Amdocs Plunges About 45% After Weak Forecast and Dispute with T-Mobile

In depth

Amdocs shares plunged about 44% in late trading on Wall Street, after the company forecast a 14%-18% decline in revenue for fiscal 2027. According to TheMarker, in the quarter that ended at the end of September, the company had revenue of $1.19 billion, compared with $1.15 billion in the corresponding quarter.

The decline is attributed to the dispute with T-Mobile, which accounts for about 20% of Amdocs' revenue according to TheMarker and Calcalist. According to Walla, the parties are levelling breach-of-contract claims against each other.

In parallel, Amdocs announced the acquisition of EIS for $340 million. According to Globes, former CEO Shuki Sheffer sold company shares worth $22 million in the months before the plunge.