Economy
Amdocs shares plunge in after-hours trading on weak outlook
Amdocs shares fell about 45% in after-hours trading, according to the morning report, following a weak fiscal 2027 outlook. The background is a dispute with T-Mobile involving mutual allegations of contract breaches. The company also presented an eight-year AT&T agreement and an entry into insurance. The figure refers to after-hours trading, not a live price. Amdocs, illustrative archive photo: Getty Images.
· Sources: Walla; Amdocs official announcement. Amdocs, illustrative archive photo: Getty Images.
Amdocs shares fell about 45% in after-hours trading, according to a morning report, after a weak fiscal 2027 outlook amid a dispute with customer T-Mobile.
According to Walla's financial report, each company accuses the other of breaching agreements, and Amdocs incorporated possible termination into its outlook. These are opposing claims in a commercial dispute, not a judicial finding of liability.
In its official announcement, Amdocs presented annual revenue of $4.70 billion, an eight-year strategic AT&T agreement and an entry into insurance through the acquisition of EIS. The reported share decline refers to after-hours trading, not a live market quote.
Source: Walla
