Business
CSG Systems International Reports Second Quarter 2020 Results
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- CSG (NASDAQ: CSGS), the trusted partner to simplify the complexity of business transformation in the digital age,
About this update from Csg Systems International, Inc.
[{"type":"text","content":" GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--\nCSG (NASDAQ: CSGS), the trusted partner to simplify the complexity of business transformation in the digital age, today reported results for the quarter ended June 30, 2020.\n\n\nFinancial Results:\n\n\n\nSecond quarter 2020 financial results:\n\n\nTotal revenue was $240.3 million and total non-GAAP adjusted revenue was $224.6 million.\n\n\nGAAP operating income was $19.8 million, or 8.2% of total revenue, and non-GAAP operating income was $30.6 million, or 13.6% of non-GAAP adjusted revenue.\n\n\nGAAP earnings per diluted share (EPS) was $0.32 and non-GAAP EPS was $0.59.\n\n\nCash flows from operations were $57.7 million, with non-GAAP free cash flow of $48.2 million.\n\n\n\n\n\nShareholder Returns:\n\n\n\nCSG declared its quarterly cash dividend of $0.235 per share of common stock, or a total of approximately $8 million, to shareholders.\n\n\n\n“We delivered another solid quarter during some very challenging times,” said Bret Griess, president and chief executive officer of CSG International. “Our predictable, resilient business provides us with good visibility, driven by our ability to lengthen and strengthen our relationships and expand our footprint within existing customers, while continuing to diversify our revenue by adding new customers in existing and new verticals. We feel very good about our performance thus far in 2020 and our ability to maintain our non-GAAP guidance in the midst of a global pandemic.”\n\n\nFinancial Overview (unaudited)\n\n\n(in thousands, except per share amounts and percentages):\n\n\n\n\n \n\n\n\n \n\n\n\nQuarter Ended June 30,\n\n\n\n \n\n\n\n \n\n\n\nSix Months Ended June 30,\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nPercent\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nPercent\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n \n\n\n\nChanged\n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n \n\n\n\nChanged\n\n\n\n \n\n\n\n\n\nGAAP Results:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nR...