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Amdocs (DOX) Acquires TEOCO Service Assurance Business Unit
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Amdocs Limited (DOX - Free Report) recently completed the acquisition of TEOCO's service assurance business. This will enable unique end-to-end service orchestration offering for the company’s service providers and assure service quality along with monetization of next generation dynamic customer experiences.
Anthony Goonetilleke, group president of technology and head of strategy at Amdocs, stated, "TEOCO's proven service assurance suite - including their fault, performance and service management capabilities - is a key complementary enhancement to our next generation OSS portfolio. Its seamless integration into our offerings will equip our customers with a full, end-to-end network view and help them predict, detect and resolve service and network quality issues quickly and efficiently."
This buyout is likely to have a neutral impact on Amdocs’ fiscal 2023 and 2024 non-GAAP diluted earnings per share.
DOX 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, the company’s 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 June, the company unveiled the evolution of its advanced cloud-agnostic network inventory solution, Amdocs Network Inventory. The inventory solution supports any network, cloud and service, providing the data required to automate operations across networks from a single pane of glass.
The inventory solution simplifies the interaction with service fulfillment, network planning and orchestration with intent-driven design and assign processes, ensuring the efficient allocation of the resources required to deliver and maintain customer service level agreements. In May, the company 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. The DOX 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.
In March, Colt Technology Services selected Amdocs 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 carbon footprint.
Zacks Rank & Other Stocks to Consider
While Amdocs has Zacks Rank #2 (Buy), Microsoft carries a Zacks Rank #3 (Hold) at present. Shares of DOX and MSFT have gained 16.8% and 30.2%, respectively, over the past year.
The Zacks Consensus Estimate for Salesforce’s second-quarter fiscal 2024 earnings has been revised northward by 12.4% to $1.90 per share over the past 30 days. For fiscal 2024, earnings estimates have moved up by 33 cents to $7.44 in the past 30 days.
CRM's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 15.5%. Shares of the company have gained 25.9% in the past year.
The Zacks Consensus Estimate for NVIDIA’s second-quarter fiscal 2024 earnings has been revised southward from $1.50 to $2.04 per share over the past 30 days. For 2023, earnings estimates have moved up by 27.7% to $7.66 in the past 30 days.
NVDA's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 0.26%. Shares of the company have soared 192.1% in the past year.
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Amdocs (DOX) Acquires TEOCO Service Assurance Business Unit
Amdocs Limited (DOX - Free Report) recently completed the acquisition of TEOCO's service assurance business. This will enable unique end-to-end service orchestration offering for the company’s service providers and assure service quality along with monetization of next generation dynamic customer experiences.
Anthony Goonetilleke, group president of technology and head of strategy at Amdocs, stated, "TEOCO's proven service assurance suite - including their fault, performance and service management capabilities - is a key complementary enhancement to our next generation OSS portfolio. Its seamless integration into our offerings will equip our customers with a full, end-to-end network view and help them predict, detect and resolve service and network quality issues quickly and efficiently."
This buyout is likely to have a neutral impact on Amdocs’ fiscal 2023 and 2024 non-GAAP diluted earnings per share.
Amdocs Limited Price and Consensus
Amdocs Limited price-consensus-chart | Amdocs Limited Quote
DOX 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, the company’s 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 June, the company unveiled the evolution of its advanced cloud-agnostic network inventory solution, Amdocs Network Inventory. The inventory solution supports any network, cloud and service, providing the data required to automate operations across networks from a single pane of glass.
The inventory solution simplifies the interaction with service fulfillment, network planning and orchestration with intent-driven design and assign processes, ensuring the efficient allocation of the resources required to deliver and maintain customer service level agreements. In May, the company 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. The DOX 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.
In March, Colt Technology Services selected Amdocs 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 carbon footprint.
Zacks Rank & Other Stocks to Consider
While Amdocs has Zacks Rank #2 (Buy), Microsoft carries a Zacks Rank #3 (Hold) at present. Shares of DOX and MSFT have gained 16.8% and 30.2%, respectively, over the past year.
Some other top-ranked stocks from the broader Computer and Technology sector are Salesforce (CRM - Free Report) and NVIDIA Corporation (NVDA - 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 Salesforce’s second-quarter fiscal 2024 earnings has been revised northward by 12.4% to $1.90 per share over the past 30 days. For fiscal 2024, earnings estimates have moved up by 33 cents to $7.44 in the past 30 days.
CRM's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 15.5%. Shares of the company have gained 25.9% in the past year.
The Zacks Consensus Estimate for NVIDIA’s second-quarter fiscal 2024 earnings has been revised southward from $1.50 to $2.04 per share over the past 30 days. For 2023, earnings estimates have moved up by 27.7% to $7.66 in the past 30 days.
NVDA's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 0.26%. Shares of the company have soared 192.1% in the past year.