CSGS - Earnings call transcript Q3 2018 | CSG Systems International, Inc.

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Operator

Good day, and welcome to the CSG Third Quarter 2018 Earnings Announcement. [Operator Instructions] Today's conference is being recorded. At this time, I'd like to turn the conference over to Liz Bauer, Investor Relations. Please go ahead.

Liz Bauer

Thank you, Melissa, and thanks, everyone, for joining us. a forward-looking contain will discussion number statements. of Today's and not statements ability successfully regarding will products, meet include, to projected integrate goals. to, their are but services our businesses through our These and our manage ability in financial limited financial expected clients' strategic needs and and acquired solutions; our our order to to achieve results; operating

statements to to differ reflect of light our new call, events. Please opinions our best risks subject and release obligation no in statements they're cause our uncertainties we revise these and these While actual the of that or any judgment, results materially. note reflect future forward-looking this forward-looking publicly or could that to current revision undertake to date statements of as only these

that investors information to information measures, conjunction is our in when decision-making. used our our and operational in prepared measures, call, as factors In of with release risk of factors GAAP. in addition to today's Investor we Relations most financial be during transparency We our non-GAAP our believe reviewed certain discuss as available with recently financial management team GAAP financial with which accordance our section greater website. will that noted press more provide discussion Also, in these XX-K are found all XX-Q, can on not well the comprehensive a by this the financial filed and

furnished and Executive the Officer. Chief I'd Financial like SEC With Johns, we Form you to are Bret and reconciliation turn website X-K. non-GAAP With me For also our on which our today more Griess, Rollie use over release to to earnings our now on information to Bret. tables today's that, Chief financial the our non-GAAP be refer regarding call of on phone measures, Officer; will the

Bret Griess

you all us and for today. Liz, Thank joining you, thank

per non-GAAP and share $X.XX. $XXX our For by X% by grew our the third to revenues grew to earnings million quarter, we X%

the include third Payment we strength take business balanced two model, quarter, long-term shareholder us our balance acquisition repurchase actions enable approach sheet. optimizing Systems. announced increase These aimed our the the in share to flow at and balance sheet a generation Forte of and value. Importantly, in of to The our driving strong cash program

have we in acquisitions to First, strategic organically win business demanding to with markets our that and compete we very increase that help addressable the said and will serve invest continue in and we solutions a environment. our that clients business deliver both

space. an $XX space. share innovative gain next-generation globally is in to management, Forte The that CSG acquisition dynamic to a solutions a serve in provide of market to and to front vertical base and is and payments is core are and that a CSG existing XX%. logical other is Even of market have for us we Forte This player will runway revenue believe growing customer our markets. Payment niche in our the this ability accelerate as solutions in Forte's lot this though is space, combined payments we player payments a Solutions billion small market growing

and verticals and Forte cable able not addition, be reach financial to their healthcare will expand partners sales CSG's traditionally In organization Forte of upon including wireless sell increased historically serviced, to channel both has and solutions. scale and new to to the they relied operators, into solutions, a cable our advance organizations. of for that in a our institutions verticals existing infrastructure expand provides to industry-leading us great higher-growth drive Forte This and outside leverage opportunity CSG investment market. wireless, with have

the to visibility cash return in cash dividends able this shareholders. a we're significant and of generation and to repurchases. our Second, in that with amount have the the our share of revenues, we our form We flow in do strength future

Over a This a manner. up flows anticipate our With day in detailed our a buyback several planning allocation the next two review majority are shareholders review past next work this sheet our three and our complement work years. of each million approach over management clients returning increase, and team years. comprehensive to of strategy. balance year, $XX to for capital the share completed for our increase These win doing cash free the help and detailed more program our day announcements year has board we productive great to compete led the in and to that out and our us to we

