Report
Alex Zhao
EUR 101.80 For Business Accounts Only

Domain expertise and sticky customer base prepare Amdocs for solid growth.

Amdocs delivered third-quarter results for fiscal 2017 that are largely in line with our prior expectations. Total revenue grew 4% year over year, as the firm saw healthy demand in both North America and Europe. Non-GAAP operating margin was 17.3% in the quarter, on par with 17.2% in the year-ago period. We maintain our narrow moat rating for Amdocs, as we believe Amdocs remains a dominant player in the BSS/OSS market and should capitalize on several industry trends, such as a transition toward ...
Underlying
Amdocs Limited

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Alex Zhao

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