Amdocs Future Growth

Future criteria checks 3/6

Amdocs is forecast to grow earnings and revenue by 16% and 5.6% per annum respectively. EPS is expected to grow by 18.5% per annum. Return on equity is forecast to be 20.8% in 3 years.

Key information

16.0%

Earnings growth rate

18.5%

EPS growth rate

IT earnings growth	19.4%
Revenue growth rate	5.6%
Future return on equity	20.8%
Analyst coverage	Good
Last updated	01 Dec 2023

Recent future growth updates

Recent updates

An Intrinsic Calculation For Amdocs Limited (NASDAQ:DOX) Suggests It's 49% Undervalued

Aug 05

Amdocs (NASDAQ:DOX) Could Easily Take On More Debt

Jul 11

Unicard and Amdocs join hands for multi-modal ticketing for public transport users

Jun 29

Amdocs (NASDAQ:DOX) Has Some Way To Go To Become A Multi-Bagger

Jun 20

Amdocs: Strength In Cloud And 5G But A Hold After The Upside

Jun 01

Amdocs Limited's (NASDAQ:DOX) Intrinsic Value Is Potentially 94% Above Its Share Price

Apr 19

Is Amdocs (NASDAQ:DOX) Using Too Much Debt?

Mar 31

Amdocs: A While Before It Becomes Attractive

Mar 31

Amdocs (NASDAQ:DOX) Is Increasing Its Dividend To US$0.40

Mar 14

Amdocs' (NASDAQ:DOX) Returns Have Hit A Wall

Mar 08

Amdocs (NASDAQ:DOX) Is Increasing Its Dividend To US$0.40

Feb 19

Amdocs Boosts Dividend Another 10% - It's A Cash-Rich FCF Cow, Stock Is Cheap

Dec 22

Is Amdocs (NASDAQ:DOX) A Risky Investment?

Dec 20

Earnings and Revenue Growth Forecasts

NasdaqGS:DOX - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2026	5,772	N/A	900	1,119	3
9/30/2025	5,371	749	834	1,020	7
9/30/2024	5,099	664	752	837	7
9/30/2023	4,888	541	698	823	N/A
6/30/2023	4,811	568	587	767	N/A
3/31/2023	4,736	537	570	761	N/A
12/31/2022	4,658	546	432	636	N/A
9/30/2022	4,577	550	529	757	N/A
6/30/2022	4,498	544	533	740	N/A
3/31/2022	4,403	562	546	763	N/A
12/31/2021	4,307	522	495	713	N/A
9/30/2021	4,289	688	715	926	N/A
6/30/2021	4,254	699	721	931	N/A
3/31/2021	4,214	674	727	928	N/A
12/31/2020	4,213	682	714	911	N/A
9/30/2020	4,169	498	452	658	N/A
6/30/2020	4,146	485	487	667	N/A
3/31/2020	4,145	496	470	645	N/A
12/31/2019	4,117	494	551	711	N/A
9/30/2019	4,087	479	518	656	N/A
6/30/2019	4,059	402	420	558	N/A
3/31/2019	4,036	362	420	557	N/A
12/31/2018	4,009	339	285	502	N/A
9/30/2018	3,975	354	326	557	N/A
6/30/2018	3,952	417	409	641	N/A
3/31/2018	3,916	445	413	639	N/A
12/31/2017	3,890	456	489	633	N/A
9/30/2017	3,867	437	503	636	N/A
6/30/2017	3,828	425	N/A	590	N/A
3/31/2017	3,792	411	N/A	579	N/A
12/31/2016	3,751	406	N/A	589	N/A
9/30/2016	3,718	409	N/A	620	N/A
6/30/2016	3,704	405	N/A	674	N/A
3/31/2016	3,682	407	N/A	746	N/A
12/31/2015	3,659	416	N/A	763	N/A
9/30/2015	3,644	446	N/A	773	N/A
6/30/2015	3,617	456	N/A	759	N/A
3/31/2015	3,612	458	N/A	735	N/A
12/31/2014	3,606	452	N/A	731	N/A
9/30/2014	3,564	422	N/A	709	N/A
6/30/2014	3,509	411	N/A	748	N/A
3/31/2014	3,447	420	N/A	723	N/A
12/31/2013	3,384	415	N/A	712	N/A
9/30/2013	3,346	412	N/A	671	N/A
6/30/2013	3,323	422	N/A	591	N/A
3/31/2013	3,290	401	N/A	555	N/A
12/31/2012	3,266	398	N/A	510	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DOX's forecast earnings growth (16% per year) is above the savings rate (2.2%).

Earnings vs Market: DOX's earnings (16% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: DOX's earnings are forecast to grow, but not significantly.