Moving quarter. the the on, of to share I'd highlights past from some like

a First, our the printing, working to digital an enables the out to down service customers exceptional end thanks consumer with costs digital customer value customer by touch preferred we to quarter, communicate will States. their enabling points and past help mind. through a creating are with suite opportunity, driving customer continue the solutions best-in-class at them based material and customer XX in This their approach management communications with of our journey fashion. solutions. consumer our optimize and experiences. top providers the to see to seamless, United on a based all e-bill contract ensure market and to in provider seamless, channels, in This by journey we be behavior and revenues multiyear customer change digital omnichannel accomplished postage By are integrated with we from adoption connect This CenturyLink the turned data-driven customer's designed experience. drive started generated thoughtful, the with What an mail and aimed to our integrated a as channels momentum a of experience customers will CenturyLink in transformation the manage statements approach in capabilities, provided These RFP and print signed telecom was maximize to CenturyLink, customers. and into the this

to Internet, our TV voice and create for customers This valuable America's engage service way Second, Communications, to interact another their and with quarter, past touch fastest-growing point Charter we to worked our expand Charter provider. with and with footprint continue company. within teams

both customers and physical for We portals will customers. be CSG installing CSG for non-CSG-billed self-service

solution provides kiosk a differentiated servicing with to transact creating customer cost another Charter method with way their experience their customers. a and Our for customers lower and popular business, providing Charter's

we we on-site and converting Ascendon is Managed the platforms to the we our customers long-term into managed side to success TalkTalk offering have continue services year-over-year double while And increase the in proactively customer professionals our and their our an using continue operator This see not service and our us Kingdom-based platform. profitability have signed it customers experience continue Next, with will multiyear spend. in share and IT traditional a TalkTalk, responsiveness. of of quad-play our services optimizing peak growth. performance operations offerings, their where to we side managed recurring our deeper quarter, contract to relationships. with ensure CSG's to monetization and cloud by opportunities be work at broader past and focus identify our other to be allows does United efforts area get profile

We are grow that As companies not we move faster term over XXXX, their great long thrive into revenues. than can't expenses just know rinsing and their when the we repeating.

through facing. the the going world pressures all same are Our business that is companies around

on that aren't front. We unique

to we respond pressures -- pressure we these how these can respond us. to However, differentiate

focused three we are key we As at on objectives. XXXX, look

be today our in in future. need resources First, that relevant ways us to continue position allocate and to the we to

are need made the as we we profitable revenues Second, products, And need evaluating have a With to products our we for and are assess new to we continually to in returns from those if services our investments. a in foundation, delivering verticals we determine that continue third, that manner. costs grow services. our we generating that and investments

these growth to like our and our communications our digital well managed occurring to serve. capitalize services believe material engines in growth us on that disruption position and management We over our solutions. funds markets will engines that the that be feed reallocating monetization long the from the is We customer we products services offerings, term,

per changing Our these markets. and business and making thoughtful leverage be drive our decisions solid, north revenue that in will and dynamic star position earnings share

be our may and cash remain to our to philosophical our in While consistent. shareholders. our our remains a striking approach between clients tactics investing people, returning tweaked, and solutions healthy balance committed We our

cloud-based in the of good as three solutions back footprint with we next do $XX scale are our our existing and bought our will long-term year because In the our other have the reflect X print buy can things to the model, expanding innovative business stewards continue aimed solutions. our we stock of we finish communications in to commitment our over being to up balanced payments two in our performance, to of financial another at that dividends $XXX business. past approach. levels our years. and our months We've expanding this million market invest relationships reasons. announced actions our shareholders, X with at And portfolio aimed and and optimize XXXX, We like in million verticals; products first that continue over at operating for to we keeping XXXX, new facilities people, clients our paid Our and $XX these to into acquisitions, I million dollars the out our position look many by made

over First, fundamentals shareholder the business to that value an strong have enviable us term. well with position model we drive long

the in unrivaled communications, information have and entertainment we Second, expertise industries. domain

quarter a largest We and are have to the generate really achieve balance have operating grow most clients innovative companies and across that, we to of shareholders. sound service I'll which proven the gives globe performance financially and and it and Fourth, the transformation diversify flexibility we ourselves committed and Third, sheet, Rollie trusted Fifth, we for important, financial technology review And solutions flows our journey. talented partner our and tremendous who we business helping solid with communications a to strong digital capital in have year. for company. world, a to our most our we have and establishing the solid us return turn for cash the reputation well. and this dedicated for our a to over greatness. the still work as some employees company expectations providers are undertaking With

