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Amdocs (DOX) & Unicard to Offer Integrated Ticketing Solution

Zacks Equity Research
·3-min read

Amdocs Limited DOX recently announced that it has collaborated with Unicard, a smart transport solutions provider, to provide an integrated ticketing solution to public transport passengers.

By integrating Unicard's account-based ticketing system, Amdocs will develop a multi-modal "tap-in, tap-out" ticketing solution on its automated cloud-native payment platform. This will accelerate the use of sustainable forms of transport among passengers while averting real-time payment and charging updates. The multi-modal solution, configurable to multi-operator ticketing, can be utilized for switching different modes of travel like bus, rail, tram or micromobility services such as dockless bikes and electric scooters.

Unicard offers industry-leading secure ticketing, identity, payments and data management solutions to the local authorities, Future Transport Zones and commercial transport operators in the U.K. Unicard's account-based ticketing system features contactless travel emphasizing the use of tokens as smart tickets, smart cards, and digital wallets or mobile applications.

Amdocs' payment platform is part of the Amdocs Digital Brands Suite software-as-a-service (SaaS) solution, which runs on Amazon's AMZN cloud platform, Amazon Web Services. The SaaS solution offers a digital native experience to the businesses ensuring high speed, accuracy, flexibility and scalability in a reduced IT and operation cost structure. This ensures fast adoption and integration of frictionless mobility and transport service providers in the latest release.

Amdocs Limited Price and Consensus

Amdocs Limited Price and Consensus
Amdocs Limited Price and Consensus

Amdocs Limited price-consensus-chart | Amdocs Limited Quote

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The newly built solution, presented by the duo at the Transport Ticketing Global 2022, will be launched in the U.K. first.

Currently, Amdocs' growth momentum is anticipated to continue, courtesy of its initiatives aimed at aiding digital, media, and network and cloud transformations of its clients. The company is expanding its global client base by signing long-term contracts and collaborating with major telecom industry players worldwide. It is winning important deals like the one with Veon and a Tier 1 service provider in Spain. These developments will aid Amdocs in driving its top line.

Zacks Rank & Other Stocks to Consider

Amdocs currently carries a Zacks Rank #2 (Buy), while Amazon carries a Zacks Rank #3 (Hold). Shares of DOX have climbed 6.3%, while that of AMZN have plunged 39.5% in the past year.

Some better-ranked stocks from the broader Computer and Technology sector are Axcelis Technologies ACLS and Baidu BIDU. While Axcelis currently flaunts a Zacks Rank #1 (Strong Buy), Baidu carries a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Axcelis' second-quarter fiscal 2022 earnings has been revised 3 cents northward to 99 cents per share over the past 60 days. For 2022, earnings estimates have moved 10.3% north to $4.40 per share in the past 60 days.

Axcelis' earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 23.5%. Shares of ACLS have surged 38.8% in the past year.

The Zacks Consensus Estimate for Baidu's second-quarter 2022 earnings has been revised 2 cents southward to $1.38 per share over the past 30 days. For 2022, earnings estimates have moved 74 cents north to $8.27 per share in the past 30 days.

Baidu's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 52.9%. Shares of BIDU have fallen 24.4% in the past year.


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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 
Amdocs Limited (DOX) : Free Stock Analysis Report
 
Baidu, Inc. (BIDU) : Free Stock Analysis Report
 
Axcelis Technologies, Inc. (ACLS) : Free Stock Analysis Report
 
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