CSG Systems International reported strong fourth quarter and full-year 2024 results on February 5, 2025, including record quarterly revenue of $316.7 million in Q4, a 6.5% increase year-over-year. Full-year 2024 revenue reached $1,197.2 million, up 2.4% from 2023.
The company achieved or exceeded all profitability and cash flow guidance targets for 2024. GAAP operating income for Q4 2024 surged 70.9% to $42.3 million, while non-GAAP operating income increased 32.4% to $58.3 million, resulting in a non-GAAP adjusted operating margin of 20.1%.
GAAP EPS for Q4 2024 was $1.21, a 175.0% increase, and non-GAAP EPS was $1.65, up 79.3% year-over-year. For the full year, non-GAAP EPS was $4.72, a 27.9% increase. Operating cash flow for 2024 was $135.7 million, and non-GAAP adjusted free cash flow grew 9% to $113.3 million.
CSG provided full-year 2025 guidance, projecting revenue between $1.21 billion and $1.25 billion, with non-GAAP adjusted operating margins of 18.1% to 18.5% and non-GAAP adjusted free cash flow between $110 million and $150 million. The company also highlighted 5% year-over-year organic revenue growth in Q4 and that 30% of its revenue now comes from faster-growing industry verticals.
The Board of Directors approved a 7% increase in the quarterly cash dividend to $0.32 per share, marking the 12th consecutive year of increased payouts. This commitment to shareholder returns, alongside strong financial performance and strategic diversification, positions CSG favorably for the upcoming year.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.