Overview

* Amdocs ( DOX ) Q3 revenue of $1.14 bln beats analyst expectations, per LSEG data

* Adjusted EPS of $1.72 for Q3 beats estimates, per LSEG data

* Revenue down 8.4% as reported, up 3.5% in pro forma constant currency

Outlook

* Amdocs ( DOX ) expects FY 2025 revenue growth of (10.0)%-(9.0)% as reported

* Company anticipates FY 2025 pro forma revenue growth of 2.4%-3.4%

* Amdocs sees Q4 2025 revenue between $1,125 mln and $1,165 mln

* Company reiterates FY 2025 target for double-digit shareholder returns

Result Drivers

* PHASE OUT - Revenue decline due to phase out of certain non-core business activities

* EUROPEAN GROWTH - Record revenue in Europe, up 7.7% YoY

* MANAGED SERVICES - Managed services revenue reached $771 mln, up 4.1% YoY

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.14 $1.13

Revenue bln bln (5

Analysts

)

Q3 Beat $1.72 $1.71 (4

Adjusted Analysts

EPS )

Q3 EPS $1.39

Q3 Net $154.80

Income mln

Q3 Free $212 mln

Cash

Flow

Q3 -8.4%

Revenue

Growth

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy"

* Wall Street's median 12-month price target for Amdocs Ltd ( DOX ) is $102.60, about 17.4% above its August 5 closing price of $84.79

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)