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CSG Surpasses $1 billion in Annual Revenue in 2021

CSG Surpasses $1 billion in Annual Revenue in 2021 Image Credit: Atstock Productions/Bigstockphoto.com

Leading BSS vendor CSG this week announced that its annual revenue grew by 6% in 2021, surpassing $1 billion. 

CSG has been a power player behind the scenes of the telecom industry for 40 years. CSG currently serves hundreds of millions of telecom and mobile customers worldwide, and it works with some of the largest communications service providers (CSPs) globally – including Comcast, Charter Communications, Airtel Africa, and DISH Network. 

In fact, CSG recently announced major expansions with Charter and DISH, extending 20+yr relationships and helping to propel CSG’s stock price by 28% from the beginning of 2021 to the close of last year. During the year, the company also closed three meaningful acquisitions (Kitewheel, Tango Telecom, and DGIT Systems).

Brian Shepherd, President and Chief Executive Officer of CSG
Our 2021 results prove that we are delivering on this commitment as we built accelerated momentum across our global business. We reported our best organic revenue growth in over a decade and crossed the $1 billion annual revenue milestone for the first time in our history. Another highlight of the year was the renewal of our relationship with two long-term CSG customers: DISH and Charter Communications. Specifically, the expansion with Charter represents the largest deal ever signed by CSG as we become the revenue management provider of choice for all 32 million Charter subscribers across their residential and small-and-medium-sized business footprints.

Author

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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