业绩总结 - Amdocs在2024财年第三季度实现收入12.5亿美元，同比增长约2%[8] - 非GAAP运营利润率为18.6%，较去年同期提高80个基点[8] - 非GAAP每股收益为1.62美元，同比增长约3%[8] - Q3 FY2024公司收入达到12.5亿美元，同比增长1.1%，按固定汇率计算同比增长1.8%[17] - Q3非GAAP运营利润率为18.6%，同比提升80个基点，环比提升20个基点[17] - GAAP稀释每股收益为1.21美元，若不计入重组费用则每股收益为1.24美元至1.32美元的高端[44] - 非GAAP稀释每股收益为1.62美元，处于指导范围的高端[44] - 非GAAP净收入为187,807千美元，较2023年的189,605千美元略有下降[62] - 自由现金流在2024财年第三季度为175,125千美元，较2023年的143,574千美元增长22%[63] 用户数据 - 12个月的订单积压达到42.5亿美元，同比增长2.7%，环比增长2000万美元[45] - 管理服务收入为7.41亿美元，占Q3总收入的59%[47] - 近100%的管理服务合同续签率，约75%的收入为经常性收入[7] 未来展望 - 公司计划在2024财年实现非GAAP每股收益增长8.5%-9.5%[41] - 预计2024财年收入增长在1.9%至2.7%之间，按固定汇率计算的收入增长中点为2.7%[54] - 2024财年第四季度预计收入为12.4亿至12.8亿美元[60] - GAAP每股收益（EPS）预计为1.34至1.42美元，非GAAP每股收益预计为1.67至1.73美元[60] - 自由现金流预计为7亿美元[60] - 2024财年有效税率非GAAP预计在13.0%至17.0%之间[60] 新产品和新技术研发 - Amdocs在云相关收入中占比超过20%，预计在2024财年实现双位数增长[19] - 公司在云平台上的投资超过10亿美元，成功转型率达到95%[7] - Amdocs在生成式人工智能领域的商业化进展显著，解决案例成功率超过90%[30] 负面信息 - 北美地区收入环比增长0.7%，同比下降0.3%；欧洲地区同比下降约6%；其他地区收入同比增长约13%[17] 其他新策略 - 公司计划在2024财年将超过100%的自由现金流返还给股东[50]

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 ...

Amdocs (DOX) partnered with Oracle (ORCL) in 2023 to shift DOX’s communication and media clients from a traditional storage framework to Oracle Cloud Infrastructure (“OCI”). Recently, AT&T’s (T) subsidiary, AT&T Mexico, completed the migration of its Amdocs Customer Experience Suite (CES) systems to OCI.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 ...

Amdocs Limited (DOX) , a prominent provider of software and services for communications and media companies, has recently collaborated with Alphabet Inc.’s (GOOGL) Google Cloud to advance Embedded Subscriber Identity Module (eSIM) technology. This partnership is aimed at providing an end-to-end eSIM onboarding solution, significantly enhancing the adoption and usability of eSIMs for communication service providers (CSPs) globally.Enhances eSIM OnboardingThe core of this collaboration is the integration of A ...

JHVEPhoto/iStock Editorial via Getty Images Thesis Amdocs Limited (NASDAQ:DOX) is an undervalued dividend-growth company. This BBB investment-grade company has a low long-term debt-to-capital of just 17.57%. It is expected to post an average high single-digit adjusted operating earnings growth rate of 9.32% this year, and 9.58% for the next 2-3 years. Add to that the 2.31% dividend yield that has been growing at an average of 11.91% a year for the past 5 years (a slight dip compared to the 12.59% dividend g ...

Amdocs Limited (DOX) reported second-quarter fiscal 2024 results, wherein earnings missed the Zacks Consensus Estimate and revenues matched the same. However, both the top and bottom lines marked a year-over-year improvement.The company reported second-quarter non-GAAP earnings of $1.56 per share, missing the consensus mark of $1.58. The non-GAAP earnings per share matched the midpoint of management’s guidance of $1.53-$1.59. Quarterly earnings increased 6.1% from the year-ago quarter’s $1.47 per share.Amdo ...

