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Dec 31, 2021

CSG Systems Q4 2021 Earnings Report

CSG grew revenue and surpassed $1 billion in annual revenue, issued growth-oriented 2022 financial guidance targets and boosted dividend.

Key Takeaways

CSG Systems International reported a 5.6% increase in revenue for the fourth quarter of 2021, reaching $275.0 million. The company's GAAP EPS was $0.54 and non-GAAP EPS was $0.83. They also renewed relationships with DISH and Charter Communications.

Total revenue increased by 5.6% to $275.0 million.

GAAP operating income was $27.9 million, representing 10.1% of total revenue.

GAAP earnings per diluted share (EPS) reached $0.54.

Cash flows from operations amounted to $51.9 million, with a non-GAAP free cash flow of $47.9 million.

Total Revenue
$275M
Previous year: $260M
+5.6%
EPS
$0.83
Previous year: $0.9
-7.8%
Gross Profit
$133M
Previous year: $125M
+6.1%
Cash and Equivalents
$206M
Previous year: $189M
+9.0%
Free Cash Flow
$47.9M
Previous year: $52.1M
-8.1%
Total Assets
$1.39B
Previous year: $1.33B
+4.1%

CSG Systems

CSG Systems

CSG Systems Revenue by Geographic Location

Forward Guidance

CSG’s financial guidance for the full year 2022 is as follows: GAAP Measures: Revenue $1,070 - $1,110 million Non-GAAP Measures: Adjusted Revenue $1,000 - $1,033 million Adjusted Operating Margin Percentage 16.5% - 17.0% EPS $3.44 - $3.68 Adjusted EBITDA $225 - $236 million Free Cash Flow $115 - $125 million