CSG profit grew 3% in Q1
CSG Systems International recorded a net income of $11.8 million in the first quarter, 2.7% higher YOY. Revenues increased by 1% to $185 million.
Non-GAAP EPS for the first quarter went up to $0.60 while GAAP EPS also went up to $0.36.
During the quarter, CSG repurchased 328,000 shares of its common stock for $5.2 million (weighted-average price of $15.84 per share) under its stock repurchase program.
"We are making solid progress on the transformation of our company into a global provider of business-enabling solutions throughout our business, whether that be in sales operations or financial performance," said CEO Peter Kalan.