CSG Systems ( (CSGS) ) has released its Q3 earnings. Here is a breakdown of the information CSG Systems presented to its investors.
CSG Systems International, Inc. is a technology company specializing in customer experience, billing, and payment solutions, primarily within the telecommunications industry. The company offers a range of SaaS solutions aimed at enhancing business and consumer interactions.
In its third quarter of 2024, CSG Systems reported a total revenue of $295.1 million, marking a 2.9% increase compared to the same period last year. The company also announced a significant contract renewal with Comcast extending through 2030, alongside an upward revision of its profitability and non-GAAP EPS guidance for the year.
Key financial highlights include a GAAP operating income of $31.8 million and a non-GAAP operating income of $50.1 million, reflecting an 18.4% adjusted operating margin. The GAAP earnings per diluted share stood at $0.67, while non-GAAP EPS was $1.06, showcasing a notable improvement from the previous year. Additionally, CSG declared a quarterly cash dividend of $0.30 per share and repurchased approximately 313,000 shares under its stock repurchase program.
Looking ahead, CSG Systems remains focused on returning over $100 million to shareholders through dividends and buybacks in 2024 and 2025. The company’s management maintains a positive outlook, as evidenced by the raised guidance targets, emphasizing their commitment to shareholder value and strategic growth initiatives.
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