Under a cloud transformation and managed services agreement, which involves the migration of NTT InfraNet's IT operations systems to the cloud, the Japanese infrastructure specialist will be able to drive efficiency, introduce cost savings and enhance its business capabilities

JERSEY CITY, NJ / ACCESSWIRE / February 6, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that it has signed a managed services agreement with NTT Infrastructure Network Corporation (NTT InfraNet), a Japanese information and communication infrastructure specialist in the NTT Group, to modernize and migrate its IT operations systems to the cloud. The modernization program will enable NTT InfraNet to make significant cost savings, increase productivity, positioning it to be future-ready and equipped with enhanced business capabilities.

As part of the agreement, Amdocs will provide a comprehensive cloud platform, migrate NTT InfraNet's legacy IT systems to the cloud, and provide cloud security and operations services using the highly automated cloud management capabilities. The transformation journey will also help NTT InfraNet optimize its vendor ecosystem, providing the company with greater flexibility and capacity to support future growth.

"Moving to the cloud aligns with our vision of strengthening core businesses and creating new ones. This will also help us reduce IT operations costs, gain development agility, improve security and foster better visibility," said Takashi Kato,Member of the Board - NTT InfraNet. "With this collaboration with Amdocs, we aim to transform our operational landscape and build a cost-effective streamlined vendor ecosystem."

"We are thrilled to extend our relationship with NTT Infranet as they evolve their business and build a future-ready infrastructure," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "By designing a cloud strategy based on their unique needs and adopting industry-tailored GenAI capabilities, NTT Infranet will be able to operate more efficiently and deliver better experiences for their customers."

Amdocs will showcase its ongoing innovation at the Mobile World Congress Barcelona, February 26-29, 2024.

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About Amdocs

Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers' innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our approximately 29,000 employees around the globe are here to accelerate service providers' migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.89 billion in fiscal 2023. For more information, visit www.amdocs.com

Amdocs' Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macro-economic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other global or regional events such as the recent attacks in Israel and evolving conflict and the COVID-19 pandemic, as well as the current inflationary environment, and the effects of these conditions on the company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the company's customers, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the company's offerings and operations and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2023 filed on December 13, 2023.

Media Contacts

Swati Sharma
Amdocs Public Relations
E-mail: swati.sharma4@amdocs.com

SOURCE: Amdocs Management Limited