Rolland Johns

for the our as well for financial Thanks, the outlook Bret, third our XXXX. of and today quarter as welcome, to remainder the everyone, to call results discuss

this driven million, Business quarter. were an period the shareholder enhance our revenues for in results to $XXX same more to walk of our primarily We acquired return. are the you we X% from and contribution of February. Revenues year, consistent the third second quarter With of execution by pleased with actions financial reported the the in through of which like We detail. I'd that, last those quarter quarter increase with Ink, during

$XX quarter which XX.X%, income Our million is operating of third in margin expectations. non-GAAP a with line was with our

of XX% or revenues. quarter third the for million $XX total was EBITDA adjusted non-GAAP Our

current of non-GAAP the an X%. Our increase from to lower the non-GAAP was This income rate enacted primarily increase $X.XX, tax $X.XX EPS the for compared quarter U.S. recently reform. tax effective by was driven

We sheet; of quarter. ended compared cash $XXX quarter. $XX Moving third of cash quarter, sequential generated free The on the $XX we million operations the and of cash million to the to from was respectively. quarter flow balance investments higher free due the reported at the $XXX of increase cash flow flow. flow and second the million short-term $XX million flows and end with $XX of from to from primarily and operations million Year-to-date, for cash we cash million

$XX.XX a of year-to-date, weighted $XX at million $XX share. dividends, repurchased per we Additionally, and of stock paid of million average price we common

in solid and both balanced with the and acquisitions, shareholder organically foundation returning with flow the value Our This to shareholders. strategic our balance in financial and form create to and generation us sheet. driving flexibility business our provides our a resources strong approach, long-term investing for take a cash business, of model cash

three repurchase coupled of our majority increase, our As common our dividends, will of of with cash flow Bret next over years. the represent a payment return authorized mentioned, $XXX free board of the investors. the stock of This million to

million $XX to fees is We These revenues. revenues. our acquisition and for addition, is of the reporting a XXXX closed represented fees cash, October price about Forte a other the digital within fees. payment a significantly advance cloud-based controls of capabilities. to GAAP this acquired on provided fees space projected we Systems presentation transaction services Forte in purchase under In Forte's which equal integrated Because for payment the bit diverse transaction to payments Revenue contract service payment against Payment processors service of and institutions these not and payment-related third-party interchange X completing and financial delivery financial represent transaction. the gross contracts, around netted

that the guidance, control take integrated not adjusted However, just fees who with the the excludes payment CSG's service fees, and a accounts payment provide non-GAAP before payment moving measure transaction our provides investors total to other to from for a transaction present to as performance which fees. specifics of highlight net the revenue, of on greater of I want XX% do performance revenues opportunity about transaction comparability better revenue, the companies. business believe revenue. excluding companies of of of to or these understanding revenue We introduction Therefore, Forte's other presentation total

now, So to for outlook on let's XXXX. the move

end We forward of are million the the from fourth raising $XXX addition we're year-to-date And our full the a the of we overall quarter near million as Forte to revenues the and to reflect including acquisition. range impact, by million, $XXX results low visibility transaction narrowing end for guidance given of to year. $XX fees our

are adjusted million, full of transaction an expect when revenues, these that million our X% range fees, to We X% $XXX increase compared to XXXX year exclude $XXX revenues. revenues non-GAAP to to from

We acquisition to XXXX the of non-GAAP the our expect be impact accretive Forte slightly EPS. to

