Loading...
•
Mar 31, 2022
CSG Systems Q1 2022 Earnings Report
CSG Systems reported first quarter results, confirming all 2022 financial guidance targets and achieving YoY revenue and non-GAAP EPS growth.
Key Takeaways
CSG Systems reported a 4.5% year-over-year revenue increase and a 4.9% year-over-year increase in non-GAAP EPS for Q1 2022. The company reaffirmed its full year 2022 financial guidance targets.
Total revenue was $264.4 million.
GAAP operating income was $16.4 million, or 6.2% of total revenue.
GAAP earnings per diluted share (EPS) was $0.19 and non-GAAP EPS was $0.86.
Cash flows used in operations were ($5.5) million, with a non-GAAP free cash flow deficit of ($15.9) million.
CSG Systems
CSG Systems
Forward Guidance
CSG reaffirmed its financial guidance for the full year 2022.
Positive Outlook
- Revenue between $1,070 - $1,110 million (GAAP).
- Adjusted Revenue between $1,000 - $1,033 million (Non-GAAP).
- Adjusted Operating Margin Percentage between 16.5% - 17.0% (Non-GAAP).
- EPS between $3.44 - $3.68 (Non-GAAP).
- Free Cash Flow between $115 - $125 million (Non-GAAP).