Amdocs Limited

Thank you for standing by and welcome to the Amdoc's second quarter 2026 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you'll need to press star 1-1 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 1-1 again. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Matt Smith, Head of Investor Relations. Please go ahead, sir.

Thank you, John. Before we begin, I need to call your attention to our disclaimer statement on slide two of the presentation. It notes that some of our comments today may be forward-looking statements and are subject to risks, uncertainties, and other important factors, including as described in Amdoxy's SEC filings, and that we will discuss certain financial information that is not prepared in accordance with GAAP For more information regarding our use of non-GAAP financial measures, including reconciliations of these measures, we refer you to today's earnings release, which will also be furnished with the SEC on Form 6-K. Participating on the call with me today are Shumi Hortig, President and Chief Executive Officer of Amdocs Management Limited, and Tamar Rappaport Digim, Chief Financial and Operating Officer. To support today's earnings call, We are providing a presentation which can be found on the investor relations section of our website. And as always, a copy of today's prepared remarks will also be posted immediately following the conclusion of this call. On today's agenda, Shemi will recap our business and financial achievements for the second fiscal quarter 2026. And he'll also present his vision as Amdox's new CEO for the agentic era. Shemi will finish by addressing our financial and business outlook, after which Tamar will provide additional details on our second quarter financial performance and guidance for the full fiscal year 2026. So with that, I'll turn it over to Shirini.

Thank you, Matt, and good afternoon to everyone joining us today for MZOX fiscal second quarter 2026 earnings call. I'm pleased to join you today live from our MZOX New Jersey. I talked to you in February. I talked about my excitement to lead MZOX in its next chapter. Several weeks into the CEO role, and after spending more time with our customers, partners, and global teams, I'm even more excited and convinced about the opportunity ahead of us. As laid out on slide six, today I will divide my comments into two parts. First, I will begin by laying out some initial thoughts on the future vision for Amsocks where we plan to become the primary partner of choice to our customers in their Argentic journey, leveraging our unique domain expertise and deep industry knowledge. From there, I will highlight the company's solid second quarter performance, including new deals we have won and the operations milestones achieved for our customers that reflect the strength and discipline of our global teams. To begin, On slide eight, I want to spend a few minutes sharing my initial view on how I'm thinking about MDocs in the agentic era. What is changing in our industry, what I believe MDocs is uniquely positioned to do, and my vision on how we plan to turn this opportunity into meaningful outcomes for our customers. The agentic era is an exciting opportunity for industry and for our customers. For communication service providers globally, the Argentic Revolution is a unique moment in time to fundamentally transform the IT and network ecosystems in a non-linear fashion. Simplifying complexity, rethinking critical workflows end-to-end, and unlocking the ability to accelerate the launch of new offerings. I strongly believe that Ambox is in the best position to lead our customers and turn this agentic opportunity into reality. Let me break down the reasons why. First, we have in Amdocs decades of deep industry knowledge and domain expertise. We have an industry context based on our telco taxonomy, ontology, and the core business workflows that will power the agentic era. This is our native language. Second, MDocs have strong engineering pedigree, a commitment to innovation, and a long history of leading our customers through major technological shifts. Third, we understand what it takes to design, build, deliver, and operate mission-critical systems. And we are therefore best placed to lead our customers through the complex agentic transformation. Fourth, we have always been and will continue to be an outcome-based company. Amdocs has long supported customers under long-term engagement committed to predefined KPIs, and this remains highly relevant as our customers look for measurable, Gen-AI-driven outcomes. To support this vision, our focus will be on the following areas highlighted on slide nine. We will evolve our product portfolio to be agentic and automated. Our portfolio is already moving in this direction with Amdocs AOS, our agentic operating system for telco. We will partner with each customer to design a tailored agentic roadmap. We recognize that every service provider has a unique baseline, and we will guide each to a fully agentic operation that unlocks meaningful value. We will also continue to work closely with leading AI and cloud partners to accelerate this vision, taking a strategic ecosystem approach in support of our customers' agentic journey. And we will accelerate our internal transformation to become a Gen-AI native organization. We are leading by example and deploying agentic technologies and capabilities across our own engineering, delivery, and operations. will adjust our way of working and become a more agile organization. This vision sets the foundation for a stronger future at Amdocs in the agentic era, one defined by a sharper technology focus and greater agility. It positions Amdocs to expand our addressable market in telco. It also presents a potential opportunity