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Jun 30, 2021
CSG Systems Q2 2021 Earnings Report
Reported strong revenue and adjusted revenue growth with each up 6.2% year-over-year and raised all 2021 financial guidance targets due to strong H1 2021 results.
Key Takeaways
CSG Systems International reported a 6.2% year-over-year increase in both revenue and adjusted revenue for Q2 2021. The company is raising all 2021 financial guidance targets, including revenue, adjusted operating margin and EPS.
Total revenue was $255.1 million and total non-GAAP adjusted revenue was $238.5 million.
GAAP operating income was $32.2 million, or 12.6% of total revenue, and non-GAAP operating income was $39.8 million, or 16.7% of non-GAAP adjusted revenue.
GAAP earnings per diluted share (EPS) was $0.60 and non-GAAP EPS was $0.82.
Cash flows used in operations were $44.5 million, with a non-GAAP free cash flow of $37.5 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CSG is updating its financial guidance for the full year 2021.
Positive Outlook
- Revenue between $1,015 and $1,045 million.
- Operating Margin Percentage between 12.3% and 12.7%.
- EPS between $2.35 and $2.53.
- Cash Flows from Operating Activities between $140 and $160 million.
- Adjusted Revenue between $946 and $964 million.
Challenges Ahead
- Adjusted Operating Margin Percentage between 16.5% and 17.0%.
- EPS between $3.16 and $3.34.
- Adjusted EBITDA between $217 and $225 million.
- Free Cash Flow between $115 and $125 million.
- Less: Transaction fees (69,000 ) (81,000 )
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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