CSG Systems International Reports Second Quarter 2022 Results
Signed One of the Largest Telecom Wins in CSG History with New Latin American Customer Successfully Migrated ~75% of New Charter Subscribers Through Q2 2022 Returned $55 Million to Shareholders via Share Repurchases Dividends in H1 2022 CSG (NASDAQ: CSGS) today reported results for the quarter ended June 30, 2022. Financial Results: Second quarter 2022 financial results: Total revenue was $262.2 million and total non-GAAP adjusted revenue was $243.5 million . GAAP operating income was $7.3 million , or 2.8% of total revenue, and non-GAAP operating income was $36.7 million , or 15.1% of non-GAAP adjusted revenue. GAAP earnings per diluted share (EPS) was $0.17 and non-GAAP EPS was $0.84 . Cash flows used in operations were ($7.7) million , with a non-GAAP free cash flow deficit of ( $17.0) million . Shareholder Returns: CSG declared its quarterly cash dividend of $0.265 per share of common stock, or a total of approximately $9 million , to shareholders. During the second quarter of 2022, CSG repurchased under its stock repurchase program, approximately 360,000 shares of its common stock for approximately $22 million .
CSG Systems International Reports Second Quarter 2022 Results
Signed One of the Largest Telecom Wins in CSG History with New Latin American Customer Successfully Migrated ~75% of New Charter Subscribers Through Q2 2022 Returned $55 Million to Shareholders via Share Repurchases Dividends in H1 2022 CSG (NASDAQ: CSGS) today reported results for the quarter ended June 30, 2022. Financial Results: Second quarter 2022 financial results: Total revenue was $262.2 million and total non-GAAP adjusted revenue was $243.5 million . GAAP operating income was $7.3 million , or 2.8% of total revenue, and non-GAAP operating income was $36.7 million , or 15.1% of non-GAAP adjusted revenue. GAAP earnings per diluted share (EPS) was $0.17 and non-GAAP EPS was $0.84 . Cash flows used in operations were ($7.7) million , with a non-GAAP free cash flow deficit of ( $17.0) million . Shareholder Returns: CSG declared its quarterly cash dividend of $0.265 per share of common stock, or a total of approximately $9 million , to shareholders. During the second quarter of 2022, CSG repurchased under its stock repurchase program, approximately 360,000 shares of its common stock for approximately $22 million .