Financial Highlights - Record revenue of $1.22 billion, up 8.2% year-over-year on a constant currency basis[9, 27] - Non-GAAP operating margin of 17.8%, a 20 basis points increase year-over-year[9, 107] - Non-GAAP EPS of $1.47, in line with guidance midpoint[9, 107] - Reiterating FY23 free cash flow generation of $700 million and approximately 100% conversion rate[106] Strategic Achievements - Entered into an agreement to acquire the service assurance business of TEOCO for approximately $90 million[6, 13] - Launched CES23, an advanced suite bringing innovation across BSS, OSS, and network automation[23, 28] - Four new customer logo wins[6] Business Performance - 12-month backlog reached a record $4.11 billion, up approximately 7% year-over-year on a constant currency basis[9, 125] - Managed services revenue increased by approximately 8.4% year-over-year[128] - Strong deal activity in Europe, increasing market share[12] Financial Outlook - Tightening FY2023 revenue growth outlook to approximately 7%-9% year-over-year on a constant currency basis[88, 133] - Reiterating FY2023 non-GAAP EPS growth outlook of approximately 9%-13% year-over-year[133, 149]

[Executive Summary & Q2 Fiscal 2023 Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Q2%20Fiscal%202023%20Highlights) The company reported record Q2 FY23 revenue, advanced strategic initiatives, and delivered strong financial metrics [Q2 Fiscal 2023 Performance Overview](index=1&type=section&id=Q2%20Fiscal%202023%20Performance%20Overview) Amdocs achieved record quarterly revenue of $1.22 billion, an 8.2% YoY constant currency increase driven by strong regional performance Q2 FY23 Performance | Metric | Q2 FY23 Actual | YoY Change (as reported) | YoY Change (constant currency) | | :--- | :--- | :--- | :--- | | Total Revenue | $1,223 million | 6.8% | 8.2% | | North America Revenue | $829 million | 7.4% | | | Europe Revenue | $172 million | 16.6% | | | Managed Services Revenue | $719 million | | | - Managed services revenue reached a record **$719 million**, accounting for approximately **59% of total revenue**[1](index=1&type=chunk) [Strategic Developments](index=2&type=section&id=Strategic%20Developments) The company advanced its strategy through new client deals, an expanded Microsoft partnership, and a key acquisition - Secured new deals including key awards with T-Mobile in the US, two new logos in Eastern Europe, and a significant cloud-migration engagement with PLDT in the Philippines[3](index=3&type=chunk) - Expanded Microsoft partnership to introduce a new **AI-powered Customer Engagement Platform**[3](index=3&type=chunk) - Launched **CES23**, the most advanced Customer Experience Suite, to sharpen focus on B2B growth potential[3](index=3&type=chunk) - Signed a definitive agreement on May 10, 2023, to acquire TEOCO's service assurance business for approximately **$90 million in cash**, enhancing network automation strategy[3](index=3&type=chunk)[4](index=4&type=chunk) [Key Financial Metrics](index=1&type=section&id=Key%20Financial%20Metrics) The company reported strong EPS within guidance, robust free cash flow, and a record twelve-month backlog Earnings Per Share | Metric | Q2 FY23 Actual | Guidance Range | | :--- | :--- | :--- | | GAAP Diluted EPS | $1.23 | $1.18-$1.26 | | Non-GAAP Diluted EPS | $1.47 | $1.44-$1.50 | | GAAP Operating Margin | 14.9% | | | Non-GAAP Operating Margin | 17.8% | | Cash Flow and Backlog | Metric | Q2 FY23 Actual | YoY Change | | :--- | :--- | :--- | | Free Cash Flow | $259 million | | | Twelve-Month Backlog | $4.11 billion | 5.7% | | Share Repurchases | $106 million | | - GAAP operating margin increased by **220 basis points sequentially** and **60 basis points YoY**, primarily due to restructuring charges[1](index=1&type=chunk) [Management Commentary](index=2&type=section&id=Management%20Commentary) Management highlighted strong quarterly performance, strategic progress, and a positive outlook for key technology cycles [CEO Statement](index=2&type=section&id=CEO%20Statement) The CEO highlighted record revenue driven by strong regional growth, cloud-related wins, and strategic progress in 5G, AI, and B2B - Record revenue of **$1.22 billion**, up **8.2% in constant currency**, driven by best-ever quarters in North America and Europe[3](index=3&type=chunk) - Continued sales momentum with multiple cloud-related wins and new deals, including T-Mobile, two new Eastern European logos, and a cloud-migration engagement with PLDT[3](index=3&type=chunk) - Expanded Microsoft partnership for an **AI-powered Customer Engagement Platform** and launched **CES23** to focus on B2B growth[3](index=3&type=chunk) - Signed a definitive agreement to acquire TEOCO's service