Amdocs ( (DOX) ) has provided an announcement.
On February 4, 2025, Amdocs announced its financial results for Q1 fiscal 2025, reporting revenue of $1.11 billion, which, although down 10.9% year-over-year in reported terms, showed a 1.7% increase in pro forma constant currency. The company saw significant profitability improvement by phasing out low-margin activities and focusing on operational efficiencies. Amdocs’ 12-month backlog increased by $80 million sequentially, and the company reiterated its fiscal 2025 revenue growth outlook of 1%-4.5% year-over-year in pro forma constant currency, along with double-digit total shareholder returns. The managed services revenue, which constitutes 66% of total revenue, showed a material improvement, underscoring the company’s strong market positioning.
More about Amdocs
Amdocs Limited is a leading provider of software and services to communications and media companies. The company focuses on delivering innovative solutions in cloud, digital, and AI-based technologies to enhance revenue, efficiency, and customer experience for service providers globally.
YTD Price Performance: 3.21%
Average Trading Volume: 689,720
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.86B
For an in-depth examination of DOX stock, go to TipRanks’ Stock Analysis page.