Amdocs Limited (DOX Quick QuoteDOX - Free Report) recently announced that Vodafone Turkey has selected it to transform and automate testing processes. Per the three-year contract, the Chesterfield-based company will provide end-to-end quality engineering services in-line with the telecommunication company’s group-wide Tech 2025 modernization journey.
Amdocs will offer Testing Centre of Excellence, a centralized testing platform to optimize resource utilization for testing processes, to Vodafone Turkey that will enable it to establish a next-generation quality engineering organization. The Agile/DevTestOps ‘shift-left’ approach will ensure faster time to market and increased productivity for the telecom major.
Amdocs will also provide its open-source automation framework — Ginger — for continuous integration/continuous deployment (“CI/CD”) implementations. The collaboration will make operations efficient and improve Vodafone Turkey’s customer experiences. It will aid the Istanbul-based company to realize its digitization vision as well.
The company has been collaborating with major telecom players globally to strengthen its position in the market. Concurrently, the company has been improving its operating portfolio with the addition of innovative products to its other segments as well. The acquisition of Openet in August 2020 is worth mentioning in this regard. The buyout facilitated the company’s clients’ technological transition into the 5G environment, thereby expanding its 5G global footprint.
One of its latest deal wins includes Tier 1 service provider in Spain. In October 2021, it partnered with VEON to deliver innovative digital services to Uzbekistan and Kazakhstan customers. Such deals help the company drive its top-line growth. Extension of managed services agreements with several customers, including Vodafone Hungary, and partnerships with Capita plc to provide digital business systems are acting as tailwinds.
However, the company is highly susceptible to foreign currency exchange rate risk. It expects foreign-exchange fluctuations to continue impacting net interest and other expense lines on a quarterly basis. Economic and political uncertainty remains an overhang on Amdocs’ financials.
 
Zacks Rank Stocks to Consider
Amdocs currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the broader computer and technology sector include the largest global Customer Relationship Management vendor Salesforce (CRM Quick QuoteCRM - Free Report) and Hewlett Packard (HPE Quick QuoteHPE - Free Report) , both flaunting a Zacks Rank #1 (Strong Buy), and Advanced Micro Devices (AMD Quick QuoteAMD - Free Report) carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Source: Zacks.com

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