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Amdocs reports modest revenue growth but strong gains in cloud services, making it a notable mid-cap tech stock.
Amdocs Limited, a tech company providing software and services for telecommunications and media industries, saw a mixed quarter with a net margin of 13.6% and modest overall revenue growth of 2.4%, but strong double-digit growth in cloud revenue, which now comprises 25% of total revenue.
Despite recent market challenges, the stock is highlighted as a strong mid-cap tech option, noted for its solid fundamentals and diversification benefits.
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Amdocs reporta un modesto crecimiento de los ingresos, pero fuertes ganancias en servicios en la nube, por lo que es un stock de tecnología de nivel medio notable.