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Mar 31, 2023
CSG Systems Q1 2023 Earnings Report
Reported strong financial results with 13% year-over-year organic revenue growth, completed Charter subscriber migration, and received a 'Prime' ESG rating.
Key Takeaways
CSG Systems International reported strong Q1 2023 results, with a 13% year-over-year increase in organic revenue. The company reiterated its full year 2023 financial guidance targets. They also completed the migration of Charter subscribers from a competitor's billing system and were awarded a 'Prime' ESG rating from ISS for the second consecutive year.
Total revenue was $298.7 million.
GAAP operating income was $38.2 million, representing a 12.8% operating margin.
GAAP EPS was $0.68 and non-GAAP EPS was $1.04.
Cash flows from operations were $15.4 million, with non-GAAP free cash flow of $6.7 million.
Forward Guidance
CSG is reaffirming its financial guidance for the full year 2023.
Positive Outlook
- Revenue between $1,130 and $1,170 million.
- Adjusted Operating Margin Percentage between 16.5% and 17.0%.
- EPS between $3.35 and $3.65.
- Adjusted EBITDA between $231 and $242 million.
- Free Cash Flow between $80 and $120 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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