CSG Systems International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:08 pm EDT
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CSG Systems International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 286.87 million compared to USD 273.31 million a year ago. Net income was USD 18.69 million compared to USD 12.48 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 0.62 compared to USD 0.4 a year ago.
For the nine months, sales was USD 871.93 million compared to USD 799.88 million a year ago. Net income was USD 53.58 million compared to USD 23.91 million a year ago. Basic earnings per share from continuing operations was USD 1.76 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 1.75 compared to USD 0.76 a year ago.
CSG Systems International, Inc. is a software-as-a-service (SaaS) platform company. The Company provides revenue management, digital monetization, customer experience, and payments solutions. The Company offers integrated real-time revenue management platforms leveraging public cloud, private cloud, or on-premises deployments to optimize and monetize transactions at every stage of the customer lifecycle. The Companyâs products are used in the areas of 5G/internet of things (IOT) monetization, financial services, technology, telecom, field service management, operations support systems/business support systems (OSS/BSS), journey orchestration, journey analytics, customer experience, and integrated payments. The Company offers operational services encompassing infrastructure management, including hardware, application, and environmental management and application configuration management, including configuration development, release, and deployment.