CSG Systems: Fourth Quarter Earnings Overview

CSG Systems International Announces Fourth Quarter Financial Results

CSG Systems International Inc., headquartered in Englewood, Colorado, revealed on Wednesday that it achieved a net profit of $7 million for the fourth quarter.

The company reported earnings of $0.25 per share. After adjusting for special items, earnings reached $1.53 per share.

These adjusted earnings surpassed analysts’ expectations, as the consensus from four Zacks Investment Research analysts had predicted $1.33 per share.

During the quarter, the communications support services provider generated $323.1 million in revenue. Adjusted revenue totaled $294.9 million, slightly below the $298.6 million forecasted by analysts surveyed by Zacks.

For the full year, CSG Systems International posted a net income of $55.9 million, or $1.98 per share, with total revenue amounting to $1.12 billion.