Loading...
•
Jun 30, 2023
CSG Systems Q2 2023 Earnings Report
Reported strong financial results driven by organic revenue growth and raised revenue and non-GAAP adjusted operating margin guidance for 2023.
Key Takeaways
CSG Systems International reported a strong second quarter in 2023, with total revenue of $286.3 million, a 9.2% increase compared to the previous year. GAAP EPS was $0.45 and non-GAAP EPS was $0.80. The company raised its full-year revenue and non-GAAP adjusted operating margin guidance and instituted a $100 million share repurchase plan.
Total revenue was $286.3 million, a 9.2% increase year-over-year.
GAAP operating income was $28.2 million, with a 9.9% operating margin.
GAAP earnings per diluted share (EPS) was $0.45 and non-GAAP EPS was $0.80.
The company raised its revenue and non-GAAP adjusted operating income margin targets for the full year.
Revenue by Geographic Location
Forward Guidance
CSG revised its financial guidance for the full year 2023.
Positive Outlook
- Revenue is now expected to be between $1.15 billion and $1.175 billion.
- Adjusted Operating Margin Percentage is expected to be between 16.75% and 17.1%.
- EPS is expected to be between $3.42 and $3.58.
- Adjusted EBITDA is expected to be between $238 million and $245 million.
- Free Cash Flow is expected to be between $80 million and $120 million.
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
Loading earnings performance data...
Loading earnings reaction data...