The combination expands Premiere Digital's expertise and offerings to the media and entertainment industry while Amdocs focuses on its core agentic strategy, led by aOS
, /PRNewswire/ -- Premiere Digital, a leading media services and technology solutions provider, and Amdocs (NASDAQ: DOX), a leading provider of software and services to communications companies, today announced that Premiere Digital has acquired Amdocs' Vubiquity, a global technology-led solutions, media supply chain and content licensing provider for the media and entertainment industry.
The expertise and offerings of Premiere Digital and Vubiquity are both rooted in enterprise class technology-led solutions for Studios, Streamers, Digital Platforms and Broadcasters. This acquisition combines Premiere Digital's expertise and scale in content mastering, digital distribution and AI-driven solutions, with Vubiquity's leadership in media supply chain and content licensing, creating the leading global digital distribution provider to the media and entertainment industry.
"Vubiquity is a natural strategic fit for Premiere Digital, bringing its industry leading supply chain, licensing and monetization capabilities that complement our scale and technical fulfillment strengths," said Mark Lazar, Chief Executive Officer of Premiere Digital. "Together, we are creating a leading global distribution provider to the media and entertainment industry, with the experience, operations, technology and scale to support customers across more of the content value chain. We look forward to investing in the combined organization, particularly in AI-driven workflows that enable customers to operate more efficiently and unlock greater value in their new release and library content."
"We believe Vubiquity with its exceptional technology, capabilities, and people has found the right home in Premiere Digital," said Shimie Hortig, President and Chief Executive Officer of Amdocs Management Limited. "For Amdocs, the divestiture of our media asset sharpens our focus on executing our new agentic strategy, led by Amdocs aOS. We wish Vubiquity and its amazing team every success in its exciting next chapter."
The transaction closed October 8, 2026. Financial terms of the transaction were not disclosed.
About Premiere Digital
Premiere Digital is a post-production, media services, digital distribution and technology solutions company based in Los Angeles, CA, Stamford, CT and Bangalore, India. Premiere is a leader in AI-driven and cloud-based workflows providing content optimization and distribution solutions for clients in the Media and Entertainment industry. Additional information on Premiere can be found at https://www.premieredigital.com/
Media Contact
Whit Clay
Longacre Square Partners
[email protected]
About Amdocs
Amdocs helps the world's leading communications 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, for the second quarter of fiscal 2026 on May 26, 2026 and for the third quarter of fiscal 2026 on August 18, 2026.
Media Contact:
Joanne Frankel
Head of Communications
[email protected]
When a telecommunications carrier needs to overhaul its billing systems or integrate new 5G services, it often turns to Amdocs (DOX +0.43%). The company provides the essential software and operational support that keeps global telecom providers running. Despite its deep integration into the industry, the stock has struggled recently, falling 29% over the past year and trading around $61.42 as of Sept. 11, 2026. This market skepticism stands in contrast to the company's ongoing efforts to modernize its service offerings through generative AI.
Our proprietary Hidden Gems scoring system assigns Amdocs an overall Superscore of 77 out of 100, placing it in the Strong category. The Superscore is an AI-powered score that evaluates a company's overall strength by combining financial performance, product market position, technological capabilities, leadership quality, and relative valuation. It represents the unification of all our scores into a single score for public companies, with five rating bands: Exceptional (90-100), Strong (75-89), Above Average (60-74), Average (40-59), and Cautious (0-39). A 77 places the company in the Top ~17% of every company we score. This score serves as a data-driven starting point, and the following analysis balances the company's recent operational successes against its lingering strategic risks so you can decide if it belongs in your portfolio.
Why DOX Has a 77 SuperscoreDisciplined portfolio pruning: The company recently phased out $600 million in low-margin, non-core business activities to concentrate capital on higher-growth areas like network automation and cloud migration.Expanding operating margins: Management's focus on efficiency drove non-GAAP operating margins to 21.6% in Q3 fiscal 2026, a 20 basis-point improvement year over year.Recurring revenue moat: Managed services now account for 67% of total revenue, creating a sticky, predictable income stream underpinned by a $4.26 billion 12-month backlog.Strong cash conversion: The business consistently converts a high percentage of its earnings into free cash flow, which has allowed management to return capital to shareholders through $143 million in share repurchases during Q3 fiscal 2026 alone.Strategic AI integration: The launch of the Agentic Telco Operating System, or aOS, provides a new platform to anchor long-term customer engagements, such as the recently signed 10-year flagship deal with Liberty Latin America.Why Is DOX's Superscore Not Higher?Stagnant organic growth: Despite the pivot to new technologies, headline revenue growth remains in the low single digits, reflecting a mature telecommunications sector that is slow to replace legacy infrastructure.Customer concentration risk: The business relies heavily on a handful of Tier-1 carriers, meaning the loss or consolidation of a single major client would materially impact the company's financial performance.Agentic AI uncertainty: While management is leaning into generative AI, the technology remains in an early stage of adoption, and it is currently difficult to distinguish these new offerings from legacy services in terms of pricing power and market adoption.Integration complexity: Relying on acquisitions to bolster its cloud and automation capabilities forces management to constantly balance integration costs with the need for operational efficiency, which has periodically weighed on net income.Hidden Gems Database Scores at a GlanceScoreScore (out of 100)RankSupporting Data PointProduct (1Y)76Top ~28%Strategic pivot to high-margin managed services and AI-led offerings is gaining traction.Product (5Y)61Bottom ~50%Revenue growth was largely stagnant for several years, hovering around $5 billion annually.Financial (1Y)63Top ~40%Operating margins expanded following a deliberate reduction in non-core business activities.Financial (5Y)64Top ~34%Consistent profitability and cash generation supported steady shareholder returns over the long term.Leaders81Top ~15%Management demonstrates transparency and specific guidance in financial reporting and roadmap execution.AI55Top ~16%The agentic transition is underway but currently sold as an extension of existing legacy services.Valuation Risk74Top ~12%The stock trades at a trailing P/E of 14.15, which suggests a lower valuation risk profile.Is DOX Right For Your Portfolio?This stock warrants a closer look if...
You are looking for reliable, recurring cash flow and dividends from an incumbent player in the small-cap tech stocks space.You believe that the shift toward agentic AI will eventually accelerate the digital transformation of major global telecom carriers.You may want to keep researching before buying if...
You are seeking high-growth companies that are capable of delivering rapid top-line expansion in the near term.You are concerned about the risks associated with extreme customer concentration within the global telecommunications industry.The Superscore provides a unified signal, but it is not a substitute for your own due diligence regarding your financial goals and risk tolerance.
Premium Feature
Moneyball Superscore
72/100
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My 5-year prediction for DOX stockAmdocs shares were hit hard earlier this year during the "SaaSpocalypse" that gutted the software-as-a-service industry as the market feared the rise of agentic AI would replace traditional licensing models. The stock has recovered modestly from its lows, though it's still more than 40% off its highs seen in 2020 and 2022.
Management -- one of Amdocs' greatest strengths, according to the Hidden Gems scoring system -- is responding to the perceived AI threat by embracing AI automation to transform its core software and services. Its 10-year strategic engagement with Liberty Latin America could be a springboard for future deals that integrate AI capabilities into Amdoc's legacy telecommunications management. It also provides the telecom company and its investors a source of long-term, recurring cash flow.
This legacy provider is making important moves to remain relevant in an evolving technological arena, but it's not likely to deliver explosive growth over the short or medium terms. That said, Amdocs has a current dividend yield of 3.92% and a 15-year dividend payout history, which will likely appeal income investors. And its trailing price-to-earnings (P/E) ratio of approximately 14 is below its 10-year historical median of roughly 18, which may appeal to value investors as well.
The Hidden Gems Superscore reflects The Motley Fool's proprietary AI-driven evaluation of a company across product, financial, leadership, and valuation pillars as of the article date and may change over time. Performance figures are point-in-time. Past performance does not guarantee future results.
