CSG Systems International - CSGS STOCK NEWS

CSG Systems International (NASDAQ: CSGS) has announced its Board of Directors' approval of a quarterly cash dividend of $0.30 per share of common stock. The dividend will be paid on January 3, 2025, to shareholders of record at the close of business on December 18, 2024.

CSG (NASDAQ: CSGS) has completed its first double materiality assessment to strengthen its Environmental, Social, and Governance (ESG) practices and sustainability strategy. The assessment evaluates both financial impacts of sustainability matters and the company's effects on environment and society, focusing on key topics like greenhouse gas emissions, employee wellbeing, customer data privacy, and business ethics.

Through a 360-degree analysis involving internal and external stakeholders, the assessment follows a structured approach to identify and define relevant ESG topics. This initiative will guide CSG's ESG performance reporting and help establish measurable future goals, enhancing transparency with stakeholders including employees, customers, communities, and investors.

CSG (NASDAQ: CSGS) has appointed Saurabh Joshi as its new president of Payments. Joshi brings over 20 years of experience in technology, fintech, and e-commerce to oversee CSG's Payments portfolio, CSG Forte. He will be responsible for strategic vision, product innovation, revenue growth, business development, and operational improvements. Prior to joining CSG, Joshi served as North America's senior vice president and general manager at Western Union, and held senior leadership roles at Better Mortgages, PayPal, Rocket Internet, and Goldman Sachs.

CSG Systems International reported Q3 2024 results with total revenue of $295.1 million, up 2.9% year-over-year. GAAP operating income was $31.8 million with a 10.8% margin, while non-GAAP operating income reached $50.1 million with an 18.4% margin. The company announced a contract renewal with Comcast through 2030 and raised its 2024 profitability and non-GAAP EPS guidance. CSG declared a quarterly dividend of $0.30 per share and repurchased approximately 313,000 shares for $15 million. The company committed to returning over $100 million to shareholders via dividends and buybacks in both 2024 and 2025.

CSG and Comcast have announced a six-year contract renewal through December 31, 2030, extending their 35+ year relationship. Under the agreement, Comcast will continue using CSG's platforms to support its residential video, broadband, and digital phone customer base. The renewal demonstrates the ongoing partnership between the two companies and their commitment to delivering customer experiences. The contract details will be discussed during CSG's third quarter earnings call.

CSG Forte, a leader in digital payment solutions, has won three industry awards for innovation in payments. Their product, CSG Forte Engage, a multi-channel, low-to-no code payment solution, received two awards at the Juniper Research 2024 Future Digital Awards for Fintech & Payments: Platinum in the Omnichannel Payments Platform category and Gold in the Recurring Payment Platform Innovation category. Additionally, it earned the Top Innovation in Payments award at the 2024 PayTech Awards USA.

CSG Forte Engage allows customers to pay through their preferred channels, offering personalized, secure statements. The platform helps organizations protect against payment data exposure, mitigate data breaches, and modernize the customer experience. Intech Worldwide LP, a software solutions provider for courts, has partnered with CSG Forte to integrate multichannel payment processing into their Apex Court Solutions software, enabling payments via text message, email, and IVR in English and Spanish.

CSG Systems International (NASDAQ: CSGS) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Wednesday, November 6, 2024, at 5:00 p.m. ET. The call will feature presentations from Brian Shepherd, CSG's president and chief executive officer, and Hai Tran, the company's chief financial officer. Interested parties can join the conference call by dialing 1-888-412-4131 and using the passcode 2327393. Additionally, a webcast option is available for those who prefer to join online, offering both live and archived formats of the earnings call.

CSG (NASDAQ: CSGS) has announced a strategic partnership with Cellusys to address challenges in the global roaming landscape. This collaboration aims to streamline roaming processes, enhance customer experiences, and unlock new revenue streams for mobile operators. The partnership combines CSG's expertise in roaming testing and settlement with Cellusys' award-winning roaming management systems.

Key features of the unified solution include intelligent roaming steering, proactive testing, smart settlement, and comprehensive analytics. These tools provide real-time visibility of roaming conditions, optimize network selection, and offer actionable insights for informed decision-making. The partnership is positioned to help mobile operators capitalize on emerging technologies like 5G and IoT, while improving customer satisfaction and operational efficiency.

CSG Systems International (NASDAQ: CSGS) has announced its Board of Directors' approval of a quarterly cash dividend payment. The dividend, set at $0.30 per share of common stock, will be paid on September 27, 2024. Shareholders of record as of the close of business on September 13, 2024, will be eligible for this dividend. This announcement demonstrates CSG's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite market fluctuations.