Amdocs Limited (NASDAQ: DOX) Investor Investigation Over Possible Violations Of Securities Laws

Investors who purchased shares of Amdocs Limited (NASDAQ: DOX), have certain options and should contact the Shareholders Foundation, Inc.

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An investigation on behalf of investors of Amdocs Limited (NASDAQ: DOX) shares over potential securities laws violations by Amdocs Limited and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Amdocs Limited (NASDAQ: DOX) concerning whether a series of statements by Amdocs Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Chesterfield, MO based Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. Amdocs Limited reported that its Total Revenue rose from over $3.86 billion for the 12 months period that ended on September 30, 2017 to over $3.97 billion for the 12 months period that ended on September 30, 2018.

On January 23, 2019, Spruce Point Capital Management issued a report alleging how Amdocs has “engineered superficial top and bottom-line growth” through “opaque M&A, aggressive percentage-of-completion accounting, software cost capitalization, and repeated one-off net tax benefits.”

Shares of Amdocs Limited (NASDAQ: DOX) declined from $70.04 per share in June 2018 to as low as $52.60 per share on January 23, 2019.