Revenue Growth Above Guidance
Revenue of $1.13 billion was above the midpoint of guidance and increased by 4% from a year ago in pro forma constant currency.
Improved Profitability
Profitability improved by 10 basis points sequentially, reflecting ongoing internal efficiency gains.
Strong Free Cash Flow
Generated robust free cash flow of $181 million, excluding restructuring-related payments, supported by healthy customer cash collection.
12-Month Backlog Increase
Closed the second quarter with a 12-month backlog of $4.17 billion, up by 3.5% pro forma from a year ago.
Managed Services Record
Delivered another record quarter in managed services, which contributed roughly two-thirds of total revenue.
Cloud and AI Initiatives
Continued strong sales momentum in cloud and announced major cloud projects with Microsoft and other leading operators.
AI and GenAI Advancements
Amdocs' amAIz platform and collaboration with NVIDIA highlighted as significant advancements, with multiple PoCs in advanced stages.
Share Repurchase Authorization
Board authorized a new share repurchase plan of $1 billion, with $1.26 billion of remaining repurchase authority as of March 31.