The Gender-Equality Index provides insight into an opaque area of ESG data reporting
JERSEY CITY, NJ / ACCESSWIRE / January 31, 2023 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that it joins 483 other companies as a member of the 2023 Bloomberg Gender-Equality Index (GEI), a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting gender-related data. This reference index measures gender equality across five pillars: leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand.
The 2023 GEI reaches globally to represent 45 countries and regions, including firms headquartered in Luxembourg, Ecuador, and Kuwait for the first time. Member companies represent a variety of sectors, including financials, technology, and utilities, which continue to have the highest company representation in the index from 2022.
'As a company, we are committed to diversity, believing a gender diverse, multi-cultural and multi-generational workforce provides strength and a competitive advantage,' said Amdocs' Chief Financial Officer and Chief Operating Officer, Tamar Rapaport-Dagim. 'We need to focus on creating an equal future for all, as this means everyone can fulfill their true potential, and we're proud of the great strides we've made, including being named to Bloomberg's Gender-Equality Index.'
In addition to this achievement, Amdocs continues to make progress in its diversity goals. Women represent 33% of the Amdocs workforce, compared to an industry benchmark of 28%.Half of Amdocs' testing engineers are women, and female team leads within the company increased 20% over the last two years. Amdocs' INSPIRE program, a long-term innovative organizational framework for closing the gender gap, helps all existing leaders become agents of gender diversity change.
'Congratulations to the companies that are included in the 2023 GEI,' said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club. 'We continue to see an increase in both interest and membership globally, reflecting a shared goal of transparency in gender-related metrics.'
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Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers' innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our 31,000 employees around the globe are here to accelerate service providers' migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.58 billion in fiscal 2022. For more information, visit www.amdocs.com
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macro-economic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other global or regional events such as the COVID-19 pandemic, as well as the current inflationary environment, and the effects of these conditions on the company's clients' businesses and levels of business activity, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2022 filed on December 13, 2022.
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SOURCE: Amdocs Management Limited
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