Slide 1: Fiscal Q2 2025 Earnings Presentation
Amdocs Limited NASDAQ: DOX Fiscal Q2 2025 Earnings Presentation May 7, 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: 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 3 Information Security Level 0 – Public. © 2025 – Proprietary & Confidential Inf
Slide 4: Today's speakers
Today’s speakers Shuky Sheffer President & Chief Executive Officer Tamar Rapaport-Dagim Chief Financial Officer & Chief Operating Officer 4 Information Security Level 0 – Public. © 2025 – Proprietary & Confidential Information of Amdocs
Slide 5: Strategy and business performance update
Shuky Sheffer President & Chief Executive Officer Strategy and business performance update 5
Slide 6: Good Q2 Financial Results
Good Q2 Financial Results Revenue Non-GAAP operating margin(3) Free cash flow(3)(4) Non-GAAP EPS(3) 12-month backlog $1.13B 21.3% $156M $1.78 $4.17B +4.0% YoY(1)(2) +290bps YoY $181M excluding Above +3.5% YoY Above the midpoint of Phase out of non-core, low- restructuring payments the guidance range
Slide 7: Q2 Key Highlights
Q2 Key Highlights Expanding with new and existing Achieving project milestones for many customers in North America of the world’s largest operators Strengthened relationship: Progressing AT&T mainframe-to-cloud Payment solutions, dealer commissions migration using Amdocs’ agentic paradigm and expand
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 Cloud Accelerate the journey to the cloud partnerships Selected examples Business value Leading Tier-1 European CSP Modernization and migration of Amdocs and Enhance performance, accelerate innovation, and non-Amdocs applications to the Microsoft Azure cl
Slide 10: Progress in Strategic Domains – Digital Modernization
Progress in Strategic Domains – Digital Modernization Digital Digitally transform the customer experience modernization for consumer and B2B Selected examples Business value Cloud-native connectX SaaS platform Quick launch of new digital brands and services One-stop shop for digital subscriptions Ma
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 Generation Networks next-generation networks Selected examples Business value Reduce billing processing times by more than Convergent charging modernization half and
Slide 12: Progress in Strategic Domains - Network Automation
Progress in Strategic Domains - Network Automation Network Deliver dynamic connected experiences by streamlining automation and automating complex network ecosystems Selected examples Business value Customer Engagement Platform integrated to Modernizing end-to-end customer journeys and Philippines A
Slide 13: Amdocs and NVIDIA: Transforming the future of AI in telecom
Amdocs and NVIDIA: Transforming the future of AI in telecom Amdocs recognized at NVIDIA GTC as a key partner driving the next wave of AI innovation in telecom 13 Information Security Level 0 –– Public. Public. © © 2025 2025 –– Proprietary Proprietary & & Confidential Confidential Information Informa
Slide 14: Progress in Strategic Domains – GenAI
Progress in Strategic Domains – GenAI Generative AI A leading enabler of generative AI for the Strategy Acceleration world’s leading service providers Product & portfolio evolution Commercial momentum Evolving our data foundation PoCs with several flagship customers capabilities to accelerate GenAI
Slide 15: Current Operating Environment
Current Operating Environment Macroeconomic uncertainty has risen, but As a specialist software and services provider we believe Amdocs is relatively well to the global communications and media positioned to navigate the present industry, we believe Amdocs is not currently environment due to our uni
Slide 16: FY 2025 Outlook: On-track to Deliver Expected Double-Digit Total Shareholder Returns
FY 2025 Outlook: On-track to Deliver Expected Double- Digital Total Shareholder Returns for the 5th Year Running A B 1.7%-3.7% YoY growth $710m-$730m Reiterating 2.7% midpoint in pro forma, Free cash Revenue(1)(2) constant currency, while tightening the range >90% earning-to-cash flow flow conversio
Slide 17: Financial review & outlook
