Amdocs CEO: 2027 will be "financially challenging," but "a year of strategic transition"...

Amdocs CEO Shimie Hortig stated that fiscal 2027 will be financially challenging but a year of strategic transition. The company anticipates falling revenue, increased debt, and reduced share buybacks during this period.

Growth is expected to resume in fiscal 2028. Following the announcement, Amdocs shares fell 44% in after-hours trading.