业绩总结 - 第二季度营收达到12.5亿美元，同比增长约2%[11] - 12个月订单 backlog 达到42.3亿美元，同比增长约3%[11] - 预计在财政下半年将实现收入增长加速，尽管转化速度较慢[19] 用户数据 - 预计FY2024年云业务收入增长超过20%[28] 未来展望 - FY2024E 预计非 GAAP 每股收益增长为 7%-11%[30] - 预计在 FY2024E 实现第四年连续两位数股东回报率[30] 新产品和新技术研发 - 推出了新的 GenAI 用例，加速人工智能在通信行业的应用[14] - 在数字化现代化领域取得进展，如推出了 connectX 平台[16] - 在网络自动化领域取得进展，如推出了 Helix Service Assurance 套件[18] 市场扩张和并购 - 与 T-Mobile 签署了一项为期5年的持续现代化协议[12] - 与 AT&T 签署了一项为期5年的重要协议，扩大云业务[15] 负面信息 - 预计在 FY2024E 实现第四年连续两位数股东回报率[30]

财务数据和关键指标变化 - 公司实现了创纪录的第二季度收入1.25亿美元,同比增长2.0%(以恒定汇率计算),略高于指引中值 [10] - 非GAAP营业利润率同比提升60个基点,环比提升30个基点,达到18.4%,创多年新高 [32] - 非GAAP每股收益为1.56美元,符合指引中值 [33] - 12个月订单回款创新高,达42.3亿美元,同比增长约3% [35][36] 各条业务线数据和关键指标变化 - 北美收入同比下降0.7%,主要由于管道转化销售放缓 [31] - 欧洲收入同比增长8%,其他地区(主要为亚太)收入创纪录,同比增长7% [31] - 托管服务收入约7.2亿美元,略有增长,占总收入58% [37] 各个市场数据和关键指标变化 - 在北美市场,公司继续扩大在AT&T的产品和服务,并签署了一项5年期重大合同,拓展云计算领域并延长消费者领域的合作至2029年 [11] - 在T-Mobile方面,公司获得了支持其持续现代化和提供领先消费者及企业客户体验的额外订单 [12] - 在日本,公司赢得了与J:COM的数字化转型项目 [13] - 在英国,公司与Colt签署了扩大的多年期数字化转型和网络自动化相关交易 [24] - 在东南亚,公司与一家主要服务提供商签署了端到端服务编排解决方案的交易 [25] 公司战略和发展方向及行业竞争 - 公司战略围绕四大支柱:加速云转型、打造无缝数字体验、5G和光纤网络的创新服务、简化和自动化复杂网络生态系统 [16] - 在生成式AI方面,公司正在三个支柱上执行战略:在CES24产品中嵌入AI助手、加速新的生成式AI用例、与行业领导者如英伟达、微软和AWS深入合作 [17][18][19] - 云业务有望实现两位数收入增长,公司正与客户合作推进云转型 [21][22] - 公司在数字化现代化、高级连接性和5G/光纤网络的服务创新等领域也取得进展 [23][24][25][26] 管理层对经营环境和未来前景的评论 - 公司面临宏观不确定性和行业压力的挑战,但仍看到健康的市场需求 [27] - 公司市场份额保持高位,在生成式AI等战略领域取得进展 [15] - 预计第二财季收入增速将环比加快,但增速将较初期预期温和 [27][28] - 全年收入增长预期为1.7%-3.7%(以恒定汇率计算),非GAAP每股收益增长7%-11% [29] 问答环节重要的提问和回答 问题1 **George Notter 提问** 询问收入预期下调50个基点的原因,是否与客户在现代化和遗留系统升级之间的权衡有关 [62] **Shuky Sheffer 回答** 解释下调主要是由于将大型交易从管道转化为销售的时间较预期更长,而不是由于项目里程碑的影响 [63][64] 问题2 **William Power 提问** 询问生成式AI在收入贡献方面的催化因素,以及客户数据整理和标准化的需求 [70] **Shuky Sheffer 回答** 目前公司正在与多个客户进行生成式AI的概念验证,并将逐步转化为实际交易。客户需要确保准确性和可靠性,这需要一定时间 [71] 问题3 **William Power 提问** 询问北美业务表现较弱的原因 [72] **Shuky Sheffer 回答** 北美业务表现放缓主要是由于大型交易从管道转化为销售的时间较预期更长,而不是由于遗留系统升级的影响恶化 [73]

Exhibit 99.1 Amdocs Limited Reports Second Quarter Fiscal 2024 Results Record Quarterly Revenue of $1.25 Billion, up 1.8% YoY as Reported and 2% YoY in Constant Currency (1) Record 12-Month Backlog of $4.23 Billion, up ~3% YoY Updates Fiscal 2024 Outlook: Expects Revenue Growth of 1.6%-3.6% YoY as Reported and 1.7%-3.7% YoY in Constant Currency (1) On-track to Deliver Accelerated Profitability in Fiscal 2024 Expects GAAP Diluted EPS Growth of 7.0%–13.0% and Non-GAAP Diluted EPS Growth of 7.0%-11.0% Second Q ...