CSG Systems Q1 2020 Earnings Report
Key Takeaways
CSG Systems reported solid first-quarter results with a slight increase in revenue compared to the previous year. The company's recurring contracts and resilient business model have positioned it well to weather the challenges posed by the pandemic. CSG is updating its financial guidance for the full year 2020.
Total revenue was $245.6 million; non-GAAP adjusted revenue was $227.3 million.
GAAP operating income was $33.2 million, 13.5% of total revenue; non-GAAP operating income was $42.2 million, 18.5% of non-GAAP adjusted revenue.
GAAP earnings per diluted share (EPS) was $0.66; non-GAAP EPS was $0.87.
Cash flows used in operations were ($7.2) million, with a non-GAAP free cash flow deficit of ($12.0) million.
CSG Systems
CSG Systems
Forward Guidance
CSG is updating its financial guidance for the full year 2020.