Slide 1: Amdocs Limited Fiscal Q3 2025 Earnings Presentation
Amdocs Limited NASDAQ: DOX Fiscal Q3 2025 Earnings Presentation August 6, 2025 Shuky Sheffer President & CEO Tamar Rapaport-Dagim CFO & COO
Slide 2: Disclaimer
Disclaimer The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in Amdocs Limited securities or in any securities of its affiliates or subsid
Slide 3: Today's Speakers
Today’s Speakers Shuky Sheffer President & Chief Executive Officer Tamar Rapaport-Dagim Chief Financial Officer & Chief Operating Officer 3 Information Security Level 2 – Sensitive. © 2025 – Proprietary & Confidential Information of Amdocs
Slide 4: Earnings Call Agenda
Earnings Call Agenda 1 Strategy & business performance update Shuky Sheffer, President & Chief Executive Officer 2 Financial review & outlook Tamar Rapaport-Dagim, Chief Financial Officer & Chief Operating Officer 3 Q&A 4 Information Security Level 2 – Sensitive. © 2025 – Proprietary & Confidential
Slide 5: Strategy and business performance update
Shuky Sheffer President & Chief Executive Officer Strategy and business performance update 5 Information Security Level 2 – Sensitive. © 2025 – Proprietary & Confidential Information of Amdocs
Slide 6: Q3 FY 2025: Solid Financial Results
Q3 FY 2025: Solid Financial Results Non-GAAP Revenue Non-GAAP EPS(3) 12-month backlog operating margin(3) $1.14B 21.4% $1.72 $4.15B Up ~3.5% YoY(1)(2) +280 bps YoY Slightly above +3.0% YoY(1) midpoint of guidance Exceeding guidance +10 bps QoQ midpoint Driven by internal efficiency Record quarter in
Slide 7: Q3 Operational Highlights
Q3 Operational Highlights Healthy third-quarter sales momentum Unparalleled project execution Cloud Major Deployments Leading Eastern Italy & Netherlands Philippines European Brazil SA Operator Cloud Cloud B2B modernization migration modernization Powering mission-critical needs, scaling our custome
Slide 8: Strategic Growth Framework
Strategic Growth Framework Accelerate the journey to the cloud Simplify and accelerate the adoption of Generative AI and Data Services Digitalize customer experience for consumer and B2B Monetize next-generation network investments Streamline and automate complex network ecosystems 8 Information Sec
Slide 9: Progress in Strategic Domains – Cloud
Progress in Strategic Domains – Cloud Cloud Strong Accelerate the journey to the cloud partnerships GCP Selected projects Business value CP Accelerate time to market, streamline lead-to-order, B2B modernization and unify experience across mobile & fixed-services Leading Eastern European CSP Cloud-ba
Slide 10: Progress in Strategic Domains – GenAI & Data Services
Progress in Strategic Domains – GenAI & Data Services GenAI and Data Services Simplify and accelerate the adoption of GenAI & Data Services Selected projects Business value Leading US Simplify billing enquiries and enhance customer amAIz billing agent Service Provider experience AI & data platform,
Slide 11: Progress in Additional Key Strategic Pillars
Business value Progress in Additional Key Strategic Pillars Digital Bill Presentment extension Multi-year OSS Openet managed services transformation digitization engagement renewal Enhance customer experience Multi-year commitment to leverage Benefit from Amdocs’ GenAI and 5G policy control capabili
Slide 12: Current Operating Environment
Current Operating Environment Rich and encouraging pipeline of opportunities • Large serviceable addressable market of nearly $60 billion Healthy 12-month backlog position • On track to hit double-digit growth target in cloud this year Uncertain global macroeconomic environment • Watching for impact
Slide 13: On-track to Deliver Expected Double-Digit Total Shareholder Return for the 5th Year Running in FY 2025
On-track to Deliver Expected Double-Digit Total Shareholder Return for the 5th Year Running in FY 2025 A B 2.4%-3.4% YoY growth $710m-$730m Expect 2.9% midpoint in pro forma, Free cash Revenue(1)(2) constant currency, +20 bps compared with >90% earning-to-cash flow flow conversion, and attractive pr
Slide 14: Financial review & outlook
Tamar Rapaport-Dagim Chief Financial Officer & Chief Operating Officer Financial review & outlook 14 Information Security Level 2 – Sensitive. © 2025 – Proprietary & Confidential Information of Amdocs
Slide 15: Solid Q3 FY2025 financial results
