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Sep 30, 2020
CSG Systems Q3 2020 Earnings Report
CSG Systems reported strong results in a challenging environment, driven by its resilient business model and broad portfolio of solutions.
Key Takeaways
CSG Systems International reported a revenue of $244.1 million and GAAP EPS of $0.42 for the third quarter of 2020. The company's performance reflects its ability to help clients solve complex problems and its strong positioning for the future.
Total revenue was $244.1 million; non-GAAP adjusted revenue was $227.7 million.
GAAP operating income was $28.9 million, or 11.9% of total revenue; non-GAAP operating income was $39.1 million, or 17.2% of non-GAAP adjusted revenue.
GAAP earnings per diluted share (EPS) was $0.42 and non-GAAP EPS was $0.76.
Cash flows from operations were $65.2 million, with non-GAAP free cash flow of $55.3 million.
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 updated its financial guidance for the full year 2020.
Positive Outlook
- Revenue: No change $960 - $1,000 million
- Adjusted Revenue: No change $891 - $924 million
- Adjusted Operating Margin Percentage: No change 16.0% - 16.5%
- EPS: No change $2.87 - $3.10
Challenges Ahead
- Operating Margin Percentage: 9.7% - 10.4% Previous 11.1% - 11.7%
- EPS: $1.58 - $1.81 Previous $1.99 - $2.22
- Cash Flows from Operating Activities: $125 - $145 million Previous $110 - $135 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income