NEW YORK, May 28, 2026, 19:07 EDT
- Amdocs last traded at $61.65, up 0.6%. The company’s market cap comes in around $7.15 billion.
- Amdocs reported $1.172 billion in second-quarter revenue and diluted earnings of $1.28 per share, according to a May 26 filing.
- Nasdaq Composite ended up 0.91%, hitting a new record close and lending some strength to software and services names.
Amdocs Limited shares were up Thursday, keeping a small gain. The software and services company filed its latest quarterly results this week and saw investors in New York.
Amdocs didn’t see a big move. The stock trades between a record Nasdaq jump and doubts over telecom spending. Investors are watching a CFO change and what AI demand could mean for a business that sells software to communications companies.
Amdocs shares were recently at $61.65, rising 36 cents, or 0.6%. The stock moved between $61.42 and $62.30 on volume of around 908,000 shares, market data showed.
Amdocs reported revenue of $1.172 billion for the quarter ended March 31, according to its May 26 Form 6-K filing. That’s up from $1.128 billion in the same period last year. Net income dropped to $138.8 million from $164.0 million. Diluted EPS was down at $1.28, compared to $1.45 a year ago.
Amdocs posted its results May 13, showing revenue up 3.9% on a reported basis. Revenue climbed 2.2% in constant currency, which removes the impact of exchange rates to show the real sales trend. The company sells software and services to the communications and media sector.
Amdocs posted non-GAAP diluted earnings of $1.78 per share. Free cash flow was $80 million. The company bought back $138 million in ordinary shares for the quarter.
CEO Shimie Hortig said the company delivered “solid Q2 results,” pointing to early signs of commercial interest in its agentic operating system, aOS, for telecom. CFO Tamar Rapaport-Dagim called “project delivery continued as a defining strength,” noting milestones reached with AT&T, Vodafone Germany, and other clients.
Amdocs gave revenue guidance for its fiscal third quarter at $1.155 billion to $1.195 billion, with non-GAAP diluted EPS projected between $1.81 and $1.87. Looking at the full year, the company said it expects reported revenue growth in the range of 2.6% to 4.6%, and constant-currency growth of 2.0% to 4.0%.
Busy few days for investors. Amdocs held meetings with investors at TD Cowen’s technology, media and telecom event on Wednesday. The company is set for more meetings at Stifel’s Boston Cross Sector Conference on June 2 and Bank of America’s Global Technology Conference on June 3. Incoming CFO Tal Rozenfeld is on the list for Stifel.
The stock rose but lagged some other services names. Cognizant Technology Solutions climbed 1.3%. Accenture added 1.1%. Investors stayed buyers in some of the enterprise tech services group.
Tape was strong. Reuters said the S&P 500 and Nasdaq closed at all-time highs after draft news of a U.S.-Iran ceasefire extension came out. Markets also took in the latest inflation numbers and a downward revision to Q1 U.S. GDP. The Nasdaq added 242.74 points to finish at 26,917.47.
Stocks aren’t showing much reaction to risks, Jitania Kandhari, deputy CIO for solutions and multi-assets at Morgan Stanley Investment Management, told Reuters. She pointed to steady earnings and the global economy. Jamie Cox of Harris Financial Group described traders as being on a “hair trigger” when it comes to deal headlines. Reuters
But things could still change. Amdocs said its outlook counts on no big drop in the economy, warning about risks from geopolitics, inflation, trade rules, how customers spend, and how well it rolls out artificial intelligence and generative AI. If telecom clients pull back on spending, or if the CFO handoff to Rozenfeld on June 1 goes poorly, investors may have less reason to stay with the stock.
