CSG Systems International - CSGS STOCK NEWS

CSG (NASDAQ: CSGS) has published its inaugural environmental disclosure in accordance with the TCFD framework, marking a significant milestone in its corporate responsibility efforts. This aligns with previous sustainability reports published by CSG, indicating a commitment to transparency in environmental, social, and governance (ESG) factors. CEO Brian Shepherd highlighted the importance of providing reliable ESG data to stakeholders. The TCFD, established in 2015, aims to enhance climate-related financial risk disclosures. The TCFD report is now available on CSG's ESG webpage, reflecting ongoing improvements in their ESG strategy.

CSG (NASDAQ: CSGS) has announced a 6% increase in its quarterly cash dividend, raising the payment to $0.28 per share. The new dividend will be paid on March 30, 2023, to shareholders on record by the close of business on March 17, 2023. This increase reflects the company's commitment to returning value to its shareholders while maintaining its growth strategy.

CSG (NASDAQ: CSGS) announced strong financial results for 2022, with a total revenue of $1.09 billion, reflecting a 4.1% increase year-over-year. The fourth quarter revenue reached $289.9 million, a 5.4% rise from the previous year. GAAP operating income was $78.7 million for the year, a decline of 36.6% due to restructuring charges. Shareholders benefited from over $120 million in returns, including a 6% dividend increase for 2023, marking the 10th consecutive year of payout growth. CSG anticipates revenue growth to accelerate in 2023, projecting $1.13 billion to $1.17 billion in revenue and adjusted operating margins between 16.5% and 17.0%.

CSG (NASDAQ: CSGS) is hosting a conference call on February 1, 2023, at 5:00 p.m. ET to discuss the fourth quarter and year-end earnings results for 2022. The call will be led by CSG's president and CEO Brian Shepherd along with CFO Hai Tran. Investors can join by calling 1-888-412-4131 and using passcode 2327393. CSG provides customer experience, billing, and payment solutions, helping businesses enhance user engagement and profitability.

CSG® (NASDAQ: CSGS) has declared a quarterly cash dividend of $0.265 per share, scheduled for payment on Sept. 29, 2022. Shareholders must be on record by the close of business on Sept. 16, 2022. The company specializes in customer engagement, revenue management, and payment solutions, serving over 900 customers in 120 countries. With 5,000 employees across more than 20 countries, CSG aims to enhance customer experiences through its innovative technology and services.

CSG (NASDAQ: CSGS) has announced a partnership with Actifai to integrate AI-driven product recommendation software into its Advanced Convergent Platform (ACP). This collaboration aims to enhance customer interactions, resulting in a potential 14% increase in Average Revenue Per User (ARPU) and sales conversion rates exceeding 5%. Actifai's platform simplifies product selection for consumers and aids agents with real-time, personalized offers. This integration allows for quick deployment and is expected to boost both customer satisfaction and company revenue.

CSG reported its financial results for Q4 and FY 2020, with Q4 total revenue of $260.5 million and non-GAAP adjusted revenue of $243.2 million, marking a 2% and 3% increase year-over-year respectively. Full year revenue was $990.5 million, a 1% decline from 2019. GAAP EPS for Q4 was $0.41, down 41% year-over-year. For 2021, CSG anticipates revenue between $995 and $1,035 million with GAAP EPS projected at $2.30 to $2.53. CSG remains committed to business transformation and enhancing customer relationships.

CSG (NASDAQ: CSGS) has appointed Ken Kennedy as the new Chief Operating Officer and President of its Revenue Management and Digital Monetization unit. With over 15 years at CSG, Kennedy aims to enhance the company's cloud-based SaaS platforms and deepen customer relationships. His extensive experience includes founding Telution and roles in Andersen Consulting. CSG continues to focus on delivering innovative customer engagement solutions globally, managing billions of interactions annually for leading brands such as AT&T and Comcast.

CSG has appointed Brian Shepherd as CEO, effective January 1, following a successful 2020. Shepherd, previously the executive vice president, is recognized for fostering a values-driven culture and has extensive experience in enterprise SaaS and cloud solutions. His leadership aims to enhance CSG's growth and commitment to diversity and inclusion. The board believes his background will strengthen CSG's market position across various sectors. CSG has over 35 years of experience in delivering customer engagement solutions globally.