XXXX interest of income. expect the experience to However, some of we year. offsetting EPS lower XX% range increase $X.XX maintaining of non-GAAP are guidance and to over movements This we EPS a represents as level prior $X.XX do FX an XX% to our

it down XX%. which Forte mid-XX% full our expect we we operating will a closer previous accretive earnings, for believe be to expect margin, to to slightly to level we the dilutive Although now XXXX year, to the from be be non-GAAP

tax approximately be XX%. non-GAAP rate anticipate to continue We our XXXX to

we believe average shares outstanding so repurchase outlook are will our our impact share announced approximately addition, million. have share to our XX we calculations plan for In recently XXXX, minimal maintaining for of

million flow of historical our change our cash and cash $XXX after performance This million. to XXXX year not to capital strong range our patterns, experienced from generate average to flow lowering $XXX Finally, our cash in consideration operations. that operating also flows cash only variances we contemplates continue we've flow it year-to-date in acknowledges timing years ability working but certain this and past to are

benefit we In accelerating cyber summary, execute full million. in we some on expected investments before of capitalize quarter. increasing CapEx and continue addition, a equipment $XX from modernization approximately our year the going capital on million we are end XXXX technology, the to this In into to Therefore, spending are year of to our $XX 'XX.

are of growing in revenue We are investments result line bottom as returns. a and our business driving

long-term approach We are investing by while allocation value. executing our to strategic our and on acquisitions organically capital with capital returning shareholder shareholders to provide

our to addition, in In people, and business our long-term invest we continue clients drive our to value. products

pleased this strong results a for it over for questions. turn to and the are year We build deliver that, with operator future. the I'll solid our achievements With business to

Operator

Stifel. [Operator Instructions] from with question first And come our Tom will Roderick

Matthew Van Vliet

the each have bit Tom. But I quarter. This about here, what discussion terms I just is but there Matt of little on initiatives a Van Ascendon's for there guess, customers revenue and then to on of progress maybe ramping that to initiatives of you've what is maybe announced some in kind of up some non-traditional and pipeline now. CSG terms alternative seeing use the maybe you're what looking some cases or for recently at dive of a limited hear off, Vliet in you in first maybe wanted time of various know contribution and wasn't Ascendon lot you've here about what the I or at

Bret Griess

right, as Yes, much and Matt, we're question. the And timeframe that's getting always the in information I you're appreciate looking possible. at

it always at as One we luck And in good the teams digital to the what's out that growth the leading we're and to the transformation continue we progress With investment, core Arrow the products, management our we look we're we're digital we to And We've there. sites. and we the the at and revenue and part Arrow revenue and for continue that around doing continue revenue but that the products, of have with continues Ascendon management had of continuing IoT and see customer research the rollouts at roll is driving. it with the future. monetization Formula than to a area races and would area Electronics one platforms be on there. development it. like activity happening When out next-generation double-digit work further space,

Redbox -- and there, we're rollout course so great getting area customer non-traditional we're for forward. another is we to And but where the stay as it us, going with move

itself We the we're of our is modularity products cash an to the up the in incredible Ascendon tool confident. the know servicing opens from continue those areas it's other and also that industry. it over legacy our and solution in specific We time. continuous date generation roll As -- know grow IoT for out, we and and don't to expand customers are future. platform the and And very and have as the it wonderful for flow space but opportunities

Matthew Van Vliet

be the some in you at least And or the at those lot when further -- you a gaps opportunities pushed have look the the platform that's then payment of the that be functionality Ascendon? Forte can that certain Ascendon that you is did of or cases were acquired, the use of platform on may Or current extent? integrated types a necessary combined to within

Bret Griess

that as accelerate less is it out on of gaps that The Forte would to much say future. the was greatest that thing came as the I ability

the the around years So that we a to very into very area governance base. AWS in some it compliant brought customer from healthy fully were the in us went through as components had and compliance move we they allowed area, that and technologies transaction from rapidly

and to payments to and get to years of it and and payment So make take get things platforms a the us there can that some platform single between allowed it tokenization did better security was get healthier and an their other it market. that experience even and push these for years R&D solution what to our payments of for new we

great our view people accelerating of CSG. other team the current Ascendon us platform roadmap markets on getting and putting of just we in way great a some as So it and

Matthew Van Vliet

anything like lastly performance; customers sort Was terms maybe overall particular looked in APAC, Europe in you're hit anything with highlight? just weakness strong. success line to seeing specific the was in then would any in of sort highlight in conversely And Is some And macro you there company. there really again was Europe there? might on that the geographic of up have you of that some of America particularly that North you there?

