Amdocs Ltd. 20-F Filing: Acquisitions and Dividend Update

TL;DR

Amdocs 20-F filed: two acquisitions done, dividend boosted. Check financials.

AI Summary

Amdocs Ltd. filed its 20-F report for the fiscal year ending September 30, 2024. The company's fiscal year runs from October 1st to September 30th. Amdocs completed two business acquisitions in December 2019 and December 2022. The filing also mentions a dividend increase announced on November 12, 2024.

Why It Matters

This filing provides a comprehensive overview of Amdocs' financial performance and strategic activities, including acquisitions and dividend policies, which are crucial for investors to assess the company's health and future prospects.

Risk Assessment

Risk Level: medium — The filing details customer concentration risk and mentions restructuring plans, indicating potential operational and financial challenges.

Key Numbers

• 2 — Acquisitions (Completed in December 2019 and December 2022.)
• 2024-09-30 — Fiscal Year End (The reporting period for this 20-F filing.)
• 2024-12-17 — Filing Date (The date this 20-F was submitted to the SEC.)

Key Players & Entities

• Amdocs Ltd. (company) — Filer
• 0000950170-24-137381 (accession_number) — Filing identifier
• 2024-09-30 (date) — Fiscal year end
• 2024-12-17 (date) — Filing date
• 0001062579 (cik) — Central Index Key
• 7371 (sic_code) — Standard Industrial Classification
• Guernsey (location) — Incorporation and business address
• 2019-12 (date) — Acquisition date
• 2022-12 (date) — Acquisition date
• 2024-11-12 (date) — Dividend announcement date

FAQ

Filing Documents

• dox-20240930.htm (20-F) — 4220KB
• dox-ex2.htm (EX-2) — 16KB
• dox-ex4_a7.htm (EX-4.A(7)) — 295KB
• dox-ex4_c.htm (EX-4.C) — 1478KB
• dox-ex8.htm (EX-8) — 15KB
• dox-ex11_1.htm (EX-11.1) — 65KB
• dox-ex12_1.htm (EX-12.1) — 9KB
• dox-ex12_2.htm (EX-12.2) — 9KB
• dox-ex13_1.htm (EX-13.1) — 5KB
• dox-ex13_2.htm (EX-13.2) — 5KB
• dox-ex14_1.htm (EX-14.1) — 11KB
• 0000950170-24-137381.txt ( ) — 19226KB
• dox-20240930.xsd (EX-101.SCH) — 1891KB
• dox-20240930_htm.xml (XML) — 3712KB

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 57 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 57 PART II 58 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 58 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 58 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 58 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 58 ITEM 16B. CODE OF ETHICS 58 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 59 ITEM 16D. EXEMPTION FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 59 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 60 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 60 ITEM 16G. CORPORATE GOVERNANCE 60 ITEM 16H. MINE SAFETY DISCLOSURE 60 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTION THAT PREVENT INSPECTION 60 ITEM 16J. INSIDER TRADING POLICIES 61 ITEM 16K. CYBERSECURITY 61 PART III 63 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 63 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 63 ITEM 19. EXHIBITS 63 Unless the context otherwise requires, all references in this Annual Report on Form 20-F to "Amdocs," "we," "our," "us" and the "Company" refer to Amdocs Limited and its consolidated subsidiaries and their respective predecessors, and references to our software products refer to current and subsequent versions. Our consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States, or U.S. GAAP, and are expressed in U.S. dollars. References to "dollars" or "$" are to U.S. dollars. Our fiscal year ends on September 30 of each calendar year. References to any specific fiscal year refer to the year ended September 30 of the calendar year specified. For example, we refer to the fiscal year ending September 30, 2024 as "fiscal 2024" or "fiscal year 2024." We own, have rights to or use trademarks or trade names in conjunction with the sale of our products and services, including Amdocs , CES and Make it Amazing , among others.

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 20-F contains forward-looking statements (within the meaning of the United States federal securities laws) that involve substantial risks and uncertainties. You can identify these forward-looking statements by words such as "expect," "anticipate," "believe," "seek," "estimate," "project," "forecast," "continue," "potential," "should," "would," "could," "intend" and "may," and other words that convey uncertainty of future events or outcome. Statements that we make in this Annual Report that are not statements of historical fact also may be forward-looking statements. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control. You should not place undue reliance on forward-looking statements. Although we may elect to update forward-looking statements in the future, we disclaim any obligation to do so, even if our assumptions and projections change, except where applicable law may otherwise require us to do so. Readers should not rely on those forward-looking statements as representing our views as of any date subsequent to the date of this Annual Report on Form 20-F. Important factors that may affect these projections or expectations include, but are not limited to: the effects of macro-economic conditions, prevailing level of macro-economic, business, and operational uncertainty, including as a result of geopolitical events or other global or regional events or pandemics, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spendi

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable.

KEY INFORMATION Risk Factors

ITEM 3. KEY INFORMATION Risk Factors Risks Related to Our Business and Industry We are exposed to general global economic and market conditions, particularly those impacting the communications industry. We provide software and services primarily to service providers in the communications industry, and our business is therefore highly dependent upon conditions in that industry. Developments in the communications industry, such as the impact of global economic conditions, industry consolidation, emergence of new competitors, commoditization of voice, video and data services and changes in the regulatory environment, at times have had, and could continue to have, a material adverse effect on our existing or potential customers. These conditions have reduced, and may continue to reduce, the growth rates that the communications industry had previously experienced and caused the market value, financial results and prospects and capital spending levels of many communications companies to decline or degrade. Industry consolidation involving our customers, which has been significant in recent years, may place us at risk of losing business to the incumbent provider to one of the parties to the consolidation or to new competitors. During previous economic downturns, the communications industry experienced significant financial pressures that caused many in the industry to cut expenses and limit investment in capital intensive projects and, in some cases, led to restructurings and bankruptcies. Continuing uncertainty as to the pace of economic recovery following such economic downturns may have adverse consequences for our customers and our business. Downturns in the business climate for communications companies have in the past resulted, and may in the future result, in slower customer buying decisions and price pressures that adversely affected, and may continue to adversely affect, our ability to generate revenue. The current macro-economic conditions, including as a

View Full Filing

View this 20-F filing on SEC EDGAR