assurance business to enhance network automation strategy[3](index=3&type=chunk) [CFO Statement](index=3&type=section&id=CFO%20Statement) The CFO noted strong execution with high project deployment rates, improved profitability, and robust free cash flow - Maintained a high rate of project deployments in Q2, achieving major milestones with large service providers[5](index=5&type=chunk) - Profitability improved sequentially and year-over-year, driven by **ongoing efficiency gains**[5](index=5&type=chunk) - Very strong free cash flow generation, supported by healthy cash collections from customers[5](index=5&type=chunk) - Renewed several managed services agreements, including an extended multiyear partnership with Globe in the Philippines and an expanded cloud-related engagement with a major Western European operator[5](index=5&type=chunk) [Strategic Outlook](index=3&type=section&id=Strategic%20Outlook) Amdocs is well-positioned at the core of a multi-year technology investment cycle and reiterates its FY23 revenue growth outlook - Amdocs is positioned at the heart of a multi-year, technology-driven investment cycle centered around **5G, network automation, digital modernization, and cloud**[6](index=6&type=chunk) - Amdocs' role as a trusted partner is crucial in helping service providers improve consumer and B2B experience, accelerate cost reduction, and increase efficiency amidst shifting market dynamics[6](index=6&type=chunk) - Reiterates fiscal 2023 constant currency revenue growth within a tighter range of **7% to 9%**, while maintaining improved profitability and robust earnings to cash conversion[6](index=6&type=chunk) [Q2 Fiscal 2023 Financial Results](index=3&type=section&id=Q2%20Fiscal%202023%20Financial%20Results) The company details its Q2 FY23 revenue performance, net income, and earnings per share against guidance and prior periods [Revenue Performance](index=3&type=section&id=Revenue%20Performance) Q2 FY23 revenue of $1,223 million surpassed the midpoint of guidance, with 8.2% YoY growth in constant currency Q2 FY23 Revenue | Metric | Three months ended March 31, 2023 (Actual) | Guidance Range | | :--- | :--- | :--- | | Revenue | $1,223 million | $1,200 - $1,240 million | | Revenue Growth (as reported) | 6.8% | | | Revenue Growth (constant currency) | 8.2% | | - Revenue for Q2 FY23 was at the midpoint of Amdocs' guidance, even after adjusting for a positive foreign currency impact of approximately **$3 million** compared to guidance assumptions[10](index=10&type=chunk) - Q2 FY23 revenue included a positive impact from foreign currency movements of approximately **$7 million** relative to Q1 FY23[10](index=10&type=chunk) [Net Income and Earnings Per Share](index=4&type=section&id=Net%20Income%20and%20Earnings%20Per%20Share) GAAP diluted EPS was $1.23 and Non-GAAP diluted EPS was $1.47 for Q2 FY23 Q2 FY23 Net Income and EPS | Metric | Three months ended March 31, 2023 | Three months ended March 31, 2022 | | :--- | :--- | :--- | | GAAP Net Income attributable to Amdocs Limited | $149,603 thousand | $158,497 thousand | | GAAP Diluted EPS | $1.23 | $1.28 | | Non-GAAP Net Income attributable to Amdocs Limited | $178,592 thousand | $190,944 thousand | | Non-GAAP Diluted EPS | $1.47 | $1.54 | - Non-GAAP net income excludes amortization of purchased intangible assets, acquisition-related costs, changes in acquisition liabilities, equity-based compensation, and other, net of related tax effects[8](index=8&type=chunk) [Capital Allocation & Backlog](index=4&type=section&id=Capital%20Allocation%20%26%20Backlog) The company details its shareholder return activities and reports a record twelve-month backlog [Shareholder Returns](index=4&type=section&id=Shareholder%20Returns) Amdocs continued its commitment to shareholder returns via quarterly dividends and share repurchases totaling $106 million - The Board approved a quarterly cash dividend payment of **$0.435 per share**, payable on July 28, 2023, to shareholders of record on June 30, 2023[11](index=11&type=chunk) - Repurchased **$106 million** of ordinary shares during the second fiscal quarter of 2023[11](index=11&type=chunk) [Twelve-Month Backlog](index=5&type=section&id=Twelve-Month%20Backlog) The twelve-month backlog reached a record $4.11 billion at the end of Q2 FY23, a 5.7% year-over-year increase Backlog | Metric | As of March 31, 2023 | YoY Change | | :--- | :--- | :--- | | Twelve-Month Backlog | $4.11 billion | 5.7% | - The backlog comprises anticipated revenue from contracts, estimated revenue from managed services contracts, letters of intent, maintenance, and estimated ongoing support activities[12](index=12&type=chunk) [Financial Outlook](index=5&type=section&id=Financial%20Outlook) Amdocs