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Amdocs (DOX) and Microsoft Collaborate on New Use Cases
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Amdocs Limited (DOX - Free Report) recently developed new use cases in collaboration with Microsoft (MSFT - Free Report) in its Americas 5G Experience Lab in Dallas, TX.
Currently available in Microsoft’s Azure Marketplace, the Amdocs solutions are built on Azure Private Multi-access Edge Compute and Azure Private 5G Core platforms. The use cases intend to provide a view on how combining private networks, edge computing solutions, the Internet of Things and more together can lead to an advanced digital society.
One of the available use cases includes an end-to-end offering that combines software, connectivity and Juganu-provided physical hardware to enable smart cities. The Amdocs offering will give real-time environmental and movement data to ensure that cities add intelligent, efficient lighting services, public or private internet access and other city management capabilities.
Another use case from the company includes complete augmented reality maintenance and training offering. It enables a remote-assist workflow for field technicians so that they can access centralized expertise to complete their maintenance tasks. The remote expert offers real-time support and training to the field technicians improving the efficiency of the teams.
Amdocs 5G Experience Lab is a sandbox where service providers, enterprises, software vendors and partners incubate new 5G solutions, unveiling new opportunities across industries. It enables enterprises and service providers to experiment in areas, such as private wireless networks, premium 5G services, cloud services, the future of work, industry 4.0 and security. Further, the lab embraces industry standards and organizations like OpenRAN, Telecom Infrastructure Project and 3rd Generation Partnership Project.
Amdocs continues to expand its global client base by signing long-term contracts and collaborating with major companies across the world. The company ended the second quarter of fiscal 2023 with a 12-month backlog of $4.11 billion, up $20 million sequentially and $220 million year over year.
Currently, Amdocs' growth momentum is anticipated to continue and courtesy of its initiatives aimed at aiding digital, media and network and cloud transformations of its clients. In March, Colt Technology Services selected the company for strategic transformation of its core IT systems. Per the contract, DOX delivers an inventory platform that digitalizes and automates Colt's global product and service inventory.
In the same month, the company completed a proof of concept with Philippines-based PLDT's wireless subsidiary Smart Communications, Inc. and Amdocs’ partner vHive. The proof of concept showcases how service providers can harness autonomous drone technology to transform how they manage and maintain network towers while reducing their carbon footprint.
In February, Amdocs unveiled a Customer Engagement Platform with Microsoft. This platform was to empower service providers for improving their engagement and end-user experiences and journeys across all channels and applications, streamlining business processes, monetizing innovative 5G use cases and accelerating the move to the cloud while leveraging the world’s leading AI capabilities.
Zacks Rank & Stocks to Consider
Amdocs and Microsoft both have a Zacks Rank #3 (Hold) at present. Shares of DOX and MSFT have gained 7.2% and 16%, respectively, over the past year.
The Zacks Consensus Estimate for Meta Platforms' second-quarter 2023 earnings has been revised 14% upward to $2.79 per share over the past 30 days. For 2023, earnings estimates have moved north by 12.1% to $11.76 in the past 30 days.
META’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 15.5%. Shares of the company have gained 16.8% in the past year.
The Zacks Consensus Estimate for Momo’s first-quarter 2023 earnings has been revised southward from 36 cents to 32 cents per share over the past 30 days. For 2023, earnings estimates have moved down by 3 cents to $1.55 in the past 30 days.
MOMO's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 31.9%. Shares of the company have gained 80.7% in the past year.
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Amdocs (DOX) and Microsoft Collaborate on New Use Cases
Amdocs Limited (DOX - Free Report) recently developed new use cases in collaboration with Microsoft (MSFT - Free Report) in its Americas 5G Experience Lab in Dallas, TX.
Currently available in Microsoft’s Azure Marketplace, the Amdocs solutions are built on Azure Private Multi-access Edge Compute and Azure Private 5G Core platforms. The use cases intend to provide a view on how combining private networks, edge computing solutions, the Internet of Things and more together can lead to an advanced digital society.
One of the available use cases includes an end-to-end offering that combines software, connectivity and Juganu-provided physical hardware to enable smart cities. The Amdocs offering will give real-time environmental and movement data to ensure that cities add intelligent, efficient lighting services, public or private internet access and other city management capabilities.
Amdocs Limited Price and Consensus
Amdocs Limited price-consensus-chart | Amdocs Limited Quote
Another use case from the company includes complete augmented reality maintenance and training offering. It enables a remote-assist workflow for field technicians so that they can access centralized expertise to complete their maintenance tasks. The remote expert offers real-time support and training to the field technicians improving the efficiency of the teams.
Amdocs 5G Experience Lab is a sandbox where service providers, enterprises, software vendors and partners incubate new 5G solutions, unveiling new opportunities across industries. It enables enterprises and service providers to experiment in areas, such as private wireless networks, premium 5G services, cloud services, the future of work, industry 4.0 and security. Further, the lab embraces industry standards and organizations like OpenRAN, Telecom Infrastructure Project and 3rd Generation Partnership Project.
Amdocs continues to expand its global client base by signing long-term contracts and collaborating with major companies across the world. The company ended the second quarter of fiscal 2023 with a 12-month backlog of $4.11 billion, up $20 million sequentially and $220 million year over year.
Currently, Amdocs' growth momentum is anticipated to continue and courtesy of its initiatives aimed at aiding digital, media and network and cloud transformations of its clients. In March, Colt Technology Services selected the company for strategic transformation of its core IT systems. Per the contract, DOX delivers an inventory platform that digitalizes and automates Colt's global product and service inventory.
In the same month, the company completed a proof of concept with Philippines-based PLDT's wireless subsidiary Smart Communications, Inc. and Amdocs’ partner vHive. The proof of concept showcases how service providers can harness autonomous drone technology to transform how they manage and maintain network towers while reducing their carbon footprint.
In February, Amdocs unveiled a Customer Engagement Platform with Microsoft. This platform was to empower service providers for improving their engagement and end-user experiences and journeys across all channels and applications, streamlining business processes, monetizing innovative 5G use cases and accelerating the move to the cloud while leveraging the world’s leading AI capabilities.
Zacks Rank & Stocks to Consider
Amdocs and Microsoft both have a Zacks Rank #3 (Hold) at present. Shares of DOX and MSFT have gained 7.2% and 16%, respectively, over the past year.
Some top-ranked stocks from the broader Computer and Technology sector are Meta Platforms (META - Free Report) and Momo (MOMO - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Meta Platforms' second-quarter 2023 earnings has been revised 14% upward to $2.79 per share over the past 30 days. For 2023, earnings estimates have moved north by 12.1% to $11.76 in the past 30 days.
META’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 15.5%. Shares of the company have gained 16.8% in the past year.
The Zacks Consensus Estimate for Momo’s first-quarter 2023 earnings has been revised southward from 36 cents to 32 cents per share over the past 30 days. For 2023, earnings estimates have moved down by 3 cents to $1.55 in the past 30 days.
MOMO's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 31.9%. Shares of the company have gained 80.7% in the past year.