
Please try another search
In a concerted effort to improve the business agility of Communications Service Providers in a cloud-based environment, Amdocs Limited (NASDAQ:DOX) formed a strategic collaboration with Amazon Web Services, a subsidiary of Amazon.com, Inc. (NASDAQ:AMZN) . The partnership will enable Amdocs to develop solutions that would help the service providers to better adapt to the digital world in a cost-effective way.
According to a survey conducted by research firm, Analysis Mason, more than 90% work of Communications Service Providers will run on cloud by 2022. This would require a smooth transition into an optimized hybrid cloud operational environment. In order to bridge this digital divide, Amdocs intends to launch AmdocsONE — an open, modular and integrated solution set with a rich set of capabilities built on cloud-native and microservices technologies and delivered with DevOps practices.
The collaboration with Amazon Web Services will facilitate the easy access of AmdocsONE and will help the service providers to modernize their operations on an outsourced basis, thereby lowering costs. In addition, Amdocs aims to use state-of-the-art technologies around open source, hyper-scale systems and elastic network scaling to create cloud-native environments for testing new offerings and disruptive business models. These, in turn, will likely lead to faster time to market and greater business agility for the service providers with simple, contextual and valuable customer interactions at every point of engagement across all channels.
Leveraging industry-specific best practices and methodologies, AmdocsONE follows a low-risk approach for a series of short, business-defined projects with predictable cost and scope, delivering superior business value. With an open and modular structure, it also offers great flexibility to the service providers to choose the modules that they want in order to bridge the gap between these new modules and their legacy systems.
With strategic acquisitions and collaborations, Amdocs has evolved as a unique vendor providing both end-to-end business support solutions and operating support solutions to the carrier marketplace. The company continues to boost shareholders’ wealth by continuously repurchasing shares and paying regular dividends to its shareholders. Moreover, the company has increased its quarterly dividend by 13.6% to 25 cents per share. Amdocs expects to deliver total return to shareholders in mid to single high digits for the seventh consecutive year in fiscal 2018.
However, the company has underperformed the industry in the last three months with an average return of 3% compared with a gain of 5.6% for the latter. It remains to be seen how the stock performs in future with the new product offering.
The markets have been sluggish this week as investors hope for a jolt later in the week when AI juggernaut NVIDIA Corporation (NASDAQ:NVDA) reports fourth quarter and year-end...
On Friday, a wave of selling pressure swept across the US equity markets, leaving a trail of losses. The S&P 500 closed down 1.7%, the DOW slid 1.69%, and the NASDAQ tumbled a...
Palantir remains highly valued with a 460x P/E ratio and a 42.5x P/B ratio, far above its peers. The stock's beta of 2.81 signals high volatility, meaning sharp moves in both...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.