Slide 1: Fiscal Q1 2025 Earnings Presentation
Exhibit 99.2 Amdocs Limited NASDAQ: DOX Fiscal Q1 2025 Earnings Presentation February 4, 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 Information Security Level 0 – Public. © 2025 – Proprietary & Confidential Information of Amdocs 3 3
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 IIn nf for orm ma at tiion on Se Sec cu ur riit ty y L Le evel vel 0 0 – – P Pu
Slide 5: Strategy and business performance update
Shuky Sheffer President & Chief Executive Officer Strategy and business performance update 5
Slide 6: Solid Start to Fiscal Year 2025
Solid Start to Fiscal Year 2025 Non-GAAP (3) Revenue Non-GAAP EPS 12-month backlog (3) operating margin $1.11B 21.2% $1.66 $4.14B (1)(2) (1) Exceeding +1.7% YoY +2.7% YoY pro forma +310bps YoY the guidance +3.5% pro forma Slightly above +250bps QoQ midpoint (2) • Phase out of non-core, constant curr
Slide 7: Q1 Key Highlights
Q1 Key Highlights Further sales momentum Progressing major transformations for in North America longstanding customers Expanded footprint in data and intelligence domain Philippines Chile Billing systems consolidation European operator Australia Singapore Collaboration on advanced digital assets man
Slide 8: Strategic Growth Framework
Strategic Growth Framework Designed to provide the market-leading innovation our customers need Accelerate the journey to the cloud Digitally transform the customer experience for consumer and B2B Monetize the future market potential of next-generation networks Deliver dynamic connected experiences
Slide 9: Progress in Strategic Domains - Cloud
Progress in Strategic Domains - Cloud Strong Accelerate the journey to the cloud Cloud partnerships Selected projects Business value Improved operational efficiency and business Modernization expansion including Netherlands resilience, and empowering innovative new services cloud operations services
Slide 10: Progress in Strategic Domains – Digital Modernization
Progress in Strategic Domains – Digital Modernization Digital Digitally transform the customer experience for consumer and B2B modernization Selected examples Business value Enhanced digital experience of self-serve app Digital experience services More agile and responsive way to engage and support
Slide 11: Progress in Strategic Domains - Monetization of Next Generation Networks
Progress in Strategic Domains - Monetization of Next Generation Networks Monetization of Next Monetize the future market potential of next-generation networks Generation Networks Selected projects Business value Billing systems consolidation Simplifying operations and enhancing customer experiences
Slide 12: Progress in Strategic Domains - Network Automation
Progress in Strategic Domains - Network Automation Network Deliver dynamic connected experiences by streamlining and automating complex network ecosystems automation Selected project Business value Increased capacity and reduced compute Network lab services power consumption during rollout Enable im
Slide 13: Progress in Strategic Domains - GenAI
Progress in Strategic Domains - GenAI Generative AI An industry leader in helping service providers unlock the transformative potential of Gen AI Strategy Acceleration GenAI Product and Expanded data, AI and Growing Commercial Solution Innovation Generative AI services Momentum Expanded our portfoli
Slide 14: Looking Ahead: Strong Fundamentals in Challenging Environment
Looking Ahead: Strong Fundamentals in Challenging, Largely Unchanged Environment Confident in our relatively resilient business model • Highly recurring revenue streams • Strong levels of business visibility • Multi-year customer engagements Significant room to grow within our large addressable mark
Slide 15: On-track to Deliver Double-Digit Total Shareholder Returns
On-track to Deliver Expected Double-Digital Total Shareholder Returns for the 5th Year Running in FY 2025 A B 1%-4.5% YoY growth $710m-$730m Reiterating 2.7% midpoint on pro Free cash (1)(2) >90% earning-to-cash flow Revenue forma, constant currency basis flow conversion, and attractive Double-digit
Slide 16: Financial review & outlook
Tamar Rapaport-Dagim Chief Financial Officer & Chief Operating Officer Financial review & outlook 16
Slide 17: Q1 2025 Revenue vs. Guidance
