Record Revenue and Growth in Cloud
Amdocs achieved record revenue of $5 billion in fiscal 2024, up 2.7% in constant currency. Cloud now accounts for approximately 25% of total revenue, with double-digit growth expected to continue in fiscal 2025.
Strong Managed Services Performance
Managed services delivered another record year with revenue of $2.9 billion, up 1.7% from the prior year, accounting for roughly 58% of total revenue.
Non-GAAP Operating Margin Improvement
Amdocs achieved a non-GAAP operating margin of 18.4% for fiscal 2024, marking a 60 basis point improvement year-over-year, with expectations to surpass 21% in fiscal 2025.
Successful Expansion in Key Markets
Amdocs expanded activities with major customers like AT&T, T-Mobile, and Vodafone, and achieved successful product deployments in various regions, including North America and Southeast Asia.
Commitment to Shareholder Returns
Amdocs returned more than 100% of free cash flow to shareholders through share repurchases and dividends, and expects to maintain double-digit total shareholder returns in fiscal 2025.