Solid Q3 FY2025 financial results Key Metrics: Q3 2025 Revenue vs. Guidance Revenue: $ Millions $1.144m $1,144 -8.4% YoY as reported $1,130 Above guidance midpoint, +3.5% YoY pro forma(1) constant currency(2) even without ~$9m positive currency impact Non-GAAP(3) Operating Margin 21.4% Original Q3F2
Slide 16: Record managed services revenue in Q3 FY2025
Record managed services revenue in Q3 FY2025, supporting visibility and business resilience Record Managed Services $741 ~$771m Close to managed services ~100% contract renewals 67% of Q3 2025 revenue Managed services arrangements support business model resiliency with highly recurring revenue strea
Slide 17: Strong balance sheet and cash flow
Strong balance sheet and Q3 2025 Free cash flow(1) bridge cash flow FCF includes ~$19M restructuring payments* Ample liquidity to support ongoing business needs while ~$241 ~$29 ~$230 retaining the capacity to fund future strategic growth investments $212 * Liquidity: Cash + Credit Facility Cash, Cr
Slide 18: Disciplined capital allocation
Disciplined capital allocation Dividends, $59 FCF: Five-year historical trend and FY2025E outlook Share repurchases, 140% $135 % FCF(1)(3)(5)(6)(7)/ Non-GAAP Net 88% 102% 101% 93% >90% $194M Income(1) Returned to shareholders in Q3 FY2025E % of FCF(1)(3)(5)(6)(7) 100% 99% 104% 96% 112% guidance: Ret
Slide 19: Leading indicators & visibility: 12-month backlog $4.15B
Leading indicators & visibility: 12-month backlog 12-Month Backlog Leading Indicator $4.15B 12-month backlog includes: Anticipated revenue related to contracts Up 3.0% ~90% Estimated revenue from managed services YoY on a pro-forma(1) basis contracts 12-month backlog as percent Letters of intent of
Slide 20: Fiscal 2025 revenue growth outlook incorporates another year of double-digit growth in cloud
Fiscal 2025 revenue growth outlook incorporates another year of double-digit growth in cloud Revenue Growth YoY% Growth Constant Currency(3) 10.3% 7.7% FY2025 revenue growth of 2.4%-3.4% 7.0% YoY in pro forma(1) constant currency (3), +20bps at midpoint compared to previous outlook Expects 2.4% 2.7%
Slide 21: Driving continued profitable growth
Driving continued profitable growth Annual Non-GAAP(1) Operating Margin: FY2020 – FY2025E(2) 230 bps from phase out of low-margin business 21.7% activities 21.1%-21.7% 21.1% 60-70 bps from operational +300 bps YoY at excellence, automation and guidance midpoint gradual implementation of Gen AI 18.4%
Slide 22: On-track to deliver double-digit expected total shareholder returns
On-track to deliver double-digit expected total shareholder returns For the 5th consecutive year in FY2025E 14.1% 13.6% Total Shareholder Return(3)(4) 11.7% 11.2% 10.8%* Non-GAAP(2) Diluted EPS Growth YoY % + Dividend Yield 12.1% Reiterating 11.5% FY21 and FY22 non-GAAP(2) EPS growth is presented pr
Slide 23: Q&A
Q&A 23 Information Security Level 0 – Public. © 2025 – Proprietary & Confidential Information of Amdocs
Slide 24: Appendix: Outlook & Reconciliation Tables
Appendix Outlook & Reconciliation Tables 24 Information Security Level 0 – Public. © 2025 – Proprietary & Confidential Information of Amdocs
Slide 25: Q4 & FY2025 Outlook
Q4 & FY2025 Q4 Fiscal 2025 Outlook Revenue $1,125 - $1,165 million Outlook GAAP EPS $1.41 - $1.49 Non-GAAP(1) EPS $1.79 - $1.85 Share Count 111 million Positioned for double-digit expected total shareholder return Full Year Fiscal 2025 Outlook Updated Previous for the 5th year running Revenue growth
Slide 26: Reconciliation Tables
Reconciliation Tables a) During the three months ended December 31, 2024, we phased out several low-margin, non- core business activities, which were included in the prior periods numbers b) The amounts under "Purchase of property and equipment, net”, include immaterial proceeds from sale of propert
Slide 27: Reconciliation Tables
Reconciliation Tables Information Security Level 0 – Public. © 2025 – Proprietary & Confidential 27 27 Information Security Level 2 – Sensitive. © 2025 – Proprietary & Confidential Information of Amdocs Information of Amdocs
Slide 28: Reconciliation Tables
Reconciliation Tables Information Security Level 0 – Public. © 2025 – Proprietary & Confidential 28 28 Information Security Level 2 – Sensitive. © 2025 – Proprietary & Confidential Information of Amdocs Information of Amdocs
Slide 29: Thank You
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