Amdocs Reports Record Revenue and Growth Outlook

Amdocs (DOX) has released an update.

Amdocs Limited reported a solid third fiscal quarter in 2024, with record revenues of $1.25 billion, marking a modest growth of 1.1% year-over-year and a 12-month backlog increase to $4.25 billion, up 2.7% from the previous year. The company has updated its fiscal 2024 outlook, anticipating revenue growth between 1.9% and 2.7%, and projecting GAAP diluted EPS growth of 7.4% to 9.2%. These results reflect Amdocs’ strong focus on cloud solutions and operational excellence, alongside a significant share buyback program.

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