), a leading provider of customer relationship management and
billing software to communications service providers, has been
selected by the U.S. telecom giant
) to provide billing solutions to AT&T's connected car
service, Drive Studio.
Amdocs' existing partnership with AT&T will help the telecom
giant to enhance its connected car services through proper
billing and improved customer relationship. Moreover, it will
allow AT&T to split its connectivity expenses.
Connectivity expenses mainly comprise navigation and
entertainment charges. Thus, offering a split billing methodology
to its subscribers will enable auto OEM's to deliver an array of
promotional services to its customers (free Internet music or
navigation for a year), thus driving subscriber growth going
A few months back, Amdocs won several major contracts, comprising
two in the emerging markets of Brazil and Indonesia and one in
the economically volatile Europe. Amdocs' business opportunity in
the U.S. is more visible after renewal of long-term contracts
with several leading telecom and cable TV operators like
). Moreover, it has signed a 5-year global managed services
Vodafone Group plc.
) which will help the carrier to optimize its customer care and
In the fourth quarter of 2013, Amdocs reported mixed financial
results with the top line lagging the Zacks Consensus Estimate
and the bottom line meeting the same. The company is performing
well in the North American market and the emerging markets of
Southeast Asia and Latin America.
Such a strong growth momentum coupled with continuous contract
wins has encouraged management to present a strong outlook for
fiscal 2014. For fiscal 2014, total revenue is expected to grow
4%-6% year over year while Non-GAAP earnings per share are
projected to rise 6%-9% year over year.
COMCAST CORP A (CMCSA): Free Stock Analysis
AMDOCS LTD (DOX): Free Stock Analysis Report
AT&T INC (T): Free Stock Analysis Report
VODAFONE GP PLC (VOD): Free Stock Analysis
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Amdocs currently has a Zacks Rank #3 (Hold).