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Billing vendor earns $29.8M on revenues of $184.6 million in the quarter, down 2% from $180 million in the previous quarter.

CSG Earns $29.8M in Q2

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7/31/2014
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ENGLEWOOD, Colo.-- CSG Systems International, Inc. (Nasdaq:CSGS), a leading global provider of interactive transaction-driven solutions and services, today reported results for the quarter ended June 30, 2014.

Key Financial Highlights:

Second quarter 2014 results:

Total revenues were $184.6 million.

Non-GAAP operating income was $29.8 million, or 16.1% of total revenues and GAAP operating income was $21.8 million, or 11.8% of total revenues.

Non-GAAP earnings per diluted share (EPS) was $0.52. GAAP EPS was $0.28. Cash flows from operations for the quarter were $24.8 million.

CSG increased its quarterly cash dividend by five percent to $0.1575 per share of common stock, which was paid to shareholders on June 26, 2014 for a total of approximately $5 million.

CSG signed a multi-year agreement with MTN South Africa to provide the end-to-end management of MTN’s wholesale billing and business service platforms.

CSG signed a multi-year agreement with one of the largest mobile operators in the world to roll out the Singleview platform to 10 countries in Africa as part of a larger modernization effort.

After the quarter, the company expanded and extended its contract with Comcast Cable through June 30, 2019. The expanded contract provides a framework and financial incentives for Comcast to standardize and streamline all of its current and future residential customer accounts onto the CSG billing platform.

“Over the past several months, we have continued to get broader and deeper in our clients’ operations by working side-by-side with them, understanding their pain points, helping them solve business problems and grow their revenues and profits,” said Peter Kalan, chief executive officer and president for CSG International. “We believe that by delivering on your promises, investing in your people, your products and your client relationships, and focusing your development efforts on helping your clients evolve and grow, that you create long-term value for your employees, your clients and your shareholders.”

CSG International

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