Managed services revenue reached a record $791 million during the quarter, representing about 67% of total company revenue and increasing 2.5% from the prior-year period. Amdocs generated free cash flow before restructuring payments of $193 million in the quarter, or $172 million after $21 million in restructuring payments. Hortig characterized the arrangement as a large-scale flagship engagement that will use Amdocs’ aOS, or Agentic Telco Operating System. Constant-currency revenue growth is projected at 2.6% to 3.4%, maintaining the 3% midpoint of prior guidance. About half of expected fiscal 2026 revenue growth is anticipated to be inorganic, Rozenfeld said.