CSG Systems Q3 2020 Earnings Report
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
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