{"id":469803,"date":"2021-04-01T09:22:47","date_gmt":"2021-04-01T13:22:47","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469803"},"modified":"2021-04-01T09:22:47","modified_gmt":"2021-04-01T13:22:47","slug":"amdocs-responds-to-short-seller-report-containing-inaccurate-statements-groundless-claims-and-speculation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amdocs-responds-to-short-seller-report-containing-inaccurate-statements-groundless-claims-and-speculation\/","title":{"rendered":"Amdocs responds to short seller report containing inaccurate statements, groundless claims and speculation"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">ST. LOUIS, April  01, 2021  (GLOBE NEWSWIRE) &#8212; Amdocs Limited (NASDAQ: DOX) (\u201cAmdocs\u201d or the \u201cCompany\u201d), today commented on a short seller report published yesterday, March 31, 2021 by Jehoshaphat Research:<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:6%;width:6%;min-width:6%\">\u00a0<\/td>\n<td style=\"max-width:94%;width:94%;min-width:94%;vertical-align: top\">The report contains inaccurate statements, groundless claims and speculation that were designed to drive the stock price downwards to serve the short seller\u2019s interests to the detriment of Amdocs shareholders. We remain fully confident in our accounting and business practices. We caution shareholders from making investment decisions based on this report.<\/p>\n<p>Amdocs delivered record revenue of more than $4.2B for the full fiscal year 2020, with stable non-GAAP operating margins. Our financial outlook remains strong.<\/p>\n<p>Amdocs is well positioned to continue to benefit from secular trends driving customer demand for digital modernization solutions, particularly in the adoption of 5G technology and the journey to the cloud. We are continuously expanding our leading position with our key customers across the world and we are proud of our track record of meeting global customer commitments, building on our base of stable, recurring revenues and delivering shareholder value.<\/p>\n<p>We continue to communicate directly with our investors regarding the short seller\u2019s report and we will provide more detailed information next week.<\/td>\n<\/tr>\n<\/table>\n<p>\n        <strong>About\u00a0Amdocs<\/strong><br \/>\n        <br \/>Amdocs\u2019 purpose is to enrich lives and progress society, using creativity and technology to build a better connected world.\u00a0Amdocs\u00a0and its 26,000 employees partner with the leading players in the communications and media industry, enabling next-generation experiences in 85 countries. Our cloud-native, open and dynamic portfolio of digital solutions, platforms and services brings greater choice, faster time to market and flexibility, to better meet the evolving needs of our customers as they drive growth, transform and take their business to the cloud. Listed on the NASDAQ Global Select Market,\u00a0Amdocs\u00a0had revenue of\u00a0$4.2 billion\u00a0in fiscal 2020.<\/p>\n<p>For more information, visit Amdocs at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pfUBRvudHA1fPkID6f1lE9XlGGkGUJW2JDAqQswbkdv5Aq8nL8JTRnISB23k6PH7CSmT_R8dYK5L9pxkCKGivg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.amdocs.com<\/a>.<\/p>\n<p>\n        <strong>Forward looking statement <\/strong><br \/>\n        <br \/>This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs\u2019 growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, the duration and severity of the COVID-19 pandemic, and its impact on the global economy, Amdocs\u2019 ability to grow in the business markets that it serves, Amdocs\u2019 ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company\u2019s products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market.\u00a0Amdocs\u00a0may elect to update these forward-looking statements at some point in the future; however,\u00a0Amdocs\u00a0specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs\u2019 filings with the\u00a0Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended\u00a0September 30, 2020\u00a0filed on\u00a0December 14, 2020 and our Form 6-K furnished for the first quarter of fiscal 2021 on February 16, 2021.<\/p>\n<p>\n        <strong>Contact<\/strong>: <br \/>Matthew Smith<br \/>Head of Investor Relations<br \/>Amdocs<br \/>Tel: +1 (314) 212-8328<br \/>E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7emoJWXWfCG1FfZkMPntH_D2YfZaUiRX-IDIT6j4ib6zoz8TMluU06xFlhFF47q5JJe1cDNSBcLkwRqobYOT5d-LW-FKkgaypW5LNQn5oy0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">dox_info@amdocs.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDI5OCM0MTAyNTU4IzIwMjY4OTg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/fd3a1108-9143-435f-b073-f4d530028300\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ST. LOUIS, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Amdocs Limited (NASDAQ: DOX) (\u201cAmdocs\u201d or the \u201cCompany\u201d), today commented on a short seller report published yesterday, March 31, 2021 by Jehoshaphat Research: \u00a0 The report contains inaccurate statements, groundless claims and speculation that were designed to drive the stock price downwards to serve the short seller\u2019s interests to the detriment of Amdocs shareholders. We remain fully confident in our accounting and business practices. We caution shareholders from making investment decisions based on this report. Amdocs delivered record revenue of more than $4.2B for the full fiscal year 2020, with stable non-GAAP operating margins. Our financial outlook remains strong. Amdocs is well positioned to continue to benefit from secular trends driving customer &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/amdocs-responds-to-short-seller-report-containing-inaccurate-statements-groundless-claims-and-speculation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Amdocs responds to short seller report containing inaccurate statements, groundless claims and speculation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469803","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amdocs responds to short seller report containing inaccurate statements, groundless claims and speculation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/amdocs-responds-to-short-seller-report-containing-inaccurate-statements-groundless-claims-and-speculation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amdocs responds to short seller report containing inaccurate statements, groundless claims and speculation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ST. LOUIS, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Amdocs Limited (NASDAQ: DOX) (\u201cAmdocs\u201d or the \u201cCompany\u201d), today commented on a short seller report published yesterday, March 31, 2021 by Jehoshaphat Research: \u00a0 The report contains inaccurate statements, groundless claims and speculation that were designed to drive the stock price downwards to serve the short seller\u2019s interests to the detriment of Amdocs shareholders. We remain fully confident in our accounting and business practices. We caution shareholders from making investment decisions based on this report. Amdocs delivered record revenue of more than $4.2B for the full fiscal year 2020, with stable non-GAAP operating margins. Our financial outlook remains strong. 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LOUIS, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Amdocs Limited (NASDAQ: DOX) (\u201cAmdocs\u201d or the \u201cCompany\u201d), today commented on a short seller report published yesterday, March 31, 2021 by Jehoshaphat Research: \u00a0 The report contains inaccurate statements, groundless claims and speculation that were designed to drive the stock price downwards to serve the short seller\u2019s interests to the detriment of Amdocs shareholders. We remain fully confident in our accounting and business practices. We caution shareholders from making investment decisions based on this report. Amdocs delivered record revenue of more than $4.2B for the full fiscal year 2020, with stable non-GAAP operating margins. Our financial outlook remains strong. 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