provides its financial guidance for the third quarter and reiterates its outlook for the full fiscal year 2023 [Third Quarter Fiscal 2023 Outlook](index=5&type=section&id=Third%20Quarter%20Fiscal%202023%20Outlook) For Q3 FY23, Amdocs projects revenue between $1,215 million and $1,255 million and Non-GAAP diluted EPS between $1.45 and $1.51 Q3 2023 Guidance | Metric | Q3 2023 Guidance Range | | :--- | :--- | | Revenue | $1,215-$1,255 million | | GAAP Diluted EPS | $1.16-$1.26 | | Non-GAAP Diluted EPS | $1.45-$1.51 | - Third quarter revenue guidance assumes immaterial sequential impact from foreign currency fluctuations compared to Q2 FY23[15](index=15&type=chunk) - Non-GAAP diluted EPS guidance excludes equity-based compensation expense of approximately **$0.15-$0.17 per share** and amortization of purchased intangible assets and other acquisition-related costs of approximately **$0.08 per share**[15](index=15&type=chunk) [Full Year Fiscal 2023 Outlook](index=5&type=section&id=Full%20Year%20Fiscal%202023%20Outlook) Amdocs reiterated its full-year FY23 outlook, tightening revenue growth to 7.0%-9.0% in constant currency and maintaining its free cash flow target FY 2023 Guidance | Metric | FY 2023 Current Guidance | FY 2023 Previous Guidance | | :--- | :--- | :--- | | Revenue growth (as reported) | 6.0%-8.0% | 5.0%-9.0% | | Revenue growth (constant currency) | 7.0%-9.0% | 6.0%-10.0% | | GAAP diluted EPS growth | 3.0%-10.0% | 3.0%-10.0% | | Non-GAAP diluted EPS growth | 9.0%-13.0% | 9.0%-13.0% | | Free Cash Flow | ~$700 million | ~$700 million | - Full year fiscal 2023 revenue guidance incorporates an expected unfavorable impact from foreign currency fluctuations of approximately **1% year-over-year**, consistent with previous expectations[18](index=18&type=chunk) - Non-GAAP diluted EPS growth excludes various items including equity-based compensation expense of approximately **$0.58-$0.63 per share** and restructuring charges of approximately **$0.15 per share**[18](index=18&type=chunk) - Non-GAAP effective tax rate is anticipated to be within a range of **13.0% to 17.0%** for the full year fiscal 2023[18](index=18&type=chunk) [Non-GAAP Financial Measures](index=7&type=section&id=Non-GAAP%20Financial%20Measures) This section defines the non-GAAP financial measures used by Amdocs and explains management's rationale for their use [Definition and Exclusions](index=7&type=section&id=Definition%20and%20Exclusions) Non-GAAP measures exclude items like amortization, acquisition costs, restructuring charges, and equity-based compensation to provide additional performance insights - Non-GAAP measures exclude 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 these items[21](index=21&type=chunk)[23](index=23&type=chunk) - Free cash flow is defined as cash generated by operating activities less net capital expenditures and other[22](index=22&type=chunk) - Normalized free cash flow, no longer applicable since Q1 2023, previously adjusted for capital expenditures related to new campus development, payments for non-recurring charges, and acquisition-related liabilities[22](index=22&type=chunk)[38](index=38&type=chunk) [Management's Rationale](index=7&type=section&id=Management's%20Rationale) Management believes non-GAAP measures offer useful information regarding financial trends and are used for internal budgeting and monitoring - Non-GAAP measures provide useful information to investors and management regarding financial and business trends, as well as the net cash generated after capital spending[24](index=24&type=chunk) - Amdocs' management uses non-GAAP financial statements for internal budgeting and monitoring, excluding items like amortization of purchased intangibles, acquisition-related liabilities, restructuring charges, and equity-based compensation[25](index=25&type=chunk) - Significant groups of investors exclude these items when reviewing results, as their amounts can vary greatly depending on company-specific assumptions[25](index=25&type=chunk) [Consolidated Financial Statements](index=11&type=section&id=Consolidated%20Financial%20Statements) This section presents the company's consolidated statements of income, balance sheets, and cash flows for the reporting period [Consolidated Statements of Income](index=11&type=section&id=Consolidated%20Statements%20of%20Income) The income statement details revenues, expenses, and net income for the three and six months ended March 31, 2023 Statements of Income (in thousands, except per share data) | Metric | Three months ended March 31, 2023 | Three months ended March 31, 2022 | Six months ended March 31, 2023 | Six months ended March 31, 2022 