Bret Griess

it analyst. as financial you know how on changes You a day-out basis. a is, Matt, the than how knows Nobody better day-in world and

use others. it's So we're business in never excuses. coming great mentioned, that is roll of We in more a out in area, see happen our services on evolutions there What we parts level. Europe where we starting with and world, We'll our that today those see in of are direction. macro the as challenged that happen in platforms TalkTalk Ascendon, to strength as management certain

that been it issue. timing it's model, services strong We're recurring it's and it the ups but as just in chase busting us. teams to nothing a the so tails the sure hasn't It's have helping APAC there So front, managed strength and their our That's are in as forward. don't downs. goes long-term on is maybe we revenue that bad

we and the but in are and market things and cause is sound, the bumps. the our opportunities us continue influence North that everywhere great that so like happen, model platforms comes, on things in are And that business the we the grow they'll the and APAC And serving services so stock team see sound, as is Europe America. now. And the future Ascendon volatility in else, are see us even services going of that there's with and sound, macroeconomic managed well to outside managed drive and with and that we

Operator

question will Company. come Burns next from Greg Sidoti Our with &

Gregory Burns

kind Can customer base maybe far go just managed converting million you Where managed answering just how into are into customers Could targeted of talk about you question Europe the to know like and managed legacy $XX terms you of you are you to your revenues. goal? were in of those of the in million about had maybe service you in penetrated services? $XXX that terms last I past that services? And standing

Bret Griess

and disclose that that tell Yes. from our progress it still in But segmentation don't great We would perspective it you having nearing front, Greg. actual that I rolling portion on are we out. an of goal

that a customers loaded Asia those have they're not region those customers Europe with gotten transactions all the large the make back and front-end in going short it people, in dealing usually systems Pacific we where of it So up period of because multiple that in But time. we're fact we in to. end, and of we've convert usually are to the

domain third the just And beloved we So to our out customers as I we're value knowledge core have tell to we're season feel second converted, going of would and that is it the in very here. in that the the probably up in for course confident Red terms, possibilities bring inning were opens because or the can we to it we of Red that but and and you, Sox, stay continue baseball to marketplace Sox baseball opportunities us. the we're we talking -- my what the so in are

Gregory Burns

cash free a or bit little lower then been flow of the terms conversion, it's cash year. And in this

working kind I rate? operating in of a this some talk flow kind that maybe were run then you're terms you year, CapEx little cash new last free cash it's think you Or issues. of bit does just can this year? year? is capital of And mentioned a about the that flow, why normalize free trending you But where to next below spending

Bret Griess

well position. pricing will -- technology upgrades sorry can get opportunistic where position seriously. had that our some purchase some our technology to I'm long-term also We for we on be very it that us but the run and things some term, capital not rate, some We new do see take not to and the as for we long

year, we ebbs to say You'll year, up going would year, is a and and down down it's see, flows. I you have ebb up year, year. year, know, historically, flow don't next this I Rollie... if look

Rolland Johns

when in strong kind I focus you Yes. steady and the on -- pieces, as the like in it working the it then and look capital. the from years. two changes from just if at remains And has cash you we flow from operations operations, cash the And to in operations in of cash And past continue well so... it one, look expect

Gregory Burns

And -- sense then in year, out revenue, of terms will full doing? us Forte And rate. you just maybe -- growth we of year then of look the their you of Can be? about Forte, next been operating the dilutive talked give of that what a to they've note type growth contribution to about margin when how the $XX-or-so-million

