Amdocs Reports Record Fiscal 2024 Revenue and Initiates 2025 Outlook

Amdocs Limited has announced record-breaking revenue for fiscal year 2024, reaching $5 billion, marking a 2.4% increase from the previous year. The company's performance was bolstered by strong managed services revenue, which made up 58% of total earnings. Despite these gains, GAAP diluted EPS decreased by 5.3% due to restructuring charges.

Looking ahead, Amdocs foresees fiscal 2025 revenue to potentially drop by up to 10.9% as it phases out certain non-core, low-margin business activities. However, the company expects a 1% to 4.5% pro forma revenue growth in constant currency terms. Emphasis will be placed on strategic priorities such as cloud services and intelligent automation.

Key initiatives like the enhancement of its generative AI platform, amAIz, and the anticipation of a 10% increase in quarterly cash dividends underline Amdocs' commitment to profitability and shareholder returns.