News

ENGLEWOOD, Colo. (10/27/2009) ENGLEWOOD, COLO. (October 27, 2009) CSG Systems International, Inc. (Nasdaq: CSGS), a leading provider of customer interaction management and billing solutions, today reported results for the quarter ended September 30, 2009.

Key Highlights:

• Results for the quarter ended September 30, 2009, were as follows: Total revenues were $124.5 million, an increase of six percent over the same period in 2008.
• Non-GAAP operating income was $22.5 million, or 18.0% of total revenues, and GAAP operating income was $17.3 million, or 13.9% of total revenues. 
• Non-GAAP adjusted EBITDA was $33.5 million for the quarter and $100.9 million for the nine months ended September 30, 2009. 
• Non-GAAP earnings per diluted share (EPS) was $0.43, which reflects an unexpected $0.03 benefit as a result of a better than expected income tax rate. GAAP EPS from continuing operations was $0.29. 
• Cash flows from operations for the quarter were $37.9 million, and $97.4 million for the nine months ended September 30, 2009. 
• During the third quarter, CSG successfully converted approximately 500,000 customer accounts onto its systems, including triple play and business customers, bringing the total number of customer accounts processed as of September 30, 2009, to 46.1 million.

"CSG continues to execute both operationally and financially, while investing in its solutions, its people and its clients," said Peter Kalan, chief executive officer and president of CSG Systems. "This quarter we successfully converted 500,000 new customers onto our ACP platform and converted another 700,000 since quarter-end. We are on track to convert the remaining backlog of customer accounts onto our solution by the first half of 2010.

"In addition, we continue to increase the penetration of our products and services in our client base, with product integrations across both CSG and competitor platforms, as well as were successful in cross-selling our products and services into new vertical markets," Kalan added. "Finally, we remain at the forefront in helping content providers create a more meaningful and interactive customer experience with our Content Direct platform by helping providers manage and optimize their customers experience with the online experience, resulting in increased loyalty and revenues.

"While it continues to be a difficult business environment, we are optimistic about the remainder of the year and 2010 based on our results for the first nine months of this year," said Kalan.

For the full press release, please click on the .pdf file below.

For more information, please contact
Liz Bauer, liz_bauer@csgsystems.com
Vice President Investor Relations

Get the pdf