Amdocs Ltd

Latest Results (19.12.2024):

Record Revenue

Amdocs Ltd reported record revenue for the fourth quarter of fiscal 2024, reaching $1,264 million, which represents a 1.7% increase as reported and a 2.1% increase in constant currency compared to the previous year. This revenue was slightly above the midpoint of the company's guidance range, benefiting from a positive impact of approximately $3 million due to foreign currency movements.

Profitability and Earnings

For the fourth quarter of fiscal 2024, Amdocs Ltd achieved a GAAP diluted earnings per share (EPS) of $0.76, which included a restructuring charge. Excluding this charge, the GAAP diluted EPS would have been at the higher end of the guidance range. The non-GAAP diluted EPS was $1.70, aligning with the midpoint of the guidance range, reflecting the company's focus on operational excellence.

Dividend Increase

The Board of Directors of Amdocs Ltd approved a 10% increase in the company's quarterly cash dividend, raising it from $0.479 per share to $0.527 per share. This increase is anticipated to be first paid in April 2025, subject to shareholder approval at the January 2025 annual meeting, demonstrating the company's commitment to returning value to shareholders.

Strategic Outlook

Looking ahead to fiscal 2025, Amdocs Ltd plans to phase out certain non-core, low-margin business activities to sharpen its focus on strategic priorities. The company expects a pro forma revenue growth of 1% to 4.5% in constant currency, driven by higher-margin areas such as cloud services and monetization platforms, aiming for double-digit total shareholder returns.

Backlog and Market Position

Amdocs Ltd reported a twelve-month backlog of $4.06 billion at the end of the fourth quarter of fiscal 2024. On a pro forma basis, adjusting for the phase-out of certain business activities, the backlog increased by approximately 2.5% compared to the previous year's fourth fiscal quarter, highlighting the company's strong market position and visibility into future revenue streams.