Amdocs Appoints Michael Blum Division President for Financial Services

ST. LOUIS, April 18 /PRNewswire-FirstCall/ -- Amdocs , the leading provider of software and services to enable integrated customer management and the intentional customer experience, today announced that Michael Blum has been appointed to the new position of division president for Financial Services. Reporting directly to the CEO, Blum will lead Amdocs' global Financial Services team and drive the company's growth in this market.

"Amdocs is poised to capitalize on growth opportunities in the financial services market and Michael's stature in the industry and extensive expertise working with the world's largest financial institutions make him the ideal choice to help us accomplish that," said Dov Baharav, president and CEO of Amdocs Management Limited. "We feel that an integrated customer management strategy is the right approach not only for communications service providers, but also for financial services institutions as they seek ways to build stronger, more profitable customer relationships. As division president, Michael will design Amdocs financial services sector strategy to help accelerate adoption of integrated customer management, as well as solutions in core banking, fraud and compliance, by the world's leading financial institutions."

As financial services companies continue to consolidate, success in this highly competitive market hinges on delivering a consistent and intentional customer experience, low cost back office processes and secure transactions. To gain a competitive advantage and build long-term customer loyalty, institutions must align themselves around the customer - integrating business processes and systems across lines of business and services. By adopting an integrated customer management strategy and new core banking and compliance solutions financial institutions can achieve this goal, while simultaneously maximizing operational efficiencies, making the company easier for customers to do business with and growing the share of wallet per customer.

"Amdocs has an impressive history of achievements and a reputation for delivery of complex customer management systems and high volume mission critical systems for some of the world's largest companies. That, together with its products, managed services and systems integration capabilities, is the right combination for financial institutions," Blum said. "I look forward to building on the company's initial success with financial services customers."

Blum joins Amdocs from IBM, where he was responsible for leading IBM's multi-billion Dollar Global Banking Practice, driving IBM solutions for the banking industry in Europe, Middle East, Africa, and Asia Pacific. Earlier in his career, Blum had a long tenure at PricewaterhouseCoopers, where he held a variety of executive positions, culminating as North America Managing Partner of Financial Services. He has more than 30 years of experience in information and technology consulting working with money-center banks, large brokerage firms and national insurance companies. Prior to consulting, Blum worked on Wall Street, implementing securities back-office systems and banking branch networks.

About Amdocs

Amdocs combines innovative software and services with deep business knowledge to accelerate implementation of an integrated customer management strategy by the world's leading service providers. By delivering a comprehensive portfolio of software and services that spans the customer lifecycle -- target, sell, deliver, bill and support -- Amdocs enables service companies to deliver an intentional customer experience, which results in stronger, more profitable customer relationships. Service providers also benefit from a rapid return on investment, lower total cost of ownership and improved operational efficiencies. A global company with the revenue of $1.774 billion in fiscal 2004, Amdocs employs over 9,500 IT professionals and serves customers in more than 40 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/ .

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. 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 economic conditions, Amdocs' ability to grow in the mobile, wireline and IP business segments, 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. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F, filed on December 30, 2004 and our Form 6-K furnished on February 15, 2005.

Media Contacts: Amdocs Chris Loncto Access Communications for Amdocs Tel: 917-522-3524 E-Mail: cloncto@accesspr.com