CSG’s 4Q Nos. Slump

Author:
Publish date:
Updated on

CSG Systems International Inc. reported fourth-quarter-2003 net income of $7.1 million, or $0.14 per diluted share, on revenue of $129.9 million.

The customer-care and billing-solutions vendor had $155.2 million in revenue in the fourth quarter of 2002 and a net loss of $26.3 million (51 cents).

"I am very pleased with our execution this past quarter in what continues to be a challenging environment," chairman and CEO Neal Hansen said in a release. "We executed flawlessly on our cost-reduction program. We favorably amended our credit agreement so that we are in compliance. We have put an incentive program in place to ensure that our employees' and shareholders' interests are aligned for the long-term."

Related