The agreement pairs QazCode's expertise and technology with Amdocs aOS, modernizing VEON's technology operations and accelerating its digital operator strategy
DUBAI, AE AND ALMATY, KZ AND JERSEY CITY, NJ / ACCESS Newswire / October 7, 2026 / VEON Ltd. ("VEON"), a global digital operator, and Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced a 10-year strategic agreement. Under the agreement, Amdocs will run and continuously modernize VEON's core technology operations, accelerate its strategy as a digital operator, and provide long-term cost predictability across its IT operations in Eurasia. Amdocs will utilize certain QazCode intellectual property rights, leveraging QazCode's technology expertise, which will be integrated into Amdocs aOS, an agentic operating system purpose-built for telecommunications.
"Digital and AI services are an increasingly important part of how we serve our customers, already accounting for about 27% of VEON's Group revenue, and that contribution keeps growing," said Kaan Terzioğlu, Chief Executive Officer of VEON. "QazCode has helped us build the technology and talent to bring better digital experiences to the millions of people who rely on us every day, and adopting Amdocs' aOS capabilities is a natural next step in that journey. Our strategic partnership with Amdocs creates a strong foundation to keep improving people's lives through digital and AI innovation over the next decade."
"VEON is one of the most ambitious digital operators in our industry, and exactly the kind of partner we built aOS, the agentic operating system specialized for telco, for. With aOS, Amdocs will help transform VEON's operations, customer experiences and digital services through verticalized, telco-specific AI, advancing its evolution toward intelligent agentic autonomy. VEON's trust in Amdocs to lead this journey reflects our shared ambition to shape the next era of the digital operator. This agreement also expands Amdocs' presence in Kazakhstan, Uzbekistan and the wider Eurasia region, where we see significant opportunity," said Anthony Goonetilleke, Group President, New Growth Horizons at Amdocs.
About VEON
VEON is a digital operator that provides connectivity and digital services to over 150 million connectivity customers and more than 228 million digital customers. Operating across five countries that are home to more than 6% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: https://www.veon.com.
About QazCode
QazCode is one of the leading AI companies and the exclusive digital partner of Beeline Kazakhstan. The company is part of the VEON group, which is listed on the Nasdaq stock exchange. The company has over 750 employees with 8 years of experience in software development for the telecom and IT markets with a deep understanding of business and technology. The solution portfolio includes the development of private Large Language Models (LLM) with a focus on data security, process optimization through Agile methodologies, full-cycle implementation of Business Support Systems (BSS), and IT outsourcing for effective product development, team expansion, and project management to help accelerate time to market. The company already operates in Central Asia, Europe, and the Middle East, and is actively expanding its presence in new markets.
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.
VEON's Forward-Looking Statement
This release contains "forward-looking statements", within the meaning of the Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to closing of the Amdocs transaction and our strategic ambitions. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to the closing of the Amdocs transaction and our strategic ambitions, among others discussed in the section entitled "Risk Factors" in VEON's 2025 Form 20-F filed with the SEC on March 16, 2026 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law.
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, for the second quarter of fiscal 2026 on May 26, 2026 and for the third quarter of fiscal 2026 on August 18, 2026.
Amdocs Limited (NASDAQ:DOX – Get Free Report)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $57.18, but opened at $59.70. Amdocs shares last traded at $59.8020, with a volume of 93,518 shares.
Analyst Ratings Changes A number of equities research analysts have commented on the stock. KeyCorp started coverage on shares of Amdocs in a research note on Monday, June 29th. They set a “sector weight” rating on the stock. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a research report on Wednesday, August 5th. Three 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $86.67.
Read Our Latest Stock Report on DOX
Amdocs Price Performance The company has a debt-to-equity ratio of 0.23, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50-day moving average of $59.32 and a 200-day moving average of $59.68. The stock has a market cap of $6.27 billion, a PE ratio of 13.84, a PEG ratio of 0.94 and a beta of 0.44. Amdocs (NASDAQ:DOX – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $1.84 EPS for the quarter, hitting analysts’ consensus estimates of $1.84. Amdocs had a return on equity of 20.28% and a net margin of 9.75%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm earned $1.72 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Research analysts predict that Amdocs Limited will post 6.56 EPS for the current year.
Amdocs Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.5690 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Amdocs’s payout ratio is 54.29%.
Institutional Trading of Amdocs A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pzena Investment Management LLC lifted its stake in Amdocs by 5.4% in the 1st quarter. Pzena Investment Management LLC now owns 12,681,089 shares of the technology company’s stock worth $827,568,000 after purchasing an additional 644,074 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Amdocs by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock valued at $226,045,000 after purchasing an additional 571,036 shares in the last quarter. Brandes Investment Partners LP increased its holdings in shares of Amdocs by 2.8% in the fourth quarter. Brandes Investment Partners LP now owns 2,714,965 shares of the technology company’s stock worth $218,583,000 after purchasing an additional 74,244 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Amdocs by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,852,587 shares of the technology company’s stock worth $151,141,000 after purchasing an additional 16,301 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Amdocs by 29.1% in the first quarter. Bank of America Corp DE now owns 1,262,263 shares of the technology company’s stock worth $82,375,000 after buying an additional 284,435 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.
About Amdocs (Get Free Report)
Amdocs Limited (NASDAQ: DOX) is a global provider of software and services for communications, media and entertainment companies. Its offerings help service providers manage customer relationships, billing, product catalogs, ordering, network operations and digital experiences across consumer and enterprise markets.
The company provides business support systems and operational support systems, along with cloud-based platforms, artificial intelligence and data solutions, cybersecurity, network services and managed services.
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
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.
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Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
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How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
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To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important 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.
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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 #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 8; value investors should take notice.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.00 to $7.42 per share. DOX boasts an average earnings surprise of +1.1%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, DOX should be on investors' short list.
Not every dividend survives a rough macro quarter, but some payouts are structured to keep growing no matter what the economy does. Five Nasdaq stocks built on contracted fees, recurring subscriptions, and regulated rates are making a case for income…
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Income investors heading into the fourth quarter want payouts that don’t wobble with the business cycle. The five names below share one thing: dividends funded by recurring, contracted, or fee-based revenue streams that keep flowing whether or not the macro cooperates. Each has raised its payout recently, and each trades on Nasdaq. As a grounding data point, Willis Towers Watson (NASDAQ:WTW | WTW Price Prediction) alone generated $360 million of first-half free cash flow, roughly double the prior-year period, giving the broker ample room to keep funding both dividends and buybacks.
York Water York Water (NASDAQ:YORW) is the small Pennsylvania regulated water utility whose payout streak is the longest in US public markets. The dividend yield sits at 2.73%, with a quarterly rate of $0.228 and the next payment due October 15, 2026. Trailing EPS of $1.60 against an annualized payout implied by that quarterly rate leaves solid earnings coverage, and management flagged its 27th consecutive year of dividend increases in the Q1 summary.
The bull case is straightforward regulated rate-base growth. A rate increase that took effect March 1, 2026 drove Q3 revenue up 22.5% year over year to $23.52 million, with EPS of $0.49 beating the $0.40 estimate. Small tuck-ins including CMV Sewage and Pine Run extend the footprint. The caveat: annual capex has run above operating cash flow every year from 2020 through 2025, so growth is debt- and equity-financed, and the absolute yield is modest for the sector.
Willis Towers Watson WTW is a global insurance broker and HR advisor whose revenue is heavily fee-based and highly recurring. The current yield is 0.6%, with the quarterly dividend raised to $0.96 in 2026 from $0.92 in 2025, extending a multi-year hike cadence that shows quarterly amounts stepping up from $0.48 in 2016 to today. Trailing EPS of $16.16 dwarfs the annualized payout, and 2025 operating cash flow of $1.775 billion against $358 million in dividends leaves the payout well covered.
