News

Revenues of $124.8 million; Non-GAAP EPS of $0.40; GAAP EPS of $0.31; Increases Full Year 2009 Guidance

ENGLEWOOD, Colo. (7/28/09) CSG Systems International, Inc. (Nasdaq: CSGS), a leading provider of customer interaction management and billing solutions, today reported results for the quarter ended June 30, 2009.

Key Highlights:

Results for the quarter ended June 30, 2009 were as follows:

• Total revenues were $124.8 million, an increase of seven percent when compared to $116.9 million for the same period in 2008.
• Non-GAAP operating income was $22.3 million, or 17.8% of total revenues, and GAAP operating income was $19.6 million, or 15.7% of total revenues.
• Non-GAAP adjusted EBITDA was $34.3 million for the quarter, and $67.3 million for the six months ended June 30, 2009.
• Non-GAAP earnings per diluted share ("EPS") was $0.40, and GAAP EPS was $0.31.
• Cash flows from operations for the quarter were $43.6 million, and $59.6 million for the six months ended June 30, 2009.
• Cash and short-term investments totaled $132.9 million as of June 30, 2009, up from $120.3 million from last quarter-end.

CSG repurchased $15.0 million of its previously outstanding convertible debt securities.

"CSG continued to deliver upon our 2009 goals and long-term strategy during the second quarter, as reflected in our increased financial guidance for the year," said Peter Kalan, chief executive officer and president of CSG Systems. "CSG's solid capital structure and cash flow generation have held firm during these challenging economic times. We continue to establish the foundation for future success and continued growth by converting new subscribers, increasing penetration levels of our solutions, and diversifying our revenues into attractive new verticals."

To view the full report, please download pdf.

For more information, please contact
Kathleen Marvin, Kathleen_marvin@csgsystems.com
Director, Investor Relations