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JERSEY CITY, NJ - Amdocs (NASDAQ:DOX), a $10 billion market cap provider of software and services to communication and media companies with a "GOOD" financial health rating according to InvestingPro, has announced the launch of new AI-driven network agents as part of its amAIz Suite, aimed at enhancing network design, planning, and operations for service providers. The announcement was made on Tuesday, revealing the collaboration with NVIDIA and Amazon Web Services (AWS) to integrate advanced AI and cloud technologies into network operations. The company, which maintains low price volatility and trades near its 52-week high of $93.34, continues to demonstrate strong market positioning.
The newly unveiled Network Deployment Agent utilizes Amdocs’ Network Analytics and Optimization platform and NVIDIA’s Aerial Omniverse Digital Twin platform. This combination allows network operators to simulate and optimize network scenarios, streamline deployment, and improve customer experience through better service quality and minimized disruptions.
In parallel, the Network Operations Agent employs Amdocs’ Intelligent Networking Suite alongside NVIDIA NeMo and NIM microservices, as well as AWS data analytics tools, to expedite issue identification and resolution within network services. The agent is designed to predict potential service degradations and recommend proactive measures to maintain network integrity.
Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs, emphasized the critical nature of network operations and the transformative potential of the amAIz Network Agents. He highlighted the combined capabilities of AWS’s cloud infrastructure, Amdocs’ network systems, and NVIDIA’s AI platforms in delivering enhanced customer experiences and operational efficiency.
Amdocs, which reported a revenue of $5.00 billion in fiscal 2024, continues to focus on enabling service providers to migrate to the cloud, differentiate in the 5G era, and digitalize and automate operations.
The information in this article is based on a press release statement from Amdocs.
In other recent news, Amdocs reported its first-quarter 2024 earnings, surpassing Wall Street expectations with an earnings per share (EPS) of $1.66, slightly above the forecasted $1.64. The company achieved a revenue of $1.11 billion, aligning with its projections. Amdocs also launched the AI Factory, aiming to help service providers monetize generative AI technologies, supported by partnerships with NVIDIA and Dell. In collaboration with Google Cloud, Amdocs introduced the Network AIOps solution to automate 5G network operations, leveraging AI for predictive maintenance and operational efficiency. The company received industry recognition as a leader in telecom software and services, with Analysys Mason and GlobalData acknowledging its market-leading position in monetization platforms and revenue management. Amdocs continues to strengthen its portfolio by securing managed services contracts with major clients like AT&T and T-Mobile. The company is optimistic about future growth, with a projected full-year revenue increase between 1% and 4.5% on a pro forma constant currency basis.
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