Amdocs expands Amdocs Digital Services capabilities with the aim of assisting and accelerating communications service provider and media organization cloud journeys. Futurum’s Ron Westfall assesses why Amdocs Digital Services expansion, including the recent acquisition of cloud services specialist DevOpsGroup, aligns with increasing use of professional services by organizations to advance their cloud journeys and puts competitive pressure on rivals to up their DevSecOps credentials.
Amdocs acquires Sourced Group for its cloud migration platform and expertise, burnishing its overall cloud native portfolio. Futurum’s Ron Westfall assesses how the acquisition boosts Amdocs’s cloud native products and cloud support proposition across the telecommunications, media, and financial services verticals as well as market presence in the Asia-Pacific, North America, and Oceania regions, especially in supporting multi-cloud migration strategies.
Amdocs’s acquisition of Openet augments its cloud-native credentials, especially in the 5G policy, charging, and data management domains. The deal also helps diversify Amdocs’ revenue streams, particularly in light of T-Mobile’s consolidation of the Sprint assets. Now Amdocs needs to acquire more robust cloud assets in order to fulfill the strategic business objectives of the CSPs as they build-out their hybrid cloud and multi-cloud implementations in the 5G world.
Amdocs earnings report showcases the company’s digital transformation acumen and robust Q2 2019 Financials—proving naysayers wrong.