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Jun 30, 2022
CSG Systems Q2 2022 Earnings Report
CSG Systems' second quarter performance in 2022 was reported, highlighting a significant telecom win, successful subscriber migration, and shareholder returns.
Key Takeaways
CSG Systems International reported a revenue increase of 2.8% to $262.2 million compared to the second quarter of 2021. GAAP EPS was $0.17, while non-GAAP EPS was $0.84. The company faced challenges including eroded non-GAAP adjusted operating margin and impacted cash flow, which are being addressed with a margin improvement initiative.
Grew first half sales bookings more than 10% year-over-year.
Signed one of the largest telecom wins in CSG history with new Latin American customer.
Successfully migrated approximately 75% of the new Charter subscribers.
Returned $55 million to shareholders via share repurchases and dividends in H1 2022.
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 2022.
Positive Outlook
- Revenue: No change $1,070 - $1,110 million
- Adjusted Revenue: No change $1,000 - $1,033 million
- EPS: No change $3.44 - $3.68
Challenges Ahead
- Adjusted Operating Margin Percentage: 16.2% - 16.7% Previous 16.5% - 17.0%
- Adjusted EBITDA $220 - $230 million Previous $225 - $236 million
- Free Cash Flow $80 - $90 million Previous $115 - $125 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income