The bull case is capital return on top of margin expansion. Q2 adjusted EPS rose 17% to $3.35, adjusted operating margin expanded 100 basis points to 19.5%, and management reiterated at least $1 billion of buybacks for the year. The Propel program targets an enterprise adjusted operating margin near 30% by 2028. Risk: the Willis Re JV creates a roughly $0.30 EPS headwind and the Newfront transaction is about $0.10 dilutive near term.
Mondelez International Mondelez International (NASDAQ:MDLZ) owns Oreo, Ritz, Cadbury, Milka, and Toblerone. The current yield is 3.2%, backed by a quarterly dividend that stepped up to $0.50 beginning with the September 30, 2025 ex-date, extending a run of annual hikes visible in the record from $0.13 in 2013 to today. Full-year 2025 operating cash flow of $4.51 billion against $2.49 billion in dividend payments leaves clear coverage even after $1.28 billion of capex, and management guided FY2026 free cash flow to roughly $3 billion.
The bull case is scale in snacking with emerging-market horsepower. Q2 adjusted EPS of $0.73 beat the $0.68 estimate, with Latin America up 15.1% and AMEA up 8.2%. CEO Dirk Van de Put said on the Q2 call that “emerging markets, strong volume-led growth, we expect that to continue,” and CFO Luca Zaramella framed the profit trajectory bluntly: “You’re going to see an acceleration of the gross profit dollar number, particularly in Q3, but also in Q4.” Risk: cocoa cost volatility pressured Q2 adjusted operating margin by 120 basis points, and Europe organic revenue was down 1.0%.
Amdocs Amdocs (NASDAQ:DOX) sells the software and managed services that run telecom operators’ billing and customer systems. The dividend yield is 3.6%, with the quarterly rate lifted to $0.569 in fiscal 2026 from $0.527 in fiscal 2025, continuing a hike cadence visible from $0.155 in 2014. Trailing EPS of $4.21 and fiscal 2025 operating cash flow of $749 million against $224 million in dividends and $104 million in capex give the payout wide coverage.
The bull case is the annuity-like managed services base. Q3 non-GAAP EPS of $1.84 beat the $1.65 estimate, managed services made up 67% of revenue at $790.5 million with near-100% renewal rates, and 12-month backlog reached $4.26 billion. A new 10-year partnership with Liberty Latin America for the aOS agentic operating system anchors the AI pillar, and roughly $600 million of buyback capacity remains. Risk: shares are down 21% year to date on telco spending caution and a $106 million restructuring charge that pressured GAAP net income.
Ituran Location and Control Ituran Location and Control (NASDAQ:ITRN) runs vehicle telematics and stolen-vehicle recovery subscriptions in Israel and Latin America. The regular quarterly dividend is $0.50, alongside a $1.50 special payment tied to the March 30, 2026 ex-date. The regular rate stepped up from $0.39 across 2024 to $0.50 across 2025 and 2026. Trailing EPS of $3.23, a $103.7 million net cash balance sheet with no debt, and Q2 operating cash flow of $32.22 million underwrite the payout.
The bull case is a growing recurring subscription book with expanding margins. Q2 revenue rose 20.7% to $104.79 million, subscription revenue was up 25% at $79.82 million, and Ituran added 41,000 net subscribers to reach a base of 2,711,000. Gross margin expanded to 50.9%. Risk: geographic concentration in Israel and Latin America and shekel currency exposure can whipsaw reported results.
These five names are stitched together by one idea: dividends paid out of contracted rates, fee income, subscription revenue, or globally diversified snack cash flows rather than cyclical earnings. YORW and WTW anchor the list on multi-decade hike track records (if you want the tier above that, the 50-year club, we ranked ten of them by valuation in a free Dividend Kings report); MDLZ and DOX add mid-single-digit yields with covered cash flows; ITRN brings a debt-free balance sheet and a special payment on top of a rising regular dividend. Heading into year end, that mix of durability and rising payouts is what income investors should be prioritizing.
Contact [email protected] for any questions or corrections.
Public Employees Retirement System of Ohio acquired a new position in Amdocs Limited (NASDAQ:DOX – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,133 shares of the technology company’s stock, valued at approximately $1,523,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC boosted its holdings in Amdocs by 82.6% in the 4th quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock valued at $969,100,000 after purchasing an additional 5,443,766 shares during the period. Alyeska Investment Group L.P. increased its holdings in shares of Amdocs by 155.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,110,393 shares of the technology company’s stock worth $169,908,000 after purchasing an additional 1,283,231 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Amdocs by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock valued at $226,045,000 after buying an additional 571,036 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Amdocs by 469.4% during the fourth quarter. Squarepoint Ops LLC now owns 543,875 shares of the technology company’s stock valued at $43,787,000 after buying an additional 448,358 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in shares of Amdocs by 501.1% in the fourth quarter. Voloridge Investment Management LLC now owns 520,494 shares of the technology company’s stock valued at $41,905,000 after buying an additional 433,907 shares during the period. Institutional investors own 92.02% of the company’s stock.
Amdocs Price Performance Shares of Amdocs stock opened at $62.21 on Tuesday. The firm has a market cap of $6.72 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.08 and a beta of 0.42. The firm’s 50-day simple moving average is $56.43 and its 200-day simple moving average is $60.83. Amdocs Limited has a twelve month low of $49.74 and a twelve month high of $86.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 0.94.
Amdocs (NASDAQ:DOX – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $1.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.84. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Amdocs had a net margin of 9.75% and a return on equity of 20.28%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.72 earnings per share. As a group, research analysts expect that Amdocs Limited will post 6.56 EPS for the current fiscal year. Amdocs Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.569 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.7%. Amdocs’s dividend payout ratio is presently 54.29%.
Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on DOX shares. Cfra downgraded Amdocs to a “sell” rating in a research report on Thursday, May 14th. KeyCorp initiated coverage on Amdocs in a report on Monday, June 29th. They issued a “sector weight” rating for the company. Stifel Nicolaus reduced their price objective on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.67.
Read Our Latest Stock Report on DOX
Amdocs 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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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.
JERSEY CITY, NJ / ACCESS Newswire / September 3, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that CEO Shimie Hortig and CFO Tal Rozenfeld will speak at the Goldman Sachs Communacopia + Technology Conference on September 8 at 3:05 pm PT and at Citi's 2026 Global TMT Conference on September 9 at 1:15 pm ET. The live webcasts will be available at https://investors.amdocs.com/ and a replay will be available at the same address.
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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, and for the third quarter of fiscal 2026 on August 18, 2026.
Contacts:
Matthew Smith
Head of Investor Relations
Amdocs
Tel: +1 (314) 212-8328
E-mail: [email protected]
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.
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The Style Scores are broken down into four categories:
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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 #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. DOX has a Momentum Style Score of B, and shares are up 13.4% over the past four weeks.
For fiscal 2026, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $7.42 per share. DOX boasts an average earnings surprise of +1.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, DOX should be on investors' short list.
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."
Supporting Resources
Learn more about Amdocs Customer Experience Suite, here
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.
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]
Digiliti Money (OTCMKTS:DGLT - Get Free Report) and Amdocs (NASDAQ: DOX - Get Free Report) are both technology companies, but which is the better stock? We will compare the two companies based on the strength of their earnings, risk, institutional ownership, profitability, dividends, analyst recommendations and valuation. Analyst Recommendations This is a breakdown of current ratings
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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Amdocs Limited (DOX) Oppenheimer 29th Annual Technology, Internet & Communications Conference August 12, 2026 9:55 AM EDT
Company Participants
Anthony Goonetilleke - Group President of Technology & Head of Strategy
Matthew Smith - Secretary & Head of Investor Relations
Conference Call Participants
Timothy Horan - Oppenheimer & Co. Inc., Research Division
Presentation
Timothy Horan
Oppenheimer & Co. Inc., Research Division
Good morning, everybody. Tim Horan, the communications, digital infrastructure and satellite analyst now here at Oppenheimer. My pleasure to be hosting Amdocs again, I think, for maybe the fifth year. And I've hosted probably Anthony, the Group President of Amdocs, much, much more often than that actually. Anthony, I will always mess up your last name, but we're good with Anthony for now. Yes. And Matt Smith, Head of IR is here also.