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $1,223,304 | $1,145,271 | $2,409,024 | $2,249,903 | | Operating income | $182,277 | $163,651 | $332,351 | $323,797 | | Net income attributable to Amdocs Limited | $149,603 | $158,497 | $279,270 | $292,099 | | Diluted earnings per share | $1.23 | $1.28 | $2.30 | $2.34 | | Cash dividends declared per ordinary share | $0.435 | $0.395 | $0.830 | $0.755 | [Selected Financial Metrics (Non-GAAP)](index=12&type=section&id=Selected%20Financial%20Metrics%20(Non-GAAP)) This section presents key non-GAAP metrics, showing non-GAAP diluted EPS of $1.47 for Q2 FY23 and $2.92 for the six-month period Non-GAAP Metrics (in thousands, except per share data) | Metric | Three months ended March 31, 2023 | Three months ended March 31, 2022 | Six months ended March 31, 2023 | Six months ended March 31, 2022 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $1,223,304 | $1,145,271 | $2,409,024 | $2,249,903 | | Non-GAAP operating income | $217,737 | $201,625 | $427,275 | $395,232 | | Non-GAAP net income attributable to Amdocs Limited | $178,592 | $190,944 | $354,929 | $341,079 | | Non-GAAP diluted earnings per share | $1.47 | $1.54 | $2.92 | $2.74 | [Free Cash Flows](index=12&type=section&id=Free%20Cash%20Flows) Amdocs reported strong free cash flow of $259.4 million for the quarter and $308.9 million for the six months ended March 31, 2023 Free Cash Flow (in thousands) | Metric | Three months ended March 31, 2023 | Three months ended March 31, 2022 | Six months ended March 31, 2023 | Six months ended March 31, 2022 | | :--- | :--- | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $294,476 | $168,856 | $377,702 | $372,974 | | Purchases of property and equipment, net | $(35,119) | $(47,271) | $(68,822) | $(104,496) | | Free Cash Flow | $259,357 | $121,585 | $308,880 | $268,478 | - **Normalized Free Cash Flow** is no longer applicable since Q1 2023[38](index=38&type=chunk) [Condensed Consolidated Balance Sheets](index=15&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet shows total assets increased to $6.46 billion as of March 31, 2023 Balance Sheet Highlights (in thousands) | Metric | As of March 31, 2023 | As of September 30, 2022 | | :--- | :--- | :--- | | Total current assets | $2,104,936 | $2,003,147 | | Total assets | $6,464,170 | $6,390,393 | | Total current liabilities | $1,324,897 | $1,252,680 | | Total Amdocs Limited Shareholders' equity | $3,586,141 | $3,517,769 | | Total liabilities and equity | $6,464,170 | $6,390,393 | - Cash and cash equivalents increased to **$623.4 million** as of March 31, 2023, from $573.4 million as of September 30, 2022[44](index=44&type=chunk) [Consolidated Statements of Cash Flows](index=16&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) The cash flow statement details cash movements from operating, investing, and financing activities for the six-month period Cash Flow Highlights (in thousands) | Metric | Six months ended March 31, 2023 | Six months ended March 31, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $377,702 | $372,974 | | Net cash used in investing activities | $(61,055) | $(143,084) | | Net cash used in financing activities | $(266,620) | $(345,898) | | Net increase (decrease) in cash and cash equivalents | $50,027 | $(116,008) | | Cash and cash equivalents at end of period | $623,404 | $593,056 | - Repurchase of shares amounted to **$205.6 million** for the six months ended March 31, 2023[46](index=46&type=chunk) [Reconciliation of GAAP to Non-GAAP Measures](index=13&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) This section provides a detailed reconciliation of GAAP to Non-GAAP financial metrics for the reported periods [Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP](index=13&type=section&id=Reconciliation%20of%20Selected%20Financial%20Metrics%20from%20GAAP%20to%20Non-GAAP) Adjustments for items like amortization and equity-based compensation bridge the gap between GAAP and non-GAAP operating income and net income **Three Months Ended March 31, 2023 (Operating Income Reconciliation):** | Metric | GAAP | Amortization of purchased intangible assets and other | Equity based compensation expense | Changes in certain acquisitions related liabilities measured at fair value | Tax effect | Non-GAAP | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Operating income | $182,277 | $12,940 | $21,361 | $1,159 | $0 | $217,737 | **Six Months Ended March 31, 2023 (Operating Income Reconciliation):** | Metric | GAAP | Amortization of purchased intangible assets and other | Equity based compensation expense | Changes in certain acquisitions related liabilities measured at fair value | Restructuring charges | Tax effect | Non-GAAP | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Operating income | $332,351 | $28,253 | $40,851 | $1,284 | $24,536 | $0 | $427,275 | - The reconciliation details the specific impact of adjustments on various line items in the Consolidated Statements of Income, including cost of revenue, research and development, selling, general and administrative, and income taxes[26](index=26&type=chunk)[40](index=40&type=chunk)[42](index=42&type=chunk) [Supplementary Information](index=17&type=section&id=Supplementary%20Information) This section provides supplementary data including revenue by geography and trends in managed services and backlog [Revenue by Geography](index=17&type=section&id=Revenue%20by%20Geography) North America and Europe continue to be key growth regions, with revenues of $829.0 million and $171.7 million respectively in Q2 FY23 Revenue by Geography (in millions) | Region | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | | :--- | :--- | :--- | :--- | :--- | :--- | | North America | $829.0 | $812.7 | $794.4 | $788.0 | $772.2 | | Europe | $171.7 | $168.7 | $146.4 | $146.1 | $147.2 | | Rest of the World | $222.6 | $204.3 | $225.7 | $226.2 | $225.9 | | Total Revenue | $1,223.3 | $1,185.7 | $1,166.5 | $1,160.3 | $1,145.3 | [Managed Services Revenue](index=17&type=section&id=Managed%20Services%20Revenue) Managed Services revenue continued its growth trajectory, reaching $718.9 million in Q2 FY23 Managed Services Revenue (in millions) | Metric | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | | :--- | :--- | :--- | :--- | :--- | :--- | | Managed Services Revenue | $718.9 | $699.8 | $714.6 | $717.9 | $663.4 | [12-Month Backlog Trend](index=17&type=section&id=12-Month%20Backlog%20Trend) The 12-month backlog shows a consistent upward trend, reaching a record $4,110 million as of March 31, 2023 12-Month Backlog (in millions) | Metric | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | | :--- | :--- | :--- | :--- | :--- | :--- | | 12-Month Backlog | $4,110 | $4,090 | $3,970 | $3,950 | $3,890 | [Additional Information](index=7&type=section&id=Additional%20Information) This section includes company information, conference call details, forward-looking statements, and contact information [About Amdocs](index=9&type=section&id=About%20Amdocs) Amdocs is a leading provider of software and services to communications and media companies, with $4.58 billion in revenue in fiscal 2022 - Amdocs provides market-leading software products and services to communications and media companies[27](index=27&type=chunk) - The company has **31,000 employees** globally and focuses on accelerating service providers' migration to the cloud, enabling 5G differentiation, and digitalizing and automating operations[27](index=27&type=chunk) - Amdocs had revenue of **$4.58 billion** in fiscal 2022[27](index=27&type=chunk) [Conference Call and Earnings Webcast Presentation Details](index=7&type=section&id=Conference%20Call%20and%20Earnings%20Webcast%20Presentation%20Details) Amdocs hosted a conference call on May 10, 2023, to discuss its Q2 FY23 results - A conference call and earnings webcast presentation was held on **May 10, 2023**, at 5:00 p.m. Eastern Time[19](index=19&type=chunk) - Participants could register to receive dial-in numbers and a unique access PIN, or access the live webcast via the Amdocs website[20](index=20&type=chunk) [Forward-Looking Statements](index=10&type=section&id=Forward-Looking%20Statements) This release contains forward-looking statements that involve risks and uncertainties related to macroeconomic conditions, competition, and other factors - Forward-looking statements are subject to risks and uncertainties, including general macro-economic conditions, geopolitical events, inflationary environment, and their effects on clients' businesses[30](index=30&type=chunk) - Other risks include Amdocs' ability to grow in its markets, integrate acquired businesses, adverse effects of market competition, rapid technological shifts, potential loss of major customers, and risks associated with international operations[30](index=30&type=chunk) - Amdocs disclaims any obligation to update these forward-looking statements, which are discussed in greater length in its SEC filings[30](index=30&type=chunk) [Contact Information](index=10&type=section&id=Contact%20Information) Contact information for Amdocs' Head of Investor Relations is provided for inquiries - Contact: Matthew Smith, Head of Investor Relations, Amdocs. Phone: 314-212-8328, Email: dox_info@amdocs.com[31](index=31&type=chunk)

