Amdocs Limited (DOX) has released an update.
Amdocs Limited announced a record quarterly revenue of $1.25 billion, marking a 1.8% year-over-year increase and forecasting revenue growth of up to 3.7% for fiscal 2024. The company also reported a robust 12-month backlog valued at $4.23 billion, demonstrating a 3% year-over-year rise. Amdocs highlighted its commitment to operational excellence, with non-GAAP operating margin improvements and a focus on innovation in cloud and digital modernization, positioning it for continued shareholder returns.
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