Amdocs Limited Reports Fourth Quarter & Fiscal Year 2024 Results
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Amdocs Limited reported record fiscal 2024 revenue of $5 billion, a 2.4% increase YoY. The company plans to phase out non-core, low-margin activities, expecting a revenue decline in fiscal 2025. A 10% increase in quarterly dividends was approved.
November 12, 2024 | 9:15 pm
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Amdocs Limited reported record fiscal 2024 revenue of $5 billion, up 2.4% YoY. The company plans to phase out non-core, low-margin activities, which may lead to a revenue decline in fiscal 2025. A 10% increase in quarterly dividends was approved.
Amdocs reported strong fiscal 2024 results with record revenue, but the outlook for fiscal 2025 indicates a potential revenue decline due to phasing out non-core activities. The dividend increase is a positive signal for shareholders, but the mixed outlook may result in a neutral short-term impact on the stock price.
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