Amdocs Limited (NASDAQ:DOX) Q1 2023 Earnings Conference Call January 31, 2023 5:00 PM ET Company Participants Matthew Smith - Head, Investor Relations Shuky Sheffer - President & Chief Executive Officer Tamar Rapaport-Dagim - Chief Financial Officer & Chief Operating Officer Conference Call Participants Ashwin Shirvaikar - Citi Timothy Horan - Oppenheimer Will Power - Baird Operator Thank you for standing by and welcome to Amdocs First Quarter 2023 Earnings Call. At this time, all participants are in a list ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended December 31, 2022 Commission File Number 1-14840 AMDOCS LIMITED Hirzel House, Smith Street, St. Peter Port, Island of Guernsey, GY1 2NG Amdocs, Inc. 625 Maryville Centre Drive, Suite 200 Saint Louis, Missouri 63141 (Address of principal executive offices) FORM 20-F ☒ FORM 40-F ☐ Indic ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR ☐ SHELL COMPANY REPORT PURSUANT TO S ...

Financial Data and Key Metrics Changes - Amdocs reported record revenue of approximately $4.57 billion for fiscal 2022, an increase of 10.3% on a pro forma constant currency basis, consistent with the high end of the initial growth outlook of 6% to 10% [8][37] - The company achieved record non-GAAP diluted earnings per share of $5.30, up 12.1% on a pro forma basis [9][39] - The normalized free cash flow for fiscal 2022 was $665 million, exceeding the target of $650 million, with over 100% returned to shareholders via share repurchases and dividends [9][44] Business Line Data and Key Metrics Changes - Managed services revenue for Q4 was $715 million, up 12.1% year-over-year, accounting for about 61% of total revenue [41] - The 12-month backlog reached a record high of $3.97 billion, up 7.6% from a year ago, indicating strong sales momentum [40] Market Data and Key Metrics Changes - North America saw significant revenue growth driven by 5G and cloud transformation projects, with major customers including AT&T and T-Mobile [11] - Europe and the rest of the world also showed growth, with strategic awards from longstanding customers and new logos [12][38] Company Strategy and Development Direction - Amdocs' growth strategy focuses on enabling customers to drive growth, improve cost efficiency, and provide exceptional consumer experiences through innovation in cloud platforms, digital transformation, and 5G monetization [18] - The company is committed to M&A as a growth strategy, with recent acquisitions aimed at enhancing cloud consulting expertise and digital experience capabilities [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilient business model, which supports recurring revenue streams and strong visibility from multi-year engagements [27] - The outlook for fiscal 2023 anticipates revenue growth of 6% to 10% on a constant currency basis, supported by a record backlog and a strong pipeline of opportunities [29][52] Other Important Information - Amdocs plans to increase its quarterly cash dividend by 10% to $0.435 per share, subject to shareholder approval [49] - The company expects free cash flow of approximately $700 million for fiscal 2023, maintaining a conversion rate of around 100% relative to non-GAAP net income [49][88] Q&A Session Summary Question: Changes in project nature due to macroeconomic conditions - Management noted that while there is a focus on cost savings and managed services, they have not observed significant changes in customer behavior yet, with inflation and currency volatility being the immediate impacts [63] Question: Benefits from the new campus - The new campus is expected to provide direct savings in expenses and indirect benefits in productivity and team engagement, with full economic benefits anticipated in 2024 [66] Question: Fiscal 2023 outlook and guidance range - The guidance range of 6% to 10% for fiscal 2023 reflects a balance of good visibility from backlog and potential fluctuations in project activity and demand environment [69] Question: Backlog changes and currency impact - Currency fluctuations have impacted the backlog, with a 2% headwind expected year-over-year, but no significant slowdown in customer ordering patterns was noted [72] Question: Revenue guidance below consensus - The guidance reflects a $90 million headwind from foreign currencies, affecting revenue expectations for the upcoming quarters [78] Question: Cash conversion rate plans - Amdocs targets a 100% earnings to cash conversion rate for 2023, aiming for approximately $700 million in free cash flow [89]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended June 30, 2022 Commission File Number 1-14840 AMDOCS LIMITED Hirzel House, Smith Street, St. Peter Port, Island of Guernsey, GY1 2NG Amdocs, Inc. 625 Maryville Centre Drive, Suite 200 Saint Louis, Missouri 63141 (Address of principal executive offices) Indicate by check mark whether th ...

