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Sep 30, 2022
CSG Systems Q3 2022 Earnings Report
Reported strong revenue growth and excellent profitability due to margin improvement plan.
Key Takeaways
CSG Systems International reported a 3.8% increase in total revenue compared to Q3 2021. GAAP EPS was $0.40 and non-GAAP EPS was $1.06. The company returned $91 million to shareholders via share repurchases and dividends year-to-date.
Total revenue was $273.3 million.
GAAP operating income was 7.3% of total revenue.
GAAP earnings per diluted share (EPS) was $0.40 and non-GAAP EPS was $1.06.
Cash flows from operations were $22.8 million, with a non-GAAP free cash flow of $10.9 million.
CSG Systems
CSG Systems
Forward Guidance
CSG is updating its financial guidance for the full year 2022.
Positive Outlook
- Revenue: $1,070 - $1,110 million
- Adjusted Revenue: $1,000 - $1,033 million
- Adjusted Operating Margin Percentage: 16.2% - 16.7%
- EPS: $3.44 - $3.68
- Adjusted EBITDA: $220 - $230 million
Challenges Ahead
- Free Cash Flow: $25 - $40 million