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Dec 31, 2023
CSG Systems Q4 2023 Earnings Report
CSG Systems' Q4 2023 results were reported, achieving or exceeding all 2023 financial guidance targets.
Key Takeaways
CSG Systems reported a 2.6% increase in revenue compared to Q4 2022, with GAAP EPS at $0.44 and non-GAAP EPS at $0.92. The company's operating cash flow was $79.5 million, and non-GAAP free cash flow was $74.5 million.
Total revenue was $297.3 million.
GAAP operating income was $24.7 million, or an operating margin of 8.3%.
GAAP earnings per diluted share (EPS) was $0.44 and non-GAAP EPS was $0.92.
Cash flows from operations were $79.5 million, with non-GAAP free cash flow of $74.5 million.
CSG Systems
CSG Systems
CSG Systems Revenue by Segment
CSG Systems Revenue by Geographic Location
Revenue by Segment
Broadband/Cable/Satellite Revenue
CapyFin.comTelecommunications Revenue
CapyFin.comAll other Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope, Middle East and Africa Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
CSG anticipates mid-single-digit organic revenue growth, resulting in revenue between $1.2 and $1.24 billion in 2024 with non-GAAP adjusted operating margins in the range of 17.0% to 17.4%.
Positive Outlook
- Revenue $1,200 - $1,240 million
- Adjusted Operating Margin Percentage 17.0% - 17.4%
- EPS $3.85 - $4.15
- Adjusted EBITDA $245 - $255 million
- Free Cash Flow $95 - $135 million
Challenges Ahead
- CSG derives approximately forty percent of its revenue from its two largest customers
- Fluctuations in credit market conditions, general global economic and political conditions, and foreign currency exchange rates
- CSG’s ability to maintain a reliable, secure computing environment
- Continued market acceptance of CSG’s products and services
- CSG’s ability to continuously develop and enhance products in a timely, cost-effective, technically advanced and competitive manner
Revenue & Expenses
Visualization of income flow from segment revenue to net income