CSG Systems International - CSGS STOCK NEWS

Zain Sudan, a key player in the Middle East and North African wireless market, trusted CSG to recover its services after a recent data centre outage caused by ongoing conflict. Utilizing CSG's USSD Gateway solution, Zain Sudan managed to reestablish essential services within 21 days, enabling customers to manage plans and check balances promptly. This rapid response helped Zain Sudan maintain its market leadership, achieving 5.7 million balance enquiries and 4.7 million plan purchases daily. CSG's swift action minimized revenue loss and enhanced customer experience during a time of crisis.

CSG (NASDAQ: CSGS) has been named a Leader in The Forrester Wave™: Customer Journey Orchestration Platforms, Q2 2024. CSG's customer engagement platform, CSG Xponent, received the highest possible scores in 16 of the 30 criteria evaluated, including customer journey analytics, cross-journey orchestration, and real-time decisioning. The platform's capabilities have significantly enhanced customer and employee experiences for major brands, leading to improved sales results and operational efficiency. CSG Xponent's real-time decisioning engine supports over 1,000 complex decisions per second, consolidating data sources to provide immediate business impact. Additionally, its predictive journey AI adapts to customer needs in real-time.

CSG (NASDAQ: CSGS) announced the acquisition of iCheckGateway.com (iCG Pay), a North American ACH and credit card payment processing company. The acquisition is expected to enhance CSG's profitability in 2024. iCG Pay has a growing customer base in sectors like financial services, insurance, utilities, and government, with 2023 revenue of approximately $9.5 million. CSG paid an upfront purchase price of $17 million, with additional earn-out amounts based on performance goals. This acquisition aims to integrate both companies' solutions, expand channel partnerships, and strengthen CSG's leadership in the payments market.

CSG Systems International (NASDAQ: CSGS) has announced that its Board of Directors has approved a quarterly cash dividend of $0.30 per share of common stock. This dividend will be paid on June 27, 2024, to shareholders who are recorded as of the close of business on June 14, 2024.

This dividend reflects the company's ongoing commitment to returning value to its shareholders.

CSG (NASDAQ: CSGS) has appointed finance veteran Samantha Greenberg to its board of directors. Greenberg's extensive experience in financial markets and capital allocation is expected to strengthen CSG’s governance and decision-making as the company strives for faster revenue growth and diversification. With a strong record in driving financial excellence and value creation, Greenberg currently serves as CFO at ID.me and has held significant roles in technology and financial sectors. Her background includes leadership positions at Mint House, Citadel, Margate Capital Management, and Paulson & Co.

Greenberg's education credentials include an MBA from Stanford and a B.S. in Economics from the Wharton School. She has received multiple industry accolades, including recognition from DCA Live, Stanford University, Ernst & Young, and Institutional Investor.

CSG Systems International reported its first quarter 2024 results, with total revenue at $295.1 million and GAAP operating income at $31.8 million. Non-GAAP operating income was $44.9 million, with GAAP EPS at $0.68 and non-GAAP EPS at $1.01. CSG confirmed all 2024 financial guidance targets, with 30% of revenue now coming from industry verticals outside CSPs. The company returned over $160 million to shareholders in the last twelve months, including $19 million in Q1.

CSG's Mike Woods, Executive Vice President and President of North America Communications, Media and Technology, has been honored in the 2024 Cablefax 100 List for his strategic leadership and commitment to excellence. Under his guidance, CSG achieved $1.17B in revenue in 2023, marking its best annual results in nearly two decades. Woods' customer-first approach and innovative SaaS technologies help operators future-proof their businesses, reduce operating costs, and enhance digital customer experiences.

CSG (CSGS) releases 2023 Global Impact Report showcasing commitment to sustainability and social impact

CSG (NASDAQ: CSGS) announces a conference call to discuss first-quarter earnings results with President Brian Shepherd and CFO Hai Tran on May 1, 2024, at 5:00 p.m. ET.