Revenue vs Market: DOX's revenue (5.6% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: DOX's revenue (5.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DOX's Return on Equity is forecast to be high in 3 years time (20.8%)

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Amdocs Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Amdocs Limited Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2024

Amdocs Limited Provides Earnings Guidance for the Fourth Quarter of 2023

Price target increased by 7.3% to US$104

Amdocs Limited Provides Earnings Guidance for Second Quarter and Full Year of Fiscal 2023

Price target increased by 8.2% to US$101

Amdocs Limited Provides Earnings Guidance for the Full Year 2023

Recent updates

These 4 Measures Indicate That Amdocs (NASDAQ:DOX) Is Using Debt Safely

Amdocs Limited Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2024

Full year 2023 earnings: EPS misses analyst expectations

Amdocs Limited (NasdaqGS:DOX) acquired ProCom Consulting, Inc. for $37 million.

etisalat by& Selects Amdocs to Revolutionize Its In-Store Retail Experience with One of the World's First AI-Enabled Telco Autonomous Stores

Upcoming dividend of US$0.43 per share at 2.0% yield

Returns At Amdocs (NASDAQ:DOX) Appear To Be Weighed Down

These 4 Measures Indicate That Amdocs (NASDAQ:DOX) Is Using Debt Safely

Amdocs Limited Provides Earnings Guidance for the Fourth Quarter of 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations

Melon Digital Enhances its Digital Brands Suite with Amdocs eSIM Platform for a Fully Digital Customer Journey

Calculating The Intrinsic Value Of Amdocs Limited (NASDAQ:DOX)

Amdocs Limited (NasdaqGS:DOX) completed the acquisition of Service assurance business of TEOCO.

Amdocs Limited Unveils Next Generation Network Inventory Platform

Upcoming dividend of US$0.43 per share at 1.8% yield

Amdocs Launches AmAIz, a Cutting-Edge Enterprise-Grade Generative AI Framework, Set to Propel the Telecom Industry into the Gen AI Era

Amdocs (NASDAQ:DOX) Has Some Way To Go To Become A Multi-Bagger

Insider notifies of intention to sell stock

Price target increased by 7.3% to US$104

Amdocs (NASDAQ:DOX) Is Increasing Its Dividend To $0.435

Second quarter 2023 earnings released: EPS: US$1.24 (vs US$1.29 in 2Q 2022)

Amdocs Limited (NasdaqGS:DOX) agreed to acquire Service assurance business of TEOCO for $90 million.

Is Amdocs (NASDAQ:DOX) Using Too Much Debt?

CFO & COO notifies of intention to sell stock

CFO & COO notifies of intention to sell stock

A Look At The Fair Value Of Amdocs Limited (NASDAQ:DOX)

Upcoming dividend of US$0.43 per share at 1.9% yield

Now 20% undervalued

Slowing Rates Of Return At Amdocs (NASDAQ:DOX) Leave Little Room For Excitement

First quarter 2023 earnings: EPS misses analyst expectations

Amdocs Limited Approves Quarterly Dividend, Payable on April 28, 2023

Amdocs (NASDAQ:DOX) Is Increasing Its Dividend To $0.435

Now 21% undervalued

Amdocs Limited Provides Earnings Guidance for Second Quarter and Full Year of Fiscal 2023

Price target increased by 8.2% to US$101

Amdocs Reveals New Use Cases Developed in its Americas 5G Experience Lab in Dallas, Texas

Amdocs (NASDAQ:DOX) Could Easily Take On More Debt

Amdocs Limited Approves an Increase in the Dividend Rate Under the Company’s Quarterly Cash Dividend Program

Amdocs Limited, Annual General Meeting, Jan 27, 2023

Amdocs (NASDAQ:DOX) Will Pay A Larger Dividend Than Last Year At $0.395

Amdocs Limited Proposes Quarterly Dividend

Upcoming dividend of US$0.40 per share

Insider notifies of intention to sell stock

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Amdocs Limited Provides Earnings Guidance for the Full Year 2023

Insider notifies of intention to sell stock

Are Investors Undervaluing Amdocs Limited (NASDAQ:DOX) By 40%?

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Amdocs Limited Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2023

Amdocs (NASDAQ:DOX) Seems To Use Debt Rather Sparingly

Amdocs (NASDAQ:DOX) Has More To Do To Multiply In Value Going Forward

Upcoming dividend of US$0.40 per share

Amdocs Announces Industry’s First 5G-Native Charging Solution, Providing Flexibility Across Both It and Network

Amdocs: Sticky Business Model Enables Growth, Share Buybacks

An Intrinsic Calculation For Amdocs Limited (NASDAQ:DOX) Suggests It's 49% Undervalued

Third quarter 2022 earnings: Revenues in line with analyst expectations

Amdocs Limited Approves Quarterly Cash Dividend, Payable on October 28, 2022

Amdocs (NASDAQ:DOX) Could Easily Take On More Debt

Unicard and Amdocs join hands for multi-modal ticketing for public transport users

Upcoming dividend of US$0.40 per share

Amdocs (NASDAQ:DOX) Has Some Way To Go To Become A Multi-Bagger

Amdocs: Strength In Cloud And 5G But A Hold After The Upside

CFO & COO notifies of intention to sell stock

Amdocs Limited (NasdaqGS:DOX) agreed to acquire MYCOM (UK) Ltd for $188 million.

Amdocs Limited (NasdaqGS:DOX) agreed to acquire MYCOM (UK) Ltd for $188 million.

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Amdocs Limited Provides Earnings Guidance for the Third Quarter of 2022

Amdocs Limited's Vubiquity Unveils Metavu, Simplifying Metadata Aggregation and Industry Pain Points

Amdocs Limited's (NASDAQ:DOX) Intrinsic Value Is Potentially 94% Above Its Share Price