Question-and-Answer Session
Timothy Horan
Oppenheimer & Co. Inc., Research Division
It's just really, I think fascinating times in technology and networks and compute. And clearly, in the economy, we just think we're in the precipice of incredible changes to the economy with this [Technical Difficulty]
Unknown Executive
[Audio Gap] which is really focusing on telecommunications, our BSS, OSS really coming to the market with the next-generation Agentic platform, keep doubling down on that. We have a North Star or we believe that eventually, it is really going to be business to machines, right? Meaning this kind of massive layer of doing a lot of IT and doing a lot of change requests and things like that is kind of going to disappear as software starts to kind of auto heal and evolve and be more Agentic and be able to give you all of these capabilities. And we're starting to push some of those boundaries. And that is really pillar 1, just taking our customers to the next evolution of software, which is natively, Agentically built.
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.
Key Takeaways Amdocs matched Q3 FY26 earnings estimates as revenues rose 2.7% and non-GAAP earnings increased 7%.Managed services reached a record $791 million, accounting for 67% of total revenues.Fiscal 2026 guidance calls for 3.2-4% revenue growth and $710-$730 million in free cash flow. Amdocs Limited (DOX - Free Report) 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’ Q2 DetailsDOX 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. Non-GAAP diluted earnings are projected in the range of $1.94-$2 per share, while GAAP earnings are forecast between $1.48 and $1.56.
The Zacks Consensus Estimate for fourth-quarter fiscal 2026 revenues and earnings is currently pegged at $1.19 billion and $1.98 per share, respectively.
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.
The Zacks Consensus Estimate for fiscal 2026 revenues and earnings is currently pegged at $4.70 billion and $7.42 per share, respectively.
DOX’s Zacks Rank & Stocks to ConsiderCurrently, Amdocs carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer and Technology sector are Lumentum (LITE - Free Report) , Applied Materials (AMAT - Free Report) and Analog Devices (ADI - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Lumentum have surged 123% year to date. The Zacks Consensus Estimate for LITE’s fiscal 2026 earnings is pegged at $8.19 per share, up by 5 cents over the past 30 days, indicating an increase of 297.6% year over year.
Shares of Applied Materials have jumped 107.9% year to date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $12.14 per share, up by 3 cents over the past 30 days, indicating a rise of 28.9% year over year.
Analog Devices shares have surged 39.2% year to date. The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings is pegged at $12.42 per share, up by 10 cents over the past 30 days, indicating an increase of 33.9% year over year.
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]
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) came out with quarterly earnings of $1.84 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $1.72 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this provider of computer systems integration would post earnings of $1.77 per share when it actually produced earnings of $1.78, delivering a surprise of +0.56%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Amdocs, which belongs to the Zacks Computers - IT Services industry, posted revenues of $1.17 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.04%. This compares to year-ago revenues of $1.14 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Amdocs shares have lost about 29.6% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Amdocs?While Amdocs has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Amdocs was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.98 on $1.19 billion in revenues for the coming quarter and $7.42 on $4.7 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, T Stamp Inc. (IDAI - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.40 per share in its upcoming report, which represents a year-over-year change of +42%. The consensus EPS estimate for the quarter has been revised 68.4% lower over the last 30 days to the current level.
T Stamp Inc.'s revenues are expected to be $0.9 million, up 11.1% from the year-ago quarter.
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.
Earnings Revenue of $1.17 Billion, up 2.7% YoY as Reported and up 2.2% YoY in Constant Currency(1)
Expects Fiscal 2026 Revenue Growth Outlook of 3.2%-4.0% YoY as Reported
Reiterates Midpoint of Fiscal 2026 Revenue Growth Outlook of 2.6% to 3.4% YoY in Constant Currency(1)
Announces Multi-Year Strategic Engagement with Liberty Latin America to Manage & Transform its Entire IT Domain Through Amdocs' Agentic Operating System, aOS
Third Quarter Fiscal 2026 Highlights
(All comparisons are against same quarter of the prior year, unless otherwise stated)
Revenue of $1,175 million, up 2.7% as reported and up 2.2% in constant currency(1); revenue was at the midpoint of the $1,155-$1,195 million guidance range and includes a negligible impact from foreign currency movements relative to our guidance assumptions
Managed services record revenue of $791 million, equivalent to approximately 67% of total revenue and up 2.5%
GAAP diluted EPS of $0.59, including a restructuring charge of 91 cents per share, without which GAAP diluted EPS would have been above the guidance range of $1.39-$1.47
Non-GAAP diluted EPS of $1.84, at the midpoint of the guidance range of $1.81-$1.87
GAAP operating income of $105 million, including a restructuring charge of $106 million; GAAP operating margin of 8.9%, down 880 basis points compared to last year's third quarter and 670 basis points sequentially
Non-GAAP operating income of $253 million; non-GAAP operating margin of 21.6%, up 20 basis points as compared to last year's third fiscal quarter and up 10 basis points sequentially
Free cash flow of $172 million, comprised of cash flow from operations of $197 million, including $21 million of restructuring payments, less $25 million in net capital expenditures(2); excluding restructuring payments, free cash flow was $193 million; reiterates full year fiscal 2026 free cash(2) outlook of $710 million to $730 million, excluding restructuring payments
Repurchased $143 million of ordinary shares during the third fiscal quarter
Twelve-month backlog of $4.26 billion, up 2.7% as compared to last year's third fiscal quarter and down $20 million sequentially
(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 / August 5, 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 June 30, 2026.
"I'm pleased to report solid Q3 results. Revenue of $1.175 billion was consistent with the midpoint of guidance, and profitability improved from a year ago as we continued to balance growth investments with accelerated internal transformation to become an agentic-first organization. Managed services had a record quarter, contributing 67% of total revenue, and twelve-month backlog grew by 2.7% from a year ago. With these results, we're on track to achieve our fiscal 2026 financial guidance while closely monitoring macroeconomic developments and customer spending behavior in the current climate," said Shimie Hortig, president and chief executive officer of Amdocs Management Limited.
Hortig continued, "As we've advanced our strategy over the last few months, I'd like to provide more details about our plans to lead Amdocs forward. Last quarter, I shared my excitement about the agentic era, and the long-term opportunity this presents to help our industry and customers fundamentally transform their IT and network domains. Our vision is to be the primary partner of choice to accelerate this agentic transformation and unlock its value for our customers. Today, we are introducing our new four-pillar growth strategy. Pillar 1, and the core of our strategy, is "aOS, Agentic Telco Operating System", designed to fundamentally transform the way our customers operate their business. Pillar II is "New Vertical Expansion" where we plan to leverage our deep engineering pedigree, combined with our transformation expertise, to accelerate agentic modernization in another industry. Pillar III is "Emerging Growth Horizons" where we intend to capture and solve emerging needs driven by the GenAI revolution in our customer base and beyond. Pillar IV relates to the "Internal Transformation" of Amdocs to become an agentic-first organization as a key enabler to support our future growth."
Hortig concluded, "As the first major proof point of our first growth pillar, I'm proud to share an important moment in our agentic journey. We signed a new, large-scale 10-year partnership with Liberty Latin America encompassing their entire end-to-end IT ecosystem. This is a true flagship engagement under which Liberty Latin America is trusting Amdocs to manage and transform its entire IT domain leveraging aOS, Amdocs' agentic telco operating system. The engagement will transform Liberty Latin America's traditional IT operations into an AI-driven operating model designed to accelerate time to market, increase product innovation, enhance customer and employee experience, and deliver significant cost savings. The deal is also a meaningful expansion of Amdocs' footprint in the CALA region and is a major demonstration of our ability to handle highly complex mission critical operations across multiple markets."
