdocs Limited

$

295,381

$

35,842

$

62,089

$

(7,399

)

$

21,706

$

(6,064

)

$

(13,768

)

$

387,787

Six Months Ended March 31, 2025

GAAP

Amortization
of purchased intangible assets and other

Equity based
compensation
expense

Changes in certain acquisitions
related liabilities measured at fair value

Restructuring
charges

Other

Tax
effect

Non-GAAP

Operating expenses:

Cost of revenue

$

1,380,308

$

-

$

(25,606

)

$

(360

)

$

-

$

-

$

-

$

1,354,342

Research and development

166,129

(4,554

)

161,575

Selling, general and administrative

256,712

(22,013

)

12,138

246,837

Amortization of purchased intangible assets and other

31,757

(31,757

)

-

Restructuring charges

6,783

(6,783

)

-

Total operating expenses

1,841,689

(31,757

)

(52,173

)

11,778

(6,783

)

-

-

1,762,754

Operating income

396,569

31,757

52,173

(11,778

)

6,783

475,504

Interest and other expense, net

(14,874

)

5,979

(8,895

)

Income taxes

65,842

10,873

76,715

Net income

315,853

31,757

52,173

(11,778

)

6,783

5,979

(10,873

)

389,894

Net income attributable to noncontrolling interests

1,477

1,477

Net income attributable to Amdocs Limited

$

314,376

$

31,757

$

52,173

$

(11,778

)

$

6,783

$

5,979

$

(10,873

)

$

388,417

AMDOCS LIMITED
Condensed Consolidated Balance Sheets
(In thousands)

As of

March 31,
2026

September 30,
2025

ASSETS

Current assets:

Cash and cash equivalents

$

214,495

$

324,999

Accounts receivable, net, including unbilled

938,182

935,751

Prepaid expenses and other current assets

364,347

331,387

Total current assets

1,517,024

1,592,137

Property and equipment, net

738,836

768,557

Lease assets

179,580

182,088

Goodwill and other intangible assets, net

3,243,895

3,046,962

Other noncurrent assets

684,535

660,086

Total assets

$

6,363,870

$

6,249,830

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities

Accounts payable, accruals and other

$

1,108,842

$

1,201,206

Short-term financing arrangements

250,000

-

Lease liabilities

36,017

38,725

Deferred revenue

152,434

118,861

Total current liabilities

1,547,293

1,358,792

Lease liabilities

134,567

140,776

Long-term debt, net of unamortized debt issuance costs

647,211

646,901

Other noncurrent liabilities

611,376

632,681

Total Amdocs Limited Shareholders' equity

3,382,292

3,429,453

Noncontrolling interests

41,131

41,227

Total equity

3,423,423

3,470,680

Total liabilities and equity

$

6,363,870

$

6,249,830

AMDOCS LIMITED
Consolidated Statements of Cash Flows
(In thousands)

Six months ended
March 31,

2026

2025

Cash Flow from Operating Activities:

Net income

$

297,226

$

315,853

Reconciliation of net income to net cash provided by operating activities:

Depreciation, amortization and impairment

103,747

94,460

Amortization of debt issuance cost

310

300

Equity-based compensation expense

62,089

52,173

Deferred income taxes

24,148

2,296

Loss from short-term interest-bearing investments

-

1,739

Net changes in operating assets and liabilities, net of amounts acquired:

Accounts receivable, net

(46,640

)

33,174

Prepaid expenses and other current assets

(23,114

)

(32,526

)

Other noncurrent assets

18,492

5,141

Lease assets and liabilities, net

(6,408

)

(1,194

)

Accounts payable, accrued expenses and accrued personnel

(90,120

)

(126,700

)

Deferred revenue

23,505

27,846

Income taxes payable, net

(5,003

)

(11,082

)

Other noncurrent liabilities

(36,466

)

(83,467

)

Net cash provided by operating activities

$

321,766

$

278,013

Cash Flow from Investing Activities:

Purchase of property and equipment, net (a)

(53,476

)

(43,319

)

Proceeds from sale of short-term interest-bearing investments

-

92,955

Net cash paid for business and intangible assets acquisitions

(217,663

)

(57,169

)

Net cash from equity investments and other

11,848

16,741

Net cash (used) provided by investing activities

$

(259,291

)

$

9,208

Cash Flow from Financing Activities:

Repurchase of shares

(284,513

)

(279,720

)

Proceeds from employee stock option exercises

3,193

11,422

Payments of dividends

(113,849

)

(107,810

)

Distribution to noncontrolling interests

(1,941

)

(2,209

)

Borrowings under financing arrangements

250,000

-

Payment of contingent consideration and deferred payment of business acquisitions

(25,869

)

(7,599

)

Net cash used in financing activities

$

(172,979

)

$

(385,916

)

Net decrease in cash and cash equivalents

(110,504

)

(98,695

)

Cash and cash equivalents at beginning of period

324,999

346,085

Cash and cash equivalents at end of period

$

214,495

$

247,390

AMDOCS LIMITED
Supplementary Information
(In millions)

