CSG Reports Higher Revenues from Cloud and Managed Services in Q1

CSG Reports Higher Revenues from Cloud and Managed Services in Q1 Image Credit: CSG

CSG Systems International reported total revenues of $192.5 million in the first quarter, a 3% increase when compared to revenues of $186.2 million for the first quarter of 2016.

The year-over-year increase in revenues is attributed to the growth of CSG’s cloud and related solutions revenues, resulting primarily from higher revenues from its recurring managed services arrangements.  The company doubled the revenues generated from its global managed services offering year-over-year. However, the company posted lower software and services revenues during the quarter.

CSG said it has added new clients like iFlix, TalkTalk and DISH AirTV to its Ascendon next generation, digital services platform. And, early in April, CSG claims that it has converted another 975,000 Comcast customers onto its platform, bringing the total Comcast residential customers converted onto its solutions since mid-2014 to approximately 8 million. 

Bret Griess, CEO and President, CSG International
We are executing well against our plan, which includes driving top-line revenue growth, expanding our footprint around the world and within our existing clients’ operations, and investing in our people, our products and our clients. We’ve grown our top-line revenues three percent over last year’s first quarter. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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