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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.
CSG Systems
CSG Systems
CSG Systems Revenue by Segment
CSG Systems Revenue by Geographic Location
Revenue by Segment
Broadband/Cable/Satellite Revenue
CapyFin.comTelecommunications Revenue
CapyFin.comAll other Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope, Middle East and Africa Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com 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