Amdocs delivered solid Q1 FY2026 performance with revenue of $1.16 billion, year-over-year growth above 4%, improved operating margins, and strong free cash flow generation.

Amdocs faced a decline in revenue due to the phase-out of certain business activities, but exceeded EPS expectations and improved margins through cost optimization and higher managed services share.

Amdocs delivered robust third-quarter fiscal 2025 results, with revenue reaching $1.14 billion, surpassing the midpoint of its guidance. The company saw record revenue in Europe and achieved a record performance in managed services, which accounted for approximately 67% of total revenue. GAAP diluted EPS was $1.39, and non-GAAP diluted EPS was $1.72, both exceeding guidance ranges. Operating income and free cash flow also showed strong year-over-year growth.

In Q2 2025, Amdocs generated $1.13 billion in revenue, down 9.4% as reported but up 4.0% on a pro forma constant currency basis. The company posted strong profitability and record managed services revenue, despite macroeconomic challenges.