Revenue
(All comparisons are against the prior year period)
In millions
Three months ended
June 30, 2026
Actual
Guidance
Revenue
$
1,175
$1,155 - $1,195
Revenue Growth, as reported
2.7%
Revenue Growth, constant currency(1)
2.2%
Revenue for the third fiscal quarter of 2026 was at the midpoint of Amdocs' guidance and includes a negligible impact from foreign currency movements compared to our guidance assumptions
Revenue for the third fiscal quarter includes a positive impact from foreign currency movements of $5 million relative to the third quarter of fiscal 2025 and a negative impact from foreign currency movements of $1 million relative to the second quarter of fiscal 2026
Net Income and Earnings Per Share
In thousands, except per share data
Three months ended
June 30,
2026
2025
GAAP Measures
Net Income
$
63,193
$
154,802
Net Income attributable to Amdocs Limited
$
62,169
$
154,001
Diluted earnings per share
$
0.59
$
1.39
Non-GAAP Measures
Non-GAAP Net Income
$
195,940
$
192,170
Non-GAAP Net Income attributable to Amdocs Limited
$
194,916
$
191,369
Non-GAAP Diluted earnings per share
$
1.84
$
1.72
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 August 5, 2026, the Board approved the Company's next quarterly cash dividend payment at the rate of $0.569 per share, and set September 30, 2026 as the record date for determining the shareholders entitled to receive the dividend, which will be payable on October 30, 2026
Share Repurchase Activity: Repurchased $143 million of ordinary shares during the third quarter of fiscal 2026
Twelve-month Backlog
Twelve-month backlog was $4.26 billion at the end of the third quarter of fiscal 2026, up approximately 2.7% as compared to last year's third 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.
Fourth Quarter Fiscal Year Outlook
In millions, except per share data
Q4 - 2026
Revenue
$1,175-$1,215
GAAP Diluted earnings per share
$1.48-$1.56
Non-GAAP Diluted earnings per share
$1.94-$2.00
Fourth quarter revenue guidance assumes a negative $2.5 million sequential impact from foreign currency fluctuations as compared to the third quarter of fiscal 2026
GAAP diluted EPS guidance does not include the impact of future restructuring charges
Fourth 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 $0.18 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
3.2%-4.0%
2.6%-4.6%
Revenue Growth, constant currency (1)
2.6%-3.4%
2.0%-4.0%
GAAP Diluted earnings per share
(5.0)%-(3.0)%
12.0%-15.0%
5.5%-6.5%
5.0%-7.0%
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, unchanged as compared with our previous assumption, 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 $0.95-$0.97 per share, amortization of purchased intangible assets and other acquisition-related costs of approximately $0.60 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) outlook 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 fourth 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 August 5, 2026 at 5:00 p.m. Eastern Time to discuss the Company's third 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
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.
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 and for the second quarter of fiscal 2026 on May 26, 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
June 30,
Nine months ended
June 30,
2026
2025
2026
2025
Revenue
$
1,174,895
$
1,144,437
$
3,502,813
$
3,382,695
Operating expenses:
Cost of revenue
707,740
711,147
2,152,196
2,091,455
Research and development
86,367
86,851
255,346
252,980
Selling, general and administrative
149,252
127,589
416,650
384,301
Amortization of purchased intangible assets and other
20,574
16,380
56,416
48,137
Restructuring charges
106,424
-
128,130
6,783
1,070,357
941,967
3,008,738
2,783,656
Operating income
104,538
202,470
494,075
599,039
Interest and other expense, net
(14,082
)
(11,705
)
(31,310
)
(26,579
)
Income before income taxes
90,456
190,765
462,765
572,460
Income taxes
27,263
35,963
102,346
101,805
Net income
$
63,193
$
154,802
$
360,419
$
470,655
Net income attributable to noncontrolling interests
1,024
801
2,869
2,278
Net income attributable to Amdocs Limited
$
62,169
$
154,001
$
357,550
$
468,377
Basic earnings per share attributable to Amdocs Limited
$
0.59
$
1.39
$
3.35
$
4.19
Diluted earnings per share attributable to Amdocs Limited
$
0.59
$
1.39
$
3.33
$
4.17
Cash dividends declared per ordinary share
$
0.569
$
0.527
$
1.665
$
1.533
Basic weighted average number of shares outstanding
105,453
110,614
106,845
111,776
Diluted weighted average number of shares outstanding
105,691
111,188
107,228
112,384
AMDOCS LIMITED
Selected Financial Metrics
(In thousands, except per share data)
Three months ended
June 30,
Nine months ended
June 30,
2026
2025
2026
2025
Revenue
$
1,174,895
$
1,144,437
$
3,502,813
$
3,382,695
Non-GAAP operating income
253,409
244,708
755,184
720,212
Non-GAAP net income
195,940
192,170
585,572
582,064
Non-GAAP net income attributable to Amdocs Limited
194,916
191,369
582,703
579,786
Non-GAAP diluted earnings per share
$
1.84
$
1.72
$
5.43
$
5.16
Diluted weighted average number of shares outstanding
(a) The amounts under "Purchase of property and equipment, net", include immaterial proceeds from sale of property and equipment for the three and nine months ended June 30, 2026 and 2025, respectively.
AMDOCS LIMITED
Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP
(In thousands)
Three Months Ended June 30, 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
$
707,740
$
-
$
(10,005
)
$
(135
)
$
-
$
-
$
-
$
697,600
Research and development
86,367
(1,796
)
84,571
Selling, general and administrative
149,252
(9,802
)
(135
)
139,315
Amortization of purchased intangible assets and other
20,574
(20,574
)
-
Restructuring charges
106,424
(106,424
)
-
Total operating expenses
1,070,357
(20,574
)
(21,603
)
(270
)
(106,424
)
-
-
921,486
Operating income
104,538
20,574
21,603
270
106,424
253,409
Interest and other expense, net
(14,082
)
(111
)
(14,193
)
Income taxes
27,263
16,013
43,276
Net income
63,193
20,574
21,603
270
106,424
(111
)
(16,013
)
195,940
Net income attributable to noncontrolling interests
1,024
1,024
Net income attributable to Amdocs Limited
$
62,169
$
20,574
$
21,603
$
270
$
106,424
$
(111
)
$
(16,013
)
$
194,916
Three Months Ended June 30, 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
$
711,147
$
-
$
(12,652
)
$
(361
)
$
-
$
-
$
698,134
Research and development
86,851
(2,449
)
84,402
Selling, general and administrative
127,589
(10,860
)
464
117,193
Amortization of purchased intangible assets and other
16,380
(16,380
)
-
Total operating expenses
941,967
(16,380
)
(25,961
)
103
899,729
Operating income
202,470
16,380
25,961
(103
)
244,708
Interest and other expense, net
(11,705
)
(11,705
)
Income taxes
35,963
4,870
40,833
Net income
154,802
16,380
25,961
(103
)
(4,870
)
192,170
Net income attributable to noncontrolling interests
801
801
Net income attributable to Amdocs Limited
$
154,001
$
16,380
$
25,961
$
(103
)
$
-
$
(4,870
)
$
191,369
AMDOCS LIMITED
Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP
(In thousands)
Nine Months Ended June 30, 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
$
2,152,196
$
-
$
(32,770
)
$
(629
)
$
-
$
-
$
-
$
2,118,797
Research and development
255,346
(5,723
)
249,623
Selling, general and administrative
416,650
(45,199
)
7,758
379,209
Amortization of purchased intangible assets and other
56,416
(56,416
)
-
Restructuring charges
128,130
(128,130
)
-
Total operating expenses
3,008,738
(56,416
)
(83,692
)
7,129
(128,130
)
-
-
2,747,629
Operating income
494,075
56,416
83,692
(7,129
)
128,130
755,184
Interest and other expense, net
(31,310
)
(6,175
)
(37,485
)
Income taxes
102,346
29,781
132,127
Net income
360,419
56,416
83,692
(7,129
)
128,130
(6,175
)
(29,781
)
585,572
Net income attributable to noncontrolling interests
2,869
2,869
Net income attributable to Amdocs Limited
$
357,550
$
56,416
$
83,692
$
(7,129
)
$
128,130
$
(6,175
)
$
(29,781
)
$
582,703
Nine Months Ended June 30, 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
$
2,091,455
$
-
$
(38,258
)
$
(721
)
$
-
$
-
$
-
$
2,052,476
Research and development
252,980
(7,003
)
245,977
Selling, general and administrative
384,301
(32,873
)
12,602
364,030
Amortization of purchased intangible assets and other
48,137
(48,137
)
-
Restructuring charges
6,783
(6,783
)
-
Total operating expenses
2,783,656
