Wall Street analysts forecast that Amdocs (DOX) will report quarterly earnings of $1.70 per share in its upcoming release, pointing to a year-over-year increase of 19.7%. It is anticipated that revenues will amount to $1.27 billion, exhibiting an increase of 1.9% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projection ...

A month has gone by since the last earnings report for Amdocs (DOX) . Shares have added about 2.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Amdocs due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Amdocs Q3 Earnings Surpass Estimates, Revenues Miss Amdocs ...

JHVEPhoto/iStock Editorial via Getty Images Investment Outlook Amdocs Limited (NASDAQ:DOX) recently reported its FQ3 2024 financial results, matching revenue estimates by beating earnings expectations. I previously wrote about Amdocs in August 2023 with a Hold outlook due to revenue growth concerns and a full stock price valuation. While the company now has a record 12-month backlog of $4.25 billion, macroeconomic conditions continue to negatively pressure client spending and decisionmaking, resulting in li ...

Revenue Performance - Revenue increased by $96.1 million, or 2.6%, to $3,741.1 million for the nine months ended June 30, 2024, compared to $3,645.0 million for the same period in 2023[185]. - Revenue from managed services arrangements accounted for approximately $740.8 million and $2.18 billion in the three and nine months ended June 30, 2024, respectively, showing growth from $719.8 million and $2.14 billion in the same periods of 2023[181]. - Revenue for the three months ended June 30, 2024, increased by $14.1 million, or 1.1%, to $1,250.1 million from $1,236.0 million in the same period of 2023[226]. - Total revenue for the nine months ended June 30, 2024, was $3,741.1 million, an increase of $96.1 million, or 2.6%, from $3,645.0 million in 2023[218]. - Total revenue for the nine months ended June 30, 2024, was $1,250.1 million, an increase of 1.1% compared to $1,235.9 million for the same period in 2023[243]. Income and Expenses - Net income attributable to Amdocs Limited was $140.3 million for the three months ended June 30, 2024, down from $159.4 million in the same period of 2023, a decrease of 12.0%[192]. - For the nine months ended June 30, 2024, net income decreased by $31.9 million, or 7.3%, to $406.8 million compared to $438.7 million for the same period in 2023[224]. - Operating income for the three months ended June 30, 2024, decreased by $6.8 million, or 3.7%, to $175.9 million, or 14.1% of revenue[229]. - Research and development expense decreased by $6.4 million, or 2.3%, to $270.7 million in the nine months ended June 30, 2024, from $277.2 million in the same period of 2023, representing 7.2% of revenue[188]. - Research and development expenses for the three months ended June 30, 2024, slightly decreased by $1.8 million, or 1.9%, to $90.4 million, representing 7.2% of revenue[228]. - Selling, general and administrative expenses increased by $3.8 million, or 0.9%, to $434.1 million for the nine months ended June 30, 2024, while decreasing as a percentage of revenue from 11.8% to 11.6%[222]. - Interest and other expense, net, increased from a net expense of $12.3 million in the nine months ended June 30, 2023, to a net expense of $28.3 million in the same period of 2024[190]. - Income tax expense for the nine months ended June 30, 2024, was $78.5 million on pre-tax income of $487.6 million, resulting in an effective tax rate of 16.1%[241]. - The effective tax rate for the three months ended June 30, 2024, was 16.6%, compared to 10.2% in the same period in 2023[247]. Shareholder Actions - The company repurchased 5,212 ordinary shares at an average price of $85.05 per share in the nine months ended June 30, 2024, under its share repurchase plans[198]. - The company repurchased 5.2 million ordinary shares at an average price of $85.05 per share during the nine months ended June 30, 2024[252]. - The remaining authority to repurchase under the August 2023 plan is $657.4 million as of June 30, 2024[252]. Operational Efficiency - Cost of revenue as a percentage of revenue decreased to 64.8% in the three months ended June 30, 2024, from 65.1% in the same period of 2023, reflecting operational efficiency improvements[194]. - Restructuring charges for the nine months ended June 30, 2024, were $47.9 million, compared to $24.5 million for the same period in 2023[223]. - Restructuring charges for the three months ended June 30, 2024, were $14.7 million, with no charges in the same period in 2023[246]. Market Segmentation - Customers in North America accounted for 66.6% of total revenue, while Europe and the rest of the world accounted for 14.5% and 18.9%, respectively[179]. - Revenue from customers in North America increased by $17.6 million, or 0.7%, to $2,490.2 million for the nine months ended June 30, 2024[218]. - Revenue from North America decreased by $2.0 million, or 0.2%, while revenue from Europe decreased by $11.4 million, or 6.1%[243]. Strategic Investments - The company continues to invest in cloud offerings, 5G, AI, and digital innovations as part of its long-term strategy[188]. Financial Instruments - The Company issued $650 million in Senior Notes with a fixed interest rate of 2.538% per annum, maturing in June 2030[233]. - The Company had outstanding letters of credit and bank guarantees totaling $78,704 as of June 30, 2024[200]. Amortization and Intangible Assets - Amortization of purchased intangible assets increased by $6.2 million, or 14.8%, to $47.7 million in the nine months ended June 30, 2024, due to recent acquisitions[189].

Amdocs Limited (DOX) reported third-quarter fiscal 2024 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same. However, both top and bottom lines marked a year-overyear improvement. The company reported third-quarter non-GAAP earnings of $1.62 per share, beating the consensus mark of $1.61. The non-GAAP earnings came at the higher end of management's guidance of $1.57-$1.63. Quarterly earnings increased 3.2% from the year-ago quarter's $1.57 per share. Amdocs reported ...

Amdocs Limited (NASDAQ:DOX) Q3 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Matt Smith - Head of IR Shuky Sheffer - President and CEO of Amdocs Management Ltd. Tamar Rapaport-Dagim - CFO and COO Conference Call Participants Timothy Horan - Oppenheimer George Notter - Jefferies Tal Liani - Bank of America Yanni Samoilis - Baird Operator Good day and thank you for standing by. Welcome to the Amdocs Third Quarter 2024 Earnings Call. At this time, all participants are in a listen ...

Amdocs Limited NASDAQ: DOX Fiscal Q3 2024 Earnings Presentation August 7, 2024 Shuky Sheffer President & CEO Tamar Rapaport-Dagim CFO & COO The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in Amdocs Limited securities or in any securities of its affiliates or subsidiaries. 2 Information Security Level 0 – Public. © 2024 – Proprietary & Confidentia ...

For the quarter ended June 2024, Amdocs (DOX) reported revenue of $1.25 billion, up 1.1% over the same period last year. EPS came in at $1.62, compared to $1.57 in the year-ago quarter. The reported revenue represents a surprise of -0.42% over the Zacks Consensus Estimate of $1.26 billion. With the consensus EPS estimate being $1.61, the EPS surprise was +0.62%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next m ...

Amdocs (DOX) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.57 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 0.62%. A quarter ago, it was expected that this provider of computer systems integration would post earnings of $1.58 per share when it actually produced earnings of $1.56, delivering a surprise of -1.27%. Over the last four ...

With all these partnerships in place, DOX is increasing its cloud capabilities at a time when the cloud computing market is projected to witness a CAGR of 15% from 2023 to 2028, per the markets and markets report. AT&T has remained one of the long-term and major customers of DOX, accounting for 24% and 27% of Amdocs' revenues in fiscal 2023 and 2022, respectively. Through this Oracle cloud migration, DOX will be able to provide fast and agile interactions at scale to this client. You can see the complete li ...