Amdocs Company Overview 1 Brief Description Amdocs combines

Amdocs Company Overview 1

Brief Description • Amdocs combines innovative billing and CRM software products and services with deep business knowledge to deliver true Integrated Customer Management, enabling the world's leading services companies to achieve stronger, more profitable customer relationships. • The company supports its customers with a wide range of services, including integration and implementation services, managed services, and advisory services. Its unique combination of products and services ensures accountability and reduces risk. • Backed by an unsurpassed 21 years of delivering real business results for its customers, Amdocs leverages deep industry experience and develops lasting relationships to help its global customer base of industry leaders plan and execute their business strategies with confidence. Source: Amdocs Company Website 2

Business Model Amdocs derives its revenue principally from: • the sale of licenses for its products, including initial license fees and incremental license fees resulting from increases in a customer's business volume • the sale of services related to its products, including customization, implementation and integration services • recurring revenue from ongoing support and maintenance provided to its customers • providing outsourcing and other related services for its customers Source: Amdocs Limited Form 20 -F, Fiscal Year ended 9/30/2002 3

Principal Revenue Sources The majority of Amdocs’ revenue comes from business support systems. These business support systems include: customer care and billing, CRM, and order management systems $1. 44 bn - Customer Care & Billing Systems $174 mn - Directory Systems $1. 61 bn - Total $153 mn - License Revenue $1. 46 bn - Service Revenue $1. 61 bn - Total Source: Amdocs Limited Form 20 -F, Fiscal Year ended 9/30/2002 4

Current Management • • • Bruce Anderson, Chairman and CEO Avinoam Noar, Vice Chairman Dov Baharav, President and CEO of Amdocs Mgmt Ltd Thomas O'Brien, Treasurer, Sec. Nehemia Lemelbaum, SVP of Amdocs Mgmt Ltd. , Director Source: Yahoo! Finance 5

Corporate History • • • 1982 – Company founded as Aurec Information 1984 – Aurec Information and SBC form a joint venture 1985 – SBC acquires 50% of the company 1988 – Aurec has operations on five continents 1995 – Amdocs created as a holding company. 1997 – WCAS Investors invested in company. Bruce Anderson (partner) named Chairman and CEO 1998 – Initial Public Offering 1999 – Acquired International Telecommunications Data Systems 2000 – Acquired Solect Technology Group 2001 – Acquired Clarify from Nortel Networks for $200 million 2003 – Bought assets of Exchange Applications and purchased Bell Canada’s joint venture stake in Certen Sources: Hoover’s Online Welsh, Carson, Anderson & Stowe website 6

About the Founders • A team of people including Avinoam Naor began Amdocs in 1982. He initially served as SVP. He is curently Vice Chairman of the Board. He has been involved with software for 29 years. • No info on other founders available Source: Hoover’s Online 7

Funding history Information on initial funding is hard to find. Significant investors in the company included: • • ? – Amdocs International Limited 1985 – SBC International acquired 50% of company 1997 – WCAS Investors invested in company 1998 – In June, the company had its IPO Sources: Amdocs Limited Form 20 -F, Fiscal Year ended 9/30/2002 Welsh, Carson, Anderson & Stowe website Yahoo! Finance, Hoover’s Online 8

Stock Chart No splits. Company went public in June 1998. Source: Yahoo! Finance 9