CSGS - CSG Systems International beats Q1 top and bottom line estimates; reaffirms FY23 outlook

2023-05-03 17:51:06 ET

• CSG Systems International press release ( NASDAQ: CSGS ): Q1 Non-GAAP EPS of $1.04 beats by $0.09 .
• Revenue of $298.7M (+13.0% Y/Y) beats by $30.73M .
• Cash flows from operations were $15.4 million, with non-GAAP free cash flow of $6.7 million.
• Non-GAAP operating income was $53.5 million, or a non-GAAP adjusted operating margin of 19.3%.
• CSG is reaffirming its financial guidance for the full year 2023, as follows: Revenue of $1,130 - $1,170 million vs. consensus of $1.07B; Non-GAAP EPS of $3.35 - $3.65 vs. consensus of $3.53; Adjusted EBITDA of $231 - $242 million.

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