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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.
CSG Systems
CSG Systems
CSG Systems Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com 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