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.
Revenue totaled $1.13 billion, reflecting a 9.4% YoY decline due to the phase-out of non-core business, but grew 4.0% on a pro forma constant currency basis.
GAAP net income reached $164 million and GAAP EPS was $1.45, both above expectations.
Free cash flow was $156 million, with solid cash collections supporting operations.
Managed services revenue hit a record $747 million, comprising 66% of total revenue.
Amdocs reiterated its pro forma constant currency revenue growth outlook for FY25, anticipating robust earnings and cash generation amid macroeconomic uncertainty.
Analyze how earnings announcements historically affect stock price performance