Amdocs Limited (NASDAQ:DOX) Q3 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Matt Smith - Head, Investor Relations Shuky Sheffer - President & Chief Executive Officer Tamar Rapaport-Dagim - Chief Financial & Chief Operating Officer Conference Call Participants Tim Horan - Oppenheimer Tal Liani - Bank of America Operator Ladies and gentlemen, thank you for standing by and welcome to the Q3 2022 Amdocs Earnings Conference Call. At this time, all participants are in a listen-only ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended March 31, 2022 Commission File Number 1-14840 AMDOCS LIMITED Hirzel House, Smith Street, St. Peter Port, Island of Guernsey, GY1 2NG Amdocs, Inc. 625 Maryville Centre Drive, Suite 200 Saint Louis, Missouri 63141 (Address of principal executive offices) Indicate by check mark whether t ...

Financial Data and Key Metrics Changes - Record revenue of $1.15 billion for Q2 2022, marking a 10.1% year-over-year increase, driven by strong performance in North America and sequential growth in Europe and the rest of the world [31] - Non-GAAP earnings per share (EPS) of $1.54, exceeding the high end of guidance, primarily due to a lower-than-anticipated non-GAAP effective tax rate of 1.6% [33][34] - Record 12-month backlog of $3.89 billion, up 10% from a year ago, indicating robust sales momentum [15][35] Business Line Data and Key Metrics Changes - Managed services revenue grew 5% year-over-year, accounting for approximately 58% of total revenue, highlighting the resilience of the business model [37] - Significant extensions of managed services agreements with Bell Canada and PLDT, indicating strong customer relationships and ongoing cloud transformation projects [37][38] Market Data and Key Metrics Changes - Strong business activity in North America, particularly with major customers like AT&T and T-Mobile, supporting their strategic investments in 5G and cloud services [9][10] - Continued expansion in Europe, with expectations of acceleration in the second half of the year despite currency impacts [57] Company Strategy and Development Direction - Amdocs is focused on a four-pillar growth strategy encompassing cloud, 5G, digital, and network automation, with significant investments in R&D to enhance product offerings [18][26] - The company aims for annual revenue growth of 6% to 10% on a constant currency basis over the next three fiscal years, indicating a commitment to long-term growth [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong sales momentum and expanding pipeline of opportunities, with a focus on leveraging innovative technology and execution capabilities [26][28] - The company is tracking at the high end of its revenue growth guidance for fiscal year 2022, with expectations for continued strong performance in the upcoming quarters [45][46] Other Important Information - Amdocs has minimal exposure to Russia and Ukraine, with only about 1% of revenue affected, and has taken steps to comply with sanctions while providing humanitarian aid [16][17] - The company returned over 100% of normalized free cash flow to shareholders in Q2 2022, demonstrating a commitment to shareholder value [43] Q&A Session Summary Question: Future growth rate assumptions based on backlog trends - Management indicated that the strong backlog growth suggests potential for continued growth into fiscal 2023, although specific guidance for 2023 was not provided [54][56] Question: Impact of Bell Canada renewal on revenue or margin - Management clarified that the new agreement with Bell Canada is comprehensive and does not imply any pressure on revenue or margins [55] Question: Clarification on Q4 revenue guidance - Management confirmed that there should not be a sequential decline in Q4 revenue, emphasizing confidence in the outlook provided [60][61] Question: R&D investments focus - Management highlighted that R&D investments are aimed at enhancing products to support new use cases in both consumer and B2B sectors, ensuring readiness for market demands [61]