Amdocs Growth Remains Anemic On Client Buying Scrutiny

Aug. 23, 2024 11:52 AM ETAmdocs Limited (DOX) StockDOX3 Comments

Summary

  • Amdocs recently reported its FQ3 2024 results, meeting revenue estimates but beating earnings expectations.
  • The market outlook for customer experience management is positive, with Amdocs active in various business software vertical markets.
  • Financial trends show slow revenue growth, declining earnings per share, and reduced operating margin.
  • I remain Neutral (Hold) on DOX until management can convert its strong backlog into revenue growth.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

Amdocs office in Kanata, Ottawa, Canada.

JHVEPhoto/iStock Editorial via Getty Images

Investment Outlook

Amdocs Limited (NASDAQ:DOX) recently reported its FQ3 2024 financial results, matching revenue estimates by beating earnings expectations.

I previously wrote about Amdocs in August 2023 with a Hold outlook due to revenue growth

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This article was written by

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Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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