Bret Griess

As do I Forte is the not that. forward. being in with see from we my see move line about space it comments, taking space, in growing payment and EPS away XX%, we as And the mentioned we our

space, we It space. with customers time. line We in historically that being seen smart line capital EPS be impact we over our rare that with it hold the will top this payments and when those serve as we in can negatively growing strategic very to way and margins. see a in to get that but better. to and it deploy see a impacting We revenue growth being will fashion, make And good negative will things, don't that ourselves healthy, we've decision

Operator

Moore from come CJS Chris will Securities. Our Instructions] next with [Operator question

Christopher Moore

maybe stay some that synergy just more XX interesting specifics the this sounds Forte down to you -- is bit key can walk Forte already months? minute. -- and could Big like It there at? for between line? for X of next picture, And you little the through maybe we terms are see a milestones you in just Are looking kind how with are you're that some CSG, things potential but really there of Maybe there a there evolving.

Bret Griess

"What do, are up synergies are doing, from ask, there's where there we a historically synergies And I how thing the you doing. things will look acquisition, here, there. mentioned I where counter-perspective some technology of from that what Chris. from help. show take when been we We people have acquired?" Yes, that can just perspective And it look seen where, also not material at we can I at can They're give a do that and our but legacy from There going to engaged perspective, activities, go-to-market companies we've base the in our are looking our current with also, comments, highly we folks that won't sales continue activities some that the already we that. as and be drive Forte a an and from to are on customer in when at

take Top healthier X for our heck, clip management So of it's to revenue in every drive customer a we're earnings, if client part how -- And about there. doing going AT&T has us. If to core I business. moved the get component communications talked those our be with CenturyLink and growth and activities that we a we're future it's for Forte the manage at growth

we're some disruption great that are We're seeing another So can teams area there. Forte already is and in traction evolve. anywhere digital helps space us, just the happening we And working. and do excited continue about market to that really

Christopher Moore

just transaction on -- the XX% be the out not sounds of a the don't selling an -- basis, $XX better that Forte effective you client kind trying the rate but lot it better that. the on it just growth a margin fees it's in margins start some XX% we're the that into rate, go-to-market like Like of on adjusted or -- a From or growth, So kind base if of on to than I run on sounds of there's of at million to that. revenue certainly looking see range if kind a side, there, little opportunities. like standpoint, strip gross XX% could to number, a your handle get obviously, actually bit got

Liz Bauer

that through again, go Chris. math So

You fees were out saying or interchange revenue, the total fees? stripping any

Christopher Moore

I there? fees -- just kind the million guess revenue of rate the starting with that I GAAP is $XX assume in has a interchange run -- the

Rolland Johns

Yes, that's gross.

Christopher Moore

a from gross gross perspective, proxy So if at reasonable you're -- what's we're it for looking margins? a

Bret Griess

are continue industry Yes, that gross that we're margins that to going drive space. match the to in to

And the but from so averages towards to over it baseline for that the improve industry develop breakeven it time, they've there, run of upon to in we'll business drive and grow try Chris. area then everything and that

Christopher Moore

you if sure gross not what industry maybe help margin the can there. out, average I'm in So is me

Bret Griess

said, is the fees, releasing -- that we're at Rollie the way looking interchange and out. because -- with new As taking it fees the of the interchange we're

payment see space, broader business at the from gross get it's in What We'll acquired. slightly that the Forte what is that we around see it. to they're spot space with Our in business XX%. we that CSG, and our the payment also below with including traditional And runs manage we to a there. space to continue usually margin

Rolland Johns

indicated, looking at as ahead, -- So I Chris. sorry, go we're

Christopher Moore

the adjusted then get to on is to target revenue So the correct? trying XX% margin, basis, that gross

Liz Bauer

took... -- up follow you Did that

Rolland Johns

Yes, I have.

know Chris, let what, further follow-up me You on detail that. with

Bret Griess

that Yes, sure to right we make we're update it. better on

Rolland Johns

slightly had whole believe will operating At like margin when be be it business accretive -- percentage, we end the as to as at to of it, us. the the to operating dilutive margin, I we're looking day, but a indicated,