Q1 2025 Revenue vs. Guidance Q1 2025 Results Q1 FY2025 $ Millions Revenue was slightly above Q1 Revenue Financial guidance midpoint, adjusting for negative ~$6M currency impact $1,110 million Slightly above guidance midpoint Highlights adjusting for ~$6M currency impact $1,115 $1,110 ($1,095M - $1,1
Slide 18: Managed Services Revenue: Q1 2025
Managed Services Revenue: Q1 2025 Leading Indicators $ Millions 66% of Q1 2025 revenue & Business Model Managed services arrangements support $729 $723 Visibility business model resiliency with highly recurring revenue streams, multi-year engagements and high renewal rates, Managed Services and may
Slide 19: Balance Sheet & Cash Flow
(1) DSO’s Q1 2025 Free cash flow bridge Balance Sheet 81 days FCF includes ~$23M +6 days YoY and +7 days QoQ & Cash Flow restructuring payments DSO’s may fluctuate from quarter to quarter ~$27 ~$106 The sequential quarter change in unbilled * $101 receivables net of deferred revenue was $33 million
Slide 20: Q1 2025 Cash Returned to Shareholders
Q1 2025 Cash Returned to Shareholders Dividend Growth Disciplined Capital $ Millions Board authorized quarterly dividend payment: 52.7 cents Allocation Dividends, $54 Payable on April 25, 2025, to shareholders on record date of March 31, 2025 (1) Reiterating FY 2025 free cash flow (FCF) of between $
Slide 21: 12-Month Backlog & Business Model Visibility
Leading Indicators 12-Month Backlog & Business Model Visibility $4.14B 12-month backlog accelerated by +$80M QoQ in Q1 FY2025 Up 3.5% (1) (2) YoY on a pro-forma , constant currency basis 12-month backlog was up 2.7% on a (1) pro forma basis, and 3.5% in pro (1) (1) (2) forma constant currency 12-mon
Slide 22: Revenue Growth FY2025
Revenue Growth FY2025 (3) YoY% Growth Constant Currency Revenue Growth Outlook Reiterating FY2025 revenue growth of 1%- (1) 4.5% YoY on a pro forma constant 10.3% (3) currency basis, including some non- 4.5% Reiterating 7.7% organic contribution 7.0% 2.7% guidance Cloud positioned for another year o
Slide 23: Enhanced Profitability: Annual Non-GAAP Operating Margin
(1) Enhanced Annual Non-GAAP Operating Margin: (2) FY2018 – FY2025E Profitability $ Millions FY2025E Non-GAAP(1) Operating margin target range: 21.1%-21.7% Improvement 21.7% (1) Reiterating FY2025 non-GAAP 21.1% operating margin in the target range of 21.1%-21.7%, up 300 bps YoY at +300 bps YoY midp
Slide 24: Targeting Double-Digit Total Shareholder Return
(3)(4) Targeting double-digit Total Shareholder Return (2) Non-GAAP Diluted EPS Growth YoY % + Dividend Yield expected total (1) FY21 and FY22 non-GAAP EPS growth is presented pro forma (3) shareholder returns for the 5th year running th 5 consecutive year of double-digit expected total in FY2025E s
Slide 25: Included in 2024 S&P Dow Jones Sustainability Index
Amdocs has been included in the th prestigious 2024 S&P Dow Jones 6 year in a row Sustainability Index (North America) Maintained our top-rated positioning Our overall score positions rd us at the 93 percentile: Information Security Level 0 – Public. © 2025 – Proprietary & Confidential Information o
Slide 26: Q&A
Q&A Information Security Level 3 – Highly Sensitive. ©️ 2024 – Proprietary & Confidential Information of Amdocs 26 26 26
Slide 27: Appendix: Outlook & Reconciliation Tables
Appendix Outlook & Reconciliation Tables Information Security Level 3 – Highly Sensitive. ©️ 2024 – Proprietary & Confidential Information of Amdocs 27 27 27
Slide 28: Q2 Fiscal 2025 Outlook
Q2 Fiscal 2025 Outlook Q2 & FY2025 Revenue $1,105 - $1,145 million $1.30 - $1.38 GAAP EPS Outlook (1) Non-GAAP EPS $1.67 - $1.73 Share Count 113 million Positioned to deliver double-digit Effective Tax Rate Within the annual target range of 15.0% - 17.0% (1) Non-GAAP expected total shareholder retur
Slide 29: Reconciliation Tables
Reconciliation Tables (a) The amounts under Purchase of property and equipment, net”, include immaterial proceeds amounts from sale of property and equipment for the three months ended December 31, 2024, and 2023, respectively Information Security Level 2 – Sensitive. ©️ 2025 – Proprietary & Informa
Slide 30: Reconciliation Tables
Reconciliation Tables Information Security Level 2 – Sensitive. ©️ 2025 – Proprietary & Information Security Level 0 – Public. ©️ 2025 – Proprietary & Confidential Information of Amdocs 30 30 Confidential Information of Amdocs
Slide 31: Thank you!
@\]Beb 2025 Board of Directors Thank you! . keit a make > amdocs | amazing