From Nasdaq: 2024-04-02 11:13:00

Amdocs collaborates with DELTA Fiber Nederland to support and maintain software for DELTA’s monetization engine. This partnership will enable DELTA to offer new deals and improve customer experience for its growing subscriber base, expected to reach two million by 2025. Amdocs also has partnerships with BMC, A1 Telekom Austria, and other companies.

Amdocs’ business is driven by customer additions, recurring revenue model, and long-term contracts. The company’s backlog stands at $4.21 billion, including contracts with major players like T-Mobile, AT&T, and Bell Canada. Amdocs expects revenue growth of 1.1-5.1% in 2024, with a Zacks Consensus Estimate of $5.04 billion for the year.

Amdocs has a Zacks Rank #3 (Hold) and shares have declined by 6.7% in the past year. Better-ranked stocks in the technology sector include NVIDIA, Bill Holdings, and Bentley Systems, each with a Zacks Rank #1 (Strong Buy). NVIDIA’s 2024 earnings per share estimate is $23.84, while Bill Holdings and Bentley Systems have revised upwards earnings estimates for 2024.



Read more at Nasdaq: Amdocs (DOX) to Support Software for DELTA’s Monetization Engine