CSG Systems International Reports Strong Fourth Quarter Results
ENGLEWOOD, Colo. - CSG Systems International Inc. (CSGS) announced today its financial results for the fourth quarter of 2023. The company reported a net income of $34.5 million, or $1.21 per share, surpassing analysts' expectations. Adjusted earnings, excluding one-time items, came in at $1.65 per share.
CSGS' revenue for the quarter was $316.7 million, with adjusted revenue of $290.6 million, exceeding market forecasts. Analysts had projected revenue of $290 million.
For the full year, CSGS reported a net income of $86.9 million, or $3.03 per share, on revenue of $1.1 billion.
Looking ahead, CSGS anticipates full-year earnings in the range of $4.55 to $4.80 per share, with revenue between $1.1 billion and $1.14 billion.
"We are pleased with our strong performance in the fourth quarter and full year," said Brian Cassidy, CSGS' CEO. "Our continued investment in technology and innovation has enabled us to deliver value to our clients and drive growth."