Revenue Growth and Record Quarter in Europe
Revenue of $1.14 billion was up 3.5% year-over-year in pro forma constant currency, with sequential growth in all regions and a record quarter in Europe.
Cloud and Generative AI Commercial Progress
Amdocs experienced continued sales momentum in cloud services, winning key deals in Europe and Brazil. Additionally, commercial success in generative AI was achieved through partnerships with NVIDIA and Microsoft, and strategic deals with U.S. and UAE service providers.
Managed Services Record
Managed Services revenue was a record $771 million, up 4.1% from a year ago, accounting for roughly two-thirds of total revenue.
Strong Free Cash Flow and Shareholder Returns
Free cash flow before restructuring payments was $230 million in Q3, and the company is on track to return the majority of its free cash flow to shareholders in fiscal 2025.