CSG exceeds expectations in Q2

CSG posted $95 million in revenue in the second quarter, exceeding targets for the period.

 

Operating income was placed at $21.8 million, while net income was pegged at $15.6 million, or $0.33 per diluted share. Cash flows from operations reached $38.7 million, higher than expectations, primarily due to favorable changes in working capital.

 

To date, the company has 24 million cable customer accounts on its Advanced Convergent Platform (ACP), including Time Warner New York City. CSG continues to migrate customer accounts to its ACP, to enable them to roll out new advanced service offerings.

 

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