Management ChangeMay 14, 2026, 06:11 AM
Amdocs CFO Retires, Successor Appointed; Q2 Revenue $1.17B, up 3.9%
AI Summary
Amdocs Limited reported strong second quarter fiscal 2026 results, with revenue of $1.17 billion, up 3.9% year-over-year, exceeding the midpoint of its guidance range. Non-GAAP diluted EPS was $1.78, also above guidance. The company announced the retirement of long-serving CFO and COO Tamar Rapaport-Dagim, with Tal Rozenfeld appointed as her successor effective June 1, 2026. Amdocs tightened its fiscal 2026 revenue growth outlook while reiterating the midpoint and maintained its full-year free cash flow guidance, demonstrating continued operational execution despite a decline in GAAP operating income.
Key Highlights
- Tamar Rapaport-Dagim to retire as CFO/COO; Tal Rozenfeld appointed CFO effective June 1, 2026.
- Q2 fiscal 2026 revenue reached $1.17 billion, up 3.9% YoY (2.2% constant currency).
- Non-GAAP diluted EPS was $1.78, above the guidance midpoint.
- Managed services revenue was $759 million, representing 65% of total revenue, up 1.6%.
- Record revenue in Europe of $192 million, up 6.2%; North America revenue $754 million, up 2.2%.
- Repurchased $138 million of ordinary shares during Q2 fiscal 2026.
- Tightened fiscal 2026 revenue growth outlook to 2.6%-4.6% YoY (2.0%-4.0% constant currency).
- Reiterated full-year fiscal 2026 free cash flow outlook of $710-$730 million.