Tamar Rapaport-Dagim Chief Financial Officer & Chief Operating Officer Financial review & outlook 17
Slide 18: Q2 FY2025 Financial Highlights
Q2 FY2025 Q2 2025 Results Q2 2025 Revenue vs. Guidance $ Millions Financial Highlights $1,128 million Q2 Revenue $1,128 Above guidance midpoint despite $1,125 Revenue, -9.4% YoY as reported, ~$2M negative currency impact reflecting phase-out of certain business ($1,105M - $1,145M) activities Origina
Slide 19: Visibility & Business Resiliency: Managed Services
Managed Services Revenue: Q2 2025 Visibility & Business $ Millions Resiliency: 66% of Q2 2025 revenue Managed Services Managed services arrangements support $720 $747 business model resiliency with highly recurring revenue streams, multi- year engagements and Record Managed Services high renewal rat
Slide 20: Balance Sheet & Cash Flow
Balance Sheet DSO’s Q2 2025 Free cash flow(1) bridge 77 days & Cash Flow FCF includes ~$25M +1 days YoY and -4 days QoQ restructuring payments* DSO’s may fluctuate from quarter to quarter ~$16 ~$181 * Unbilled receivables net of deferred ~$172 revenue declined by $25 million sequentially in Q2, aggr
Slide 21: Disciplined Capital Allocation
Disciplined Capital Q2 2025 Cash Returned to Shareholders Dividend $ Millions Board authorized quarterly dividend payment: Allocation 52.7 cents Dividends, $54 Payable on July 25, 2025, to shareholders on record date of June 30, 2025 Share Repurchase Authorization Reiterating FY 2025 free cash flow(
Slide 22: Leading Indicators & Visibility: 12-Month Backlog
Leading Indicators Quarterly 12-Month Backlog Growth YoY % & Visibility: 2.9% 2.9% 2.7% 2.7% 3.5% 12-Month Backlog as of 2.5% 12-Month Backlog March 31, 2025 $4.17B 12-month backlog up 3.5% on a pro Up 3.5% forma(1) basis (1) (1) (1) YoY on a pro-forma(1), basis Q1F24 Q2F24 Q3F24 Q4F24 Q1F25 Q2F25 1
Slide 23: FY2025 Revenue Growth Outlook
FY2025 Revenue Revenue Growth YoY% Growth Constant Currency(3) Growth Outlook 10.3% Reiterating the 2.7% midpoint of 7.7% FY2025 revenue growth outlook of 7.0% 1.7%-3.7% YoY in pro forma(1) constant currency(3) Reiterating Cloud on-track for another year of 3.7% 2.4% 2.7% 2.7% double-digit growth in
Slide 24: Enhanced Profitability Improvement
Enhanced Annual Non-GAAP(1) Operating Margin: Profitability FY2018 – FY2025E(2) $ Millions Improvement FY2025E Non-GAAP(1) Operating margin target range: 21.1%-21.7% Reiterating FY2025 non-GAAP(1) operating margin guidance of 21.1%- 21.7% 21.7%, up 300 bps YoY at midpoint 21.1% +300 bps YoY at guida
Slide 25: Total Shareholder Return
Total Shareholder Return(3)(4) Targeting double-digit Non-GAAP(2) Diluted EPS Growth YoY % + Dividend Yield expected total FY21 and FY22 non-GAAP EPS growth is presented pro forma(1) shareholder returns(3) for the 5th year running in 5th consecutive year of double-digit expected total FY2025E shareh
Slide 26: Q&A
Q&A 26 Information Security Level 0 – Public. © 2025 – Proprietary & Confidential Information of Amdocs
Slide 27: Appendix
Appendix Outlook & Reconciliation Tables 27 Information Security Level 0 – Public. © 2025 – Proprietary & Confidential Information of Amdocs
Slide 28: Q3 & FY2025 Outlook
Q3 & FY2025 Q3 Fiscal 2025 Outlook Revenue $1,110 - $1,1150 million Outlook GAAP EPS $1.30 - $1.38 Non-GAAP(1) EPS $1.68 - $1.74 Share Count 111 million Positioned to deliver double-digit expected total shareholder returns Full Year Fiscal 2025 Outlook Updated Previous for the fifth year running Rev
Slide 29: Selected Financial Metrics
Selected Financial Metrics 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 pr
Slide 30: Reconciliation Tables
Reconciliation Tables Information Security Level 0 – Public. © 2025 – Proprietary & Confidential 30 30 Information Security Level 2 – Sensitive. © 2025 – Proprietary & Confidential Information of Amdocs Information of Amdocs
Slide 31: Reconciliation Tables
Reconciliation Tables Information Security Level 0 – Public. © 2025 – Proprietary & Confidential 31 31 Information Security Level 2 – Sensitive. © 2025 – Proprietary & Confidential Information of Amdocs Information of Amdocs
Slide 32: Thank You
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