Christopher Moore

unique again thing, understand other real be there? sounds the to terms walk that. I want the like sure one could It quickly of just Charter you Charter. won't I that opportunity And in that footprint just expansion, to just make

Bret Griess

their other industry base local unique kiosk store activity perspective solution areas, is with go It's serviced there's way. you base because that their the still transactions go that you to an the customer grocery or and your that -- likes when to from consumer that a certain the by now, Charter do portal that to way is the unique is to not dealing

out, out. it to customer those touch creates it build to just rolling with so the point And another continue

solution And rolling their digital to that overall comes and customer all this into CCM a end managing one for Charter so us quarter. with out space consumer activity It down interaction the new experience. buying was it to improve that within

Liz Bauer

kiosks non-CSG Chris, And and are actually, point, servicing and portals to your customers. those CSG both

Bret Griess

point. a That's great

it's platforms. So our servicing own beyond

Liz Bauer

own beyond Yes, normal footprint, our yes.

Operator

Curro Value Holdings. from next question come Tim will Our with

Timothy Curro

business you them? with How box. planning that Comcast recently introduce it announced your see that is streaming a to affecting set-top would

Bret Griess

is them a customer -- phenomenal, innovative Xfinity Comcast their platform. as and in The space. our an incredible We platform see

one one, in ones back they streaming directly and sure platform, off from specific University perspective. got we're that Xfinity streaming platforms such front. that got other platform They've their as Ascendon you're as revenue use servicing we residential, I'm if solutions, Xfinity some office They've our uses different management them not -- referencing. far that As which a their it's where

So to to and innovative we'll and things, like incredibly new everything we as on we serve them them. and continue to said, can them support see I do doing continue

Timothy Curro

set-up gets streaming Or to residential just just a something guys be So if they you it billing? thing it to something provided customers, in is them another to Ascendon with their would sell box that affected to that end-consumer their is where deal could broadband address where would introduce because you be experience?

Bret Griess

ACP platform have now, both found as specifically. right the I to don't residential process. powerful got subscribers which monetization digital you're our I tools our and referencing assist that we revenue the like box, Well, platform we've our and incredibly But in set-top them management but all said, on Ascendon platform, know one

customer their XXXX great Comcast June ours. a residential and them. We've is of contract of got through So our with

a areas, our is work set-top streaming solve of Express in of to a University with our which Xfinity and continue kiosk. a and user Workforce that Ascendon we're platform, product. them. partnership they're -- They're user to And there. on They're working box with around we'll a our other that's in We users of them

don't elusive. to be of not serving University specific residential So and one about, streaming trying like Xfinity the all ones as platforms. in but their we're I talking said, know you're them I'm I

we great to believe platform we've got So them. service a

Timothy Curro

competitively was question; Forte bid? that One

Bret Griess

you most years, we customer the kept what tell partners. sense of they our I advancing time, base positions through would and it made in with of we're over where spaces partnership for where that Forte at. them for in We've us they that worked if were most and if our the it's to one We've acquisition. areas the sense numerous to well for go core over an found us advancing government, the with just time, outside some healthcare and and and it it's And really of worked partners, the serve,

look strategic was our became at -- that So to we a mentioned acquisition. and as Whenever drive an high it's partnership previous long-term on really calls, some growth revenue we've of future grounds the it boxes, they fit, look three at a cultural we're And we board. does good really also and look We and sense? earnings. on them all economic our make at, have checked excited to

Operator

Griess Instructions] remarks. additional closing turn and or question-and-answer conference the like to for today, session to [Operator our That back does conclude Bret I'd over

Bret Griess

who And grateful I And to that to the talk we business to this it. for it. us you can't our market. that to business the as on support we our grow Melissa. next and the always, serve continue our And We your quarter. time, really extremely thank appreciate the for you, call, took to enough continue investors time in build extremely we'll customers again continue thanks for and be and confident in everyone employees to we and be you as Thank say

Operator

for does today. That Thank our conference conclude you participation. your for

CSG Systems International (CSGS) 11 Nov 182018 Q3 Earnings call transcript