(48,137
)
(78,134
)
11,881
(6,783
)
2,662,483
Operating income
599,039
48,137
78,134
(11,881
)
6,783
720,212
Interest and other expense, net
(26,579
)
5,979
(20,600
)
Income taxes
101,805
15,743
117,548
Net income
470,655
48,137
78,134
(11,881
)
6,783
5,979
(15,743
)
582,064
Net income attributable to noncontrolling interests
2,278
2,278
Net income attributable to Amdocs Limited
$
468,377
$
48,137
$
78,134
$
(11,881
)
$
6,783
$
5,979
$
(15,743
)
$
579,786
AMDOCS LIMITED
Condensed Consolidated Balance Sheets
(In thousands)
As of
June 30,
2026
September 30,
2025
ASSETS
Current assets:
Cash and cash equivalents
$
206,451
$
324,999
Accounts receivable, net, including unbilled
1,009,645
935,751
Prepaid expenses and other current assets
376,669
331,387
Total current assets
1,592,765
1,592,137
Property and equipment, net
736,393
768,557
Lease assets
165,282
182,088
Goodwill and other intangible assets, net
3,223,852
3,046,962
Other noncurrent assets
697,963
660,086
Total assets
$
6,416,255
$
6,249,830
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable, accruals and other
$
1,243,491
$
1,201,206
Short-term financing arrangements
280,000
-
Lease liabilities
34,677
38,725
Deferred revenue
144,328
118,861
Total current liabilities
1,702,496
1,358,792
Lease liabilities
124,968
140,776
Long-term debt, net of unamortized debt issuance costs
647,368
646,901
Other noncurrent liabilities
613,926
632,681
Total Amdocs Limited Shareholders equity
3,286,514
3,429,453
Noncontrolling interests
40,983
41,227
Total equity
3,327,497
3,470,680
Total liabilities and equity
$
6,416,255
$
6,249,830
AMDOCS LIMITED
Consolidated Statements of Cash Flows
(In thousands)
Nine months ended
June 30,
2026
2025
Cash Flow from Operating Activities:
Net income
$
360,419
$
470,655
Reconciliation of net income to net cash provided by operating activities:
Depreciation, amortization and impairment
156,177
144,535
Amortization of debt issuance cost
467
453
Equity-based compensation expense
83,692
78,134
Deferred income taxes
11,885
10,898
Loss from short-term interest-bearing investments
-
1,869
Net changes in operating assets and liabilities, net of amounts acquired:
Accounts receivable, net
(101,765
)
57,499
Prepaid expenses and other current assets
(12,622
)
(71,825
)
Other noncurrent assets
6,888
(21,659
)
Lease assets and liabilities, net
(3,049
)
3,483
Accounts payable, accrued expenses and accrued personnel
27,222
(85,590
)
Deferred revenue
12,483
13,813
Income taxes payable, net
8,216
(17,781
)
Other noncurrent liabilities
(31,030
)
(65,228
)
Net cash provided by operating activities
$
518,983
$
519,256
Cash Flow from Investing Activities:
Purchase of property and equipment, net (a)
(78,769
)
(72,740
)
Proceeds from sale of short-term interest-bearing investments
-
94,718
Net cash paid for business and intangible assets acquisitions
(217,644
)
(61,406
)
Net cash from equity investments and other
13,842
16,773
Net cash used in investing activities
$
(282,571
)
$
(22,655
)
Cash Flow from Financing Activities:
Repurchase of shares
(427,077
)
(414,924
)
Proceeds from employee stock option exercises
6,768
18,097
Payments of dividends
(174,278
)
(166,425
)
Distribution to noncontrolling interests
(3,113
)
(2,523
)
Borrowings under financing arrangements
280,000
-
Payment of contingent consideration and deferred payment of business acquisitions
(a) The amounts under "Purchase of property and equipment, net", include immaterial proceeds from sale of property and equipment for the three and nine months ended June 30, 2026 and 2025, respectively.
AMDOCS LIMITED
Supplementary Information
(In millions)
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]
The Swiss telecommunications operator is to modernize and evolve its CRM with aOS, Amdocs's agentic operating system for telco, to help its frontline staff work more efficiently
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 Sunrise has extended its long-standing collaboration with Amdocs to enhance its business support systems (BSS) embarking on a next-generation CRM evolution.
At the core of this transformation is the modernization and evolution of Sunrise's CRM Interface for Customer Service Representatives. Powered by aOS, Amdocs' agentic operating system for telco, Sunrise will focus on evolving its CRM to enable smarter, faster, and more streamlined workflows that help its service personnel to perform their work more efficiently and diligently.
By evolving its CRM within governed workflows that ensure reliability, security, and control, Sunrise aims to equip its agents with the tools and information they need to resolve issues faster and reduce average handling time, streamlining day-to-day operations across its contact centers and stores.
"CRM evolution is central to our operational strategy at Sunrise," said Anna Maria Blengino, Chief Information Officer at Sunrise. "Extending our collaboration with Amdocs allows us to build on a strong foundation while modernizing our CRM. By introducing new capabilities such as AI analytics into our CRM environment, we are equipping our call center staff with the tools they need to work more efficiently, resolve issues faster, and spend less time navigating systems."
"Sunrise's continued trust in Amdocs reflects the strength of our long-standing collaboration and our shared commitment to innovation," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "With Amdocs aOS, we are enabling Sunrise to reimagine and evolve its CRM, making service agents' day-to-day work more intuitive and efficient by embedding new capabilities directly into core workflows."
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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]
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."
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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
Swati Sharma
Amdocs Public Relations
E-mail: [email protected]
aOS, Amdocs' agentic operating system for telco, will help modernize Lumen's enterprise service orchestration and order management platform on AWS, accelerating service 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 the next phase of its cloud modernization collaboration with Lumen Technologies. Building on successful migrations to Google Cloud and Microsoft Azure, Amdocs will now leverage aOS, its agentic operating system purpose-built for telecommunications, and AI-driven modernization capabilities to accelerate the transformation of Lumen's enterprise service orchestration and order management platform on Amazon Web Services (AWS), further expanding the multi-cloud collaboration.
The engagement supports Lumen's cloud-first strategy by creating a resilient multi-cloud environment spanning AWS, Microsoft Azure and Google Cloud. The modernization will establish a cloud-native architecture that provides a scalable foundation for next-generation service delivery and future innovation. By increasing automation across service orchestration and order management, the transformation is expected to reduce manual operational effort, accelerate time-to-market for new services, and improve cycle times, SLA performance, and zero-touch operations, while preparing the platform for future AI-driven operations.
Under the collaboration, Amdocs will apply its agentic, AI-enabled migration capabilities through aOS to automate solution assessment, customization analysis, and migration planning, to support simplifying and accelerating the transformation to AWS. This AI-driven approach is designed to reduce effort, accelerate delivery, and enable a faster, more predictable transition to a cloud-native architecture, compressing critical assessment and planning activities from months to days.
"By expanding our multi-cloud strategy and modernizing our core service orchestration platform, we are building a more agile, resilient and AI-ready foundation that enables us to deliver greater value to our customers while driving future innovation and accelerating the modernization of a critical service orchestration platform that supports our business operations," said Chad Naeger, Chief Information Officer at Lumen Technologies.
"Extending our collaboration with Amdocs to include AWS workloads marks another important milestone in our cloud-first transformation journey," said Sulabh Sood, Vice President of Cloud Transformation at Lumen Technologies.
