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Amdocs(DOX) - 2023 Q1 - Quarterly Report
2023-01-31 23:32
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 ...
Amdocs(DOX) - 2023 Q1 - Earnings Call Transcript
2023-01-31 23:46
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 ...
Amdocs(DOX) - 2022 Q4 - Annual Report
2022-12-13 21:17
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 ...
Amdocs(DOX) - 2022 Q4 - Earnings Call Transcript
2022-11-09 08:27
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]
Amdocs(DOX) - 2022 Q3 - Quarterly Report
2022-08-14 16:00
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(DOX) - 2022 Q3 - Earnings Call Transcript
2022-08-04 02:33
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 ...
Amdocs(DOX) - 2022 Q2 - Quarterly Report
2022-05-23 16:00
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 ...
Amdocs(DOX) - 2022 Q2 - Earnings Call Transcript
2022-05-12 03:11
Amdocs Limited (NASDAQ:DOX) Q2 2022 Earnings Conference Call May 11, 2022 4:30 PM ET Company Participants Matthew Smith - Head of IR Shuky Sheffer - President and CEO Tamar Rapaport-Dagim - CFO and COO Conference Call Participants Ashwin Shirvaikar - Citi Charlie Erlikh - Baird Operator Good day, and thank you for standing by. Welcome to the Q2 2022 Amdocs Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions] I would now like t ...
Amdocs(DOX) - 2022 Q1 - Quarterly Report
2022-02-13 16:00
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, 2021 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 whethe ...
Amdocs(DOX) - 2022 Q1 - Earnings Call Transcript
2022-02-02 04:36
Financial Data and Key Metrics Changes - The company reported record revenue of $1.1 billion for Q1 2022, representing a 10.6% increase on a pro forma constant currency basis [12][22] - Non-GAAP earnings per share (EPS) was $1.20, at the higher end of the guidance range [13][23] - The 12-month backlog reached a record $3.83 billion, up 9.7% year-over-year and $140 million sequentially [12][24] Business Line Data and Key Metrics Changes - Managed services revenue grew approximately 6% year-over-year, accounting for about 60% of total revenue [24] - The company achieved a record number of deployment milestones in Q1, indicating strong sales momentum across various business lines [8] Market Data and Key Metrics Changes - North America experienced the best-ever quarter, driving significant revenue growth [12] - The company expanded its footprint in Europe and Africa, securing new customers such as PPF Group and Vodacom [8][15] Company Strategy and Development Direction - The company focuses on digital modernization, 5G monetization, and cloud services as key growth areas [8][18] - A strategic acquisition of DevOps Group was announced to enhance cloud capabilities and professional services [9] - The company aims for continuous revenue growth in fiscal years 2023 and 2024, projecting annual growth of 6% to 10% [18][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning to capitalize on mega trends like 5G and cloud investments [35][36] - The backlog and sales momentum indicate a strong pipeline of opportunities, supporting the growth outlook [45][46] Other Important Information - The company was recognized for its commitment to sustainability and diversity, being included in the S&P Dow Jones Sustainability Index for North America [11] - A strong cash balance of approximately $869 million was reported, with a commitment to maintaining an investment-grade credit rating [25] Q&A Session Summary Question: What drives the company's growth? - Management highlighted alignment between products and market needs, with strong sales momentum across all regions and a growing funnel of opportunities [35][36] Question: Is the business impacted by supply constraints in the hardware market? - Management confirmed that the company operates in the cloud and has not faced headwinds related to supply chain issues [38] Question: What accounts for the difference in reported revenue growth versus constant currency growth? - The primary reason was the divestiture of open markets, which impacted year-over-year comparisons [40] Question: How is the backlog trending? - Management indicated that fluctuations in backlog are normal, with strong visibility from recent awards driving confidence [45] Question: What is the company's position regarding 5G use cases? - The company is involved in various fixed wireless initiatives and supports customers in monetizing their 5G investments [47] Question: How has the Verizon account progressed? - Management reported positive progress with Verizon, indicating that it is included in the three-year revenue guidance [58] Question: What is the outlook for operating margins? - Management sees the current margin range as applicable but emphasizes the need for flexibility based on investment decisions [59][60]