Amdocs Ltd at Stifel Cross Sector Insight Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Shlomo Rosenbaum - - Analyst : Okay, great. And can you touch a little bit on -- you did two largest clients that you have. You do T-Mobile, AT&T, can you talk about how those contracts have evolved over time, the expansions of those contracts and you recently had an expansion AT&T contract and then involved, I think, some of the unique capabilities that you did with the recent acquisition. Maybe you could talk about how you're operating there and what you're able to do across the communications industry that others cannot do?

Question: Shlomo Rosenbaum - - Analyst : Great. Thank you very much. Can you talk a little bit about how the macro environment impacts Amdocs? And you talked about you have managed services is a large component of the business, mission critical. So obviously, there's a lot that -- there's a lot of the business that is just repeatable, but there is a part that we -- you talked about last year that the macro downturn -- clients are a little more hesitant to invest in their legacy applications. Maybe you could just talk a little bit about how that works and how we should think about that going forward.

Question: Shlomo Rosenbaum - - Analyst : So help me out a little bit. Just when I think about this, we had this -- and you had tough comps going on that will end up happening through, say, I guess the summer, right? Where you started to notice that in the middle of last year and has kind of flowed through the June quarter. Once you get past that and we're at a steady state, do you end up with a naturally better growth rate because you've already comped on that or is it that things are just slow -- they're slow and you kind of settled in at a kind of (multiple speakers)

Question: Shlomo Rosenbaum - - Analyst : And is the new business coming through -- that I understand the legacy kind of took a step down. Is the new business coming through at the pace that you were expecting? Or is there any change in the new businesses and (multiple speakers)

Question: Shlomo Rosenbaum - - Analyst : It was going to be my next lead in. Maybe let me ask that question. (multiple speakers) I was going to ask you where are the major investments in generative AI and talk about the part that's revenue generating or client facing and what you're doing both internally, and just give us a broad base and maybe a couple of examples.

Question: Shlomo Rosenbaum - - Analyst : And what about the investment from you guys? How much -- is there any step-up there we're going to have to expect in terms of all these efforts in AI now (multiple speakers)

Question: Shlomo Rosenbaum - - Analyst : Just want to make sure if anyone wants to ask any questions. I give them a chance to -- see someone in the audience who might know something of a company -- okay. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 04, 2024 / 12:00PM, DOX.OQ - Amdocs Ltd at Stifel Cross Sector Insight Conference Unidentified Participant (Inaudible - microphone inaccessible)

Question: Shlomo Rosenbaum - - Analyst : Thank you very much. I want to thank everyone for coming. And I want to thank Shuky.