"The expansion of our collaboration with Lumen reflects the strength of the partnership we've built together, and the confidence earned through successful cloud modernization initiatives," said Anthony Goonetilleke, Group President of Technology and Head of Strategy, Amdocs. "By extending our work to another mission-critical platform on AWS, and leveraging modernization agents to accelerate migration, we're able to focus on reducing delivery risks, help Lumen realize business outcomes faster, and establish a scalable foundation for continued innovation."
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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
Swati Sharma
Amdocs Public Relations
E-mail: [email protected]
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."
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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]
Amdocs Remote eSIM Manager, part of the Amdocs eSIM Cloud Platform, empowers Cielo to deliver intelligent, software-defined connectivity across Brazil's payment ecosystem
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 Cielo, one of Brazil's largest payment services providers, has selected Amdocs Remote eSIM Manager to modernize and transform its nationwide payment terminal connectivity platform.
Under this engagement, Cielo will transition from traditional SIM-based connectivity model to an intelligent, software-defined connectivity model across its fleet of payment terminals deployed throughout Brazil.
Leveraging Amdocs' award-winning eSIM Cloud Platform, the solution enables secure remote provisioning and lifecycle management of connectivity profiles, allowing devices to dynamically connect to the best available mobile network. This ensures continuous connectivity and helps maintain uninterrupted payment processing across Brazil's diverse network environments.
With the deployment of Amdocs Remote eSIM Manager, Cielo will gain advanced capabilities to manage connectivity across its payment terminal ecosystem, including eSIM lifecycle management and remote provisioning, dynamic switching between mobile network operators, real-time network quality monitoring and optimization, intelligent connectivity orchestration for payment terminals, and secure remote activation and profile management.
"As digital payments continue to expand across Brazil, resilient and intelligent connectivity is essential to ensure seamless experiences for merchants and consumers," said Carlos Alves, Chief Technology Officer, Cielo. "We are happy to partner with Amdocs to leverage eSIM technology and move towards a more flexible, scalable connectivity model that will transform our nationwide payment terminal network. This will help us deliver improved transaction reliability, simplified operations, and support the continued growth of Brazil's digital payments ecosystem."
"Seamless connectivity is the foundation of so many activities in our daily lives, from the entertainment we watch to the commerce transactions we make," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "We're proud to work with Cielo as they bring the full capability of Amdocs eSIM Cloud to one of Latin America's leading payment networks, helping to simplify and streamline both merchant and customer experiences."
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About Cielo
Cielo is one of Brazil's largest payment services providers and a key player in the country's financial ecosystem. Founded in 1995, the company provides acquiring and payment processing infrastructure to merchants across Brazil, ranging from small businesses to large retailers. Cielo processes billions of transactions annually and plays a central role in enabling digital commerce nationwide.
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]
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.
The market expects Amdocs (DOX - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis provider of computer systems integration is expected to post quarterly earnings of $1.84 per share in its upcoming report, which represents a year-over-year change of +7%.
Revenues are expected to be $1.18 billion, up 2.7% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Amdocs?For Amdocs, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.65%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Amdocs will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Amdocs would post earnings of $1.77 per share when it actually produced earnings of $1.78, delivering a surprise of +0.56%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Amdocs doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Computers - IT Services industry, Leidos (LDOS - Free Report) , is soon expected to post earnings of $2.9 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -9.7%. This quarter's revenue is expected to be $4.36 billion, up 2.6% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Leidos has been revised 0.2% up to the current level. Nevertheless, the company now has an Earnings ESP of +0.55%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Leidos will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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.
Featured Articles Five stocks we like better than Amdocs RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding DOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amdocs Limited (NASDAQ:DOX – Free Report).
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First Trust Advisors LP boosted its position in Amdocs Limited (NASDAQ:DOX – Free Report) by 13.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,077,258 shares of the technology company’s stock after acquiring an additional 131,197 shares during the period. First Trust Advisors LP owned about 1.00% of Amdocs worth $70,302,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of DOX. WealthCollab LLC lifted its stake in shares of Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after purchasing an additional 173 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in shares of Amdocs in the fourth quarter valued at $37,000. Los Angeles Capital Management LLC purchased a new stake in shares of Amdocs in the fourth quarter valued at $39,000. Advisory Services Network LLC acquired a new position in Amdocs in the third quarter valued at $42,000. Finally, CIBC Private Wealth Group LLC increased its stake in Amdocs by 190.2% in the third quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock valued at $49,000 after purchasing an additional 390 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.
Amdocs Stock Performance Shares of NASDAQ:DOX opened at $52.10 on Friday. The business has a 50-day moving average of $55.64 and a two-hundred day moving average of $65.19. The firm has a market capitalization of $5.62 billion, a PE ratio of 10.42, a P/E/G ratio of 0.91 and a beta of 0.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. Amdocs Limited has a 12 month low of $49.74 and a 12 month high of $90.29.
Amdocs (NASDAQ:DOX – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.01. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $1.78 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. As a group, research analysts forecast that Amdocs Limited will post 6.56 earnings per share for the current year.
Amdocs Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, June 30th. Amdocs’s payout ratio is currently 45.60%.
Analysts Set New Price Targets A number of brokerages have issued reports on DOX. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a research note on Sunday, July 5th. Stifel Nicolaus dropped their price objective on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Cfra lowered shares of Amdocs to a “sell” rating in a report on Thursday, May 14th. KeyCorp started coverage on shares of Amdocs in a research report on Monday, June 29th. They issued a “sector weight” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $86.67.
View Our Latest Report on Amdocs
About Amdocs (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.
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On June 30, 2026, Richard Pzena (Trades, Portfolio) executed a significant transaction involving Amdocs Ltd (DOX), a prominent player in the software and servic
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.
A 66-year-old with $1.3 million can’t afford a dividend cut. The hunt for yield often pushes retirees into mega-caps, but I think the real income value sits in mid-caps whose GAAP earnings are masked by non-cash charges or sector stigma. Here’s my dividend safety read on three overlooked names.
Nexstar: Cash Flow Hides Behind a Scary Payout Ratio Nexstar Media Group (NASDAQ:NXST | NXST Price Prediction) yields 4.54% on a $7.44 annual payout. The trailing earnings payout looks ugly because EPS of $4.73 trails the dividend, but that’s a D&A illusion.
Metric Value Read FY2025 FCF $743M Strong FY2025 Dividends Paid $169M Well covered OCF Coverage 5.3x Strong Dividend Streak 13+ years Reliable The catch: post-TEGNA debt nearly doubled to $12.2B. CEO Perry Sook called the deal “a critical step in solidifying our future.” With 2026 EBITDA guided to $1.95B-$2.05B, I rate the dividend Safe.
Amdocs: A 10x P/E Masks Fortress Cash Flow Amdocs (NASDAQ:DOX) trades at a 10x P/E with a 4.4% yield after a brutal 42.69% one-year drawdown. The telecom-software stigma is weighing on sentiment while cash generation remains intact.
Metric Value Read FY2025 FCF $645.1M Strong FCF Payout Ratio 34.8% Healthy Earnings Payout ~42% Healthy Recent Raise $0.527 to $0.569 14th straight New CEO Shimie Hortig said the company is “on track to achieve our fiscal 2026 financial guidance.” With FCF covering the dividend 2.87x, I rate it Very Safe.
Banc of California: A 20% Raise Signals Confidence Banc of California (NYSE:BANC) yields 2.08%, modest on the surface, but the dividend just jumped from $0.10 to $0.12 quarterly, a 20% raise.
Metric Value Read 2025 OCF $255.6M Recovered OCF Coverage 2.46x Adequate Earnings Payout ~32% Conservative Price/Book 1.03x Cheap CEO Jared Wolff said the bank is “well positioned to continue building on this momentum.” I rate this dividend Safe, with the caveat that regional bank cycles bear watching.