Three months ended

March 31,

December 31,

September 30,

June 30,

March 31,

2026

2025

2025

2025

2025

North America

$

754.3

$

764.7

$

762.4

$

745.4

$

738.3

Europe

191.8

181.7

179.8

189.4

180.7

Rest of the World

225.8

209.5

208.0

209.6

209.2

Total Revenue

$

1,172.0

$

1,155.9

$

1,150.2

$

1,144.4

$

1,128.2

Three months ended

March 31,

December 31,

September 30,

June 30,

March 31,

2026

2025

2025

2025

2025

Managed Services Revenue

$

758.7

$

745.9

$

748.3

$

771.5

$

747.1

as of

March 31,

December 31,

September 30,

June 30,

March 31,

2026

2025

2025

2025

2025

12-Month Backlog

$

4,280

$

4,250

$

4,190

$

4,150

$

4,170

SOURCE: Amdocs - IR

The inventory modernization will enhance operational efficiency and accelerate network planning, rollout, and assurance for Vodafone Ireland, ensuring future readiness while aligning with the broader strategic objectives of the Vodafone Group

JERSEY CITY, NJ / ACCESS Newswire / May 13, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services for communications and media companies, announced today that Vodafone Ireland has successfully gone live with Amdocs' latest Network Inventory solution as part of its initiative to modernize, harmonize, and evolve its network operations. This collaboration has replaced Vodafone Ireland's legacy system with the latest version of the Amdocs Network Inventory, empowering the Irish service provider to accelerate and automate the planning, deployment, and assurance of its mobile network and drive operational efficiency across the organization.

Amdocs Network Inventory, a cornerstone in enabling agile and autonomous networks, will serve as the foundation for harmonizing Vodafone Ireland's inventory models and processes with those of other Vodafone Group countries across Europe. By standardizing and streamlining systems and best practices, Vodafone Ireland aims to reduce the total cost of ownership, streamline operations, and deliver an enhanced user experience powered by automation, federation, and an intuitive user interface.

Leveraging a proven ‘develop-once-deploy-many' co-designed framework, Amdocs successfully delivered a high-impact project, harmonizing network operations and topology, in alignment with Vodafone Group's strategic network vision. In close collaboration with Vodafone Ireland and Vodafone Group teams, Amdocs modernized the existing inventory platform, executing a complex data migration and cleansing initiative with exceptional speed and precision.

This milestone reflects the strength of the partnership between Amdocs and Vodafone, as well as Amdocs' commitment to driving innovation and operational excellence across Vodafone's global network footprint.

"By moving to Amdocs' modern network inventory solution, we are strengthening our ability to plan, build, and manage our network more efficiently," said Sheila Kavanagh, Chief Network Officer at Vodafone Ireland. "This upgrade not only helps us deliver better service to our customers today, but also ensures we're well-prepared for tomorrow's connectivity demands."

"With service providers worldwide increasingly focused on autonomous networks, we're delighted to continue our collaboration with Vodafone Ireland as they progress through their network transformation journey," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "This go-live marks a key milestone in Vodafone's broader digital evolution, enabling greater automation, faster time to market, and seamless integration across group operations."

Supporting Resources

Learn more about Amdocs Network Inventory, here

Keep up with Amdocs news by visiting the company's website

Follow us on X, Facebook, LinkedIn, and YouTube

About Amdocs

Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ:DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, and for the first quarter of fiscal 2026 on February 17, 2026.

Media Contacts

Mario Hajiloizi
Amdocs Public Relations
E-mail: [email protected]

SOURCE: Amdocs Management Limited

The agents, built using Google's AI models, enable enterprise-scale deployment of agentic AI across telecom workflows

JERSEY CITY, NJ / ACCESS Newswire / May 13, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the availability of Amdocs Telco Agents for Customer Experience in the Google Gemini Enterprise Agent Marketplace, Google Cloud's platform for building and deploying enterprise-grade AI agents.

These agents are now featured as part of Google Cloud's partner-built agents ecosystem in Gemini Enterprise, as announced at Google Cloud Next 2026, underscoring Amdocs' role in shaping the next wave of enterprise AI innovation. Built on Google Cloud's Gemini Enterprise platform, Amdocs Telco Agents for Customer Experience enable communications service providers (CSPs) to automate key customer-facing and operational processes, including customer care interactions, service request handling, issue resolution, and order orchestration.

The agents can reason, orchestrate, and execute end‑to‑end telco processes, improving resolution speed, cost efficiency, and customer satisfaction across digital and contact center channels. Built on aOS, Amdocs' agentic operating system for telcos, the solution combines Amdocs' Cognitive Core with Gemini Enterprise for CX to coordinate workflows across existing BSS/OSS systems and AI ecosystems. As the intelligence layer within aOS, Amdocs Cognitive Core applies telco-specific reasoning and governance to support scalable AI deployment within live telecom operations.

"Enterprise customers need AI solutions that are not only powerful but also secure, scalable, and easy to deploy," said Satish Thomas, Vice President, Applied AI & Platform Ecosystem, Google Cloud. "This collaboration brings together Google Cloud's cutting-edge AI capabilities with Amdocs' proven industry expertise, offering communications service providers an accelerated path to deploying agentic AI at scale."

"We're thrilled to be among a strategic group of companies globally to publish agents on Gemini Enterprise. This reinforces our agentic AI strategy to help CSPs move beyond traditional AI assistants toward autonomous systems that can execute complex service workflows end-to-end," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "By combining Amdocs' telecom expertise with Google Cloud's AI, these agents reduce handling time, improve first call resolution, and enable proactive issue prevention, while maintaining enterprise-grade trust, governance, and security."

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About Amdocs

Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ: DOX) and reported revenue of $4.53 billion in fiscal 2025. For more information, visit www.amdocs.com.

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025, and for the first quarter of fiscal 2026 on February 17, 2026.

Media Contacts

Swati Sharma
Amdocs Public Relations
E-mail: [email protected]

SOURCE: Amdocs Management Limited