My Verdict for a Retiree I’d be comfortable owning all three for income if the goal is sustainable cash yield from misunderstood cash machines. I’d be cautious if leverage at Nexstar rises further or if credit conditions sour for Banc of California. Amdocs is the cleanest of the three.
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."
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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, for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.
Amdocs, Supermicro and 1Finity deploy NVIDIA AI infrastructure on Red Hat Openshift, creating a unified foundation for today's RAN workloads and tomorrow's edge AI, analytics and physical AI applications
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 completion of a live AI-RAN field-validated blueprint in collaboration with 1Finity, a Fujitsu company and leading provider of global network solutions, and Supermicro, a global technology company providing server, storage and networking solutions.
AI-RAN is becoming a strategic priority for communications service providers (CSPs) seeking to improve network efficiency, performance, and operational agility as they prepare for more autonomous network operations. The blueprint demonstrates how AI-assisted optimization can improve network performance and efficiency, optimization, and anomaly detection; while cloud-native operations simplify deployment and upgrades on a unified AI and RAN platform designed to support future edge AI services.
This deployment showcased next-generation Open vRAN architecture running 1Finity Open vRAN software on Supermicro ARM-based 1U servers equipped with NVIDIA GH200 Grace Hopper Superchips deployed on Red Hat Openshift. The end-to-end setup brings together 1Finity radios, a 5G standalone core, and commercial devices in a fully integrated, end-to-end multivendor environment, demonstrating seamless connectivity and reliable performance. Amdocs leverages deep network systems integration expertise to enable cloud-native, AI-driven RAN orchestration and optimization on the next-generation GPU-accelerated infrastructure. The capabilities were then codified as a Network Workflow in Amdocs aOS, agentic operating system, enabling global CSPs to deploy and scale capabilities simply and flexibly.
This work serves as a milestone in the industry's progression towards more autonomous network operations, where intelligence is increasingly embedded into how RAN environments are managed and optimized. Looking ahead, this collaboration sets the stage for the next phase of AI-driven network innovation, physical AI, positioning service providers to support latency-sensitive, context-aware and compute-intensive applications that go beyond traditional connectivity plays.
"1Finity's Open vRAN software and O‑RAN radios, combined with NVIDIA GH200 Grace Hopper Superchip‑based compute, show that cloud‑scale elasticity and carrier‑grade performance can co‑exist, creating a runway for AI‑driven optimization in the RAN," said Patrik Eriksson, Vice President and Head of the Mobile Systems Business Unit at 1Finity.
"Supercharging the network with AI capabilities unlocks significant benefits, from optimizing utilization to enabling edge-based enterprise applications," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "This AI-RAN blueprint is a critical component in service providers' transition from automated operations to autonomous, outcome-driven networks. The AI-powered RAN is also a core element of the aOS agentic network workflows, in which AI agents continuously sense network conditions, reason, and take action."
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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, for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.
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."
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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, for the first quarter of fiscal 2026 on February 17, 2026, and for the second quarter of fiscal 2026 on May 26, 2026.
Amdoc trades at a mid-single digit P/E, reflecting mature telecom IT status and perceived lack of growth. DOX is actively leveraging its strong resources to position for Agentic AI opportunities, a catalyst not yet reflected in its valuation. The shares have already declined 40% over the past year, limiting further downside risk relative to potential AI-driven upside.
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.
Amdocs (NASDAQ:DOX – Get Free Report) and Fujitsu (OTCMKTS:FJTSY – Get Free Report) are both computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, analyst recommendations, institutional ownership, dividends, profitability, valuation and risk.
Earnings & Valuation This table compares Amdocs and Fujitsu”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Amdocs $4.58 billion 1.56 $564.70 million $5.17 12.77 Fujitsu $23.31 billion 1.54 $1.45 billion $0.45 45.47 Fujitsu has higher revenue and earnings than Amdocs. Amdocs is trading at a lower price-to-earnings ratio than Fujitsu, indicating that it is currently the more affordable of the two stocks.
Volatility and Risk Amdocs has a beta of 0.46, indicating that its stock price is 54% less volatile than the S&P 500. Comparatively, Fujitsu has a beta of 0.91, indicating that its stock price is 9% less volatile than the S&P 500.
Analyst Recommendations This is a breakdown of recent recommendations and price targets for Amdocs and Fujitsu, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Amdocs 0 2 3 0 2.60 Fujitsu 0 2 0 0 2.00 Amdocs currently has a consensus price target of $92.33, suggesting a potential upside of 39.81%. Given Amdocs’ stronger consensus rating and higher possible upside, equities research analysts clearly believe Amdocs is more favorable than Fujitsu.
Profitability This table compares Amdocs and Fujitsu’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Amdocs 12.47% 20.19% 11.23% Fujitsu N/A N/A N/A Insider & Institutional Ownership 92.0% of Amdocs shares are held by institutional investors. Comparatively, 0.1% of Fujitsu shares are held by institutional investors. 15.4% of Amdocs shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Dividends Amdocs pays an annual dividend of $2.27 per share and has a dividend yield of 3.4%. Fujitsu pays an annual dividend of $0.12 per share and has a dividend yield of 0.6%. Amdocs pays out 43.9% of its earnings in the form of a dividend. Fujitsu pays out 26.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Amdocs has raised its dividend for 14 consecutive years. Amdocs is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Summary Amdocs beats Fujitsu on 12 of the 17 factors compared between the two stocks.
About Amdocs (Get Free Report)
Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers. It also offers AI-powered, cloud-native, and home operating systems; data intelligence solutions and applications; end-to-end application development and maintenance services; and ongoing maintenance services. In addition, the company provides a line of services designed for various stages of a service provider’s lifecycle includes consulting, delivery, quality engineering, operations, systems integration, network services, experience-driven services, data, cloud, and content services; managed services comprising application development, modernization and maintenance, IT and infrastructure services, testing and professional services that are designed to assist customers in the selection, implementation, operation, management, and maintenance of IT systems. It serves to the communications, entertainment, and media industry service providers, as well as mobile virtual network operators. Amdocs Limited was founded in 1988 and is headquartered in Saint Louis, Missouri.
About Fujitsu (Get Free Report)
Fujitsu Limited operates as an information and communication technology company in Japan and internationally. The company operates through three segments: Technology Solutions, Ubiquitous Solutions, and Device Solutions. The company offers multi cloud and hybrid IT services; assessment and consultative services; SAP landscape transformation services; new workplace; datacentre products comprising integrated systems, storage solutions, servers, network switches, and infrastructure management; workplace products including notebooks, tablet PC’s, desktop PC’s, workstations, thin clients, displays, and peripheral devices; consumption based IT services; installation and implementation services; and hardware, software, and infrastructure support services, as well as electronic devices, air conditioning products, and network solutions. It also provides cyber security solutions, including cyber security consulting, managed security servies, and security operation and advanced threat centers; internet of things, artificial intelligence platform and solutions; and software products comprising FUJITSU Software Infrastructure Manager and FUJITSU Software ServerView Suite. Further, the company offers electronic components, such as semiconductor packages and batteries. It serves automotive, manufacturing, retail, financial services, transport, telecommunications, healthcare, and energy and utilities industries; the public sectors; and services providers. The company was founded in 1923 and is headquartered in Tokyo, Japan.
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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.
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Amdocs (DOX - Free Report) . DOX is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 11.05 right now. For comparison, its industry sports an average P/E of 17.62. 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 will also notice that DOX has a PEG ratio of 1.25. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DOX's industry currently sports an average PEG of 2.28. Over the last 12 months, DOX's PEG has been as high as 1.38 and as low as 1.13, with a median of 1.26.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Amdocs is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, DOX feels like a great value stock at the moment.
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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
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 The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build 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.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
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.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
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.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 9; value investors should take notice.
For fiscal 2026, one analyst revised their earnings estimate upwards in the last 60 days, and 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 Value and VGM Style Scores, DOX should be on investors' short list.
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.
