CSGS - Earnings call 1 2023 | CSG Systems International, Inc.

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Operator

Good afternoon, ladies and gentlemen. Welcome to the CSG Systems International First Quarter 2023 Earnings Call. [Operator Instructions] And please be advised that this call is being recorded. [Operator Instructions] And now at this time, I'd like to turn the call over to Mr. John Rea, Vice President and Head of Investor Relations. Mr. ahead, go Please Rea.

John Rea

section and we everyone a will be these Investor which operator, a Please Like to moment slide joining last can locate Relations the on quarter, be found our thanks you, website. for take to slides. us. deck, of Thank working from

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

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

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

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

Brian Shepherd

XX.X% everyone. Hi, key proud organic, team XX% to profitability call joining with metrics. revenue today's fantastic across growth, year-over-year growth X all we We in organic Slide nearly John. that margin, Thanks, commitment you quarterly revenue improved growing CSG posted as quarter our QX faster best begin operating We delivered EBITDA CSG's X. QX on delivering both Team adjusted committed non-GAAP EPS XXXX. our financial grew appreciate leverage scale. since non-GAAP And faster, results XX.X% decades. revenue than and XX.X% We revenue out. a quarter in, I'm report margin in represent year-over-year adjusted as quarterly performance performances operating with we non-GAAP all delivering gain record-setting which operating growth, CSG more and to on is best bottom we line leverage our expand expanding of to

fantastic brands And to lose of as in work growing value and faster-growing number we every exciting industry we bring who competitive and big, a serve dedicated greater to biggest of hard so people do culture this, fantastic never advantage, sight day talented the our verticals. many we

competitor's During of fully we XXX% migrations the that Charter wins several to pleased now and of report off QX, success complete. stories. exciting I'm had a subscriber system customer billing are

and more one our provide I'll with the first payment We we sales faster in exciting by CSPs of on is growing and merchants results. and for XXX,XXX the day, our for CSG's fueled revenue SaaS the on relationship other these platform of ongoing shortly. At products success demands Arabia, wins our expanded impressive our also top active surpassed in market the color industry-leading end Saudi our time.

faster in win a growth in of customers ] variety wide new to big [ wide continue industry We verticals.

strong. and healthy continues Our be sales pipeline to

should showcases I important our believe on which impact. high-integrity ESG, deeply A inaugural Impact that inclusion initiatives can to around our people good issued about CSG, Report, diversity, community and and our ago, At Another first. and touch we global companies to is doing dedication topic finish good. caring month want we

Prime strides earlier is the report rating Over year, that an our comes year to and is top agency of Accounting in disclosures. our first perspective. Sustainability XX% which disclosure our we our means quality second and Climate-Related and having past Financial year, on our released In ESG moving rating ESG from CSG from practices, Standards in we've software Disclosures when made needle huge ESG first the Board the April, increased DEI received last it Taskforce report ISS, its peers consecutive this

BBB Additionally, MSCI, We the rating from ago. important continued received to progress sharing the a years this we quarters look rating received X ahead and journey. years a forward in from on step-up our AA

range, followers want reiterate I help value growth. deliver X. in long-term the aspires allow midpoint Slide consistently that highly the X% above striving be to X of organic range, CSG with the CSG of disciplined, to to progress. our combined to this story to or to and our shareholder accretive Turning track and X% strategic create at growth revenue more objectives strategic will inorganic

platforms by more. being fast fiscal we scale year health financial bottom the with We be win billion finally, SaaS our in of revenues in big in plan strive competitors. aimed even to We faster to industry diversify provider operating X.X% and revenue than and organic. And do like growth. value-adding to revenue more verticals year operating expand as range, growth at top reminder, leverage a by care, communication or choice $X.X faster with for as than line our to business guidance by #X our we As government, service growing technology XXXX XXXX midpoint year-end growing providing revenue by of the line easier providers technology most retail, all global the and services, revenue full revenue the XXXX represents

to that can against with excellent see you X, XXXX. Slide QX objectives we X all to delivered Moving start an

we QX revenue revenue growth. during $XXX reported revenue of million side, resulting On the growth XX% in XXXX, year-over-year strategic

SaaS On us the the XXXX, believe By healthy uncertainty. of right-hand model Slide an recurring our midst high macroeconomic in make business revenue and X, CSG's harbor strong attractive sheet we side of in gain we balance implies scale revenue recurring markets XXXX XXXX. annual revenue, we in aspire $X.X to over where the generate in CSG will and which million profitable compete billion that to added $XXX have from that

aspire strong team. that team CSG be Directors growth expand reinforce value shareholder nor on or for assured will the management long point, sheet is exceeds empty last Investors can our and operating medium principle laser-focused leverage continue use and key revenue not growing EPS to a to and the we revenue that Over I revenue, to On deliver Board balance to non-GAAP this growth. CSG term, CSG's empires of adding calories. building our creating profitable meets

explore strategic capital We on as range will more maintain we to high a a wide of invested mindset value. return create moves disciplined and

fragmented Charter American last year-over-year, over partially that is months, this coming we at Turning choice strategic good and other top both a our the migration be saw BSS communication telecom executing legacy we CSG global largest to cable success in to provider good system of into the globally that for of but was win service XX drivers, the our North DSPs, continue we our a our technology market. from Slide engagement and continued expanded at beginning from operators providers broadband We was the year, business X. in Arabia, had American also revenue subscribers one competitor's driven and Saudi result with great see the to the to It the North This combined modern against of At to CSG of platform. proved specifically customers growth and QX. consolidate with billing more well by unified #X we grew team X global trusted in QX goal XX% in priority. telecom success platforms are

solution their will reduce with customer's and operations. Our offerings business of market to BSS new complexity, improve time the this enhance efficiency product

also the the relationship expanded we our in and leading operator with During a Caribbean. Latin America quarter, telecom

its engagement now customer digital business we needs. helping Specifically, are with this

this cost their dozens will experience the in operate. which solution digital they and reduce Our of countries customer help standardize across

from reports conversion, has XXXX revenue payments revenue leads from and across can brand's powerful quantifiably in XXXX. these fall, fluctuate launch launched industry journey verticals our over on rapid choice CSG data growth industry a QX this exciting XX and care does X. sciences. partner XXX or from of wide services, a insights mean continues coming CSG metric customer for unforgettable Turning a this we where and less, faster and verticals providers, digitize and to What turning industry engagement price service brands integrated industry XX% and quarter verticals. to Xponent new digital that for turbocharge health XXXX customers. Last while Slide points, came experience loyalty to Lower business connectors brings new communication outcomes revenue our in range customer improved them prepackaged channels. And and brands financial customer Being leading Since our in X% be This verticals? entry investment. of templates, the return days game will total into customer diversified with of SaaS platform XXXX, results for retail, XX% life of CSG to and for which experience better higher help modernize to from their CSG exciting quarter, we changer big Ignite,

nice During company landed is Marinas, largest United expansion with Harbor marina the a in management QX, the we contract Safe which States.

how personalized leading customer market, to human enable simplify CSG products verticals. Also understanding that experience and interactions. architecture, patient payments offerings. interactions including use CSG is cases customer is testament a the Specifically, supporting their will their engagement their finding solutions platform. of voice expanded to channels. U.S. digital In we and our our Marinas suite example transform growth through go-to-market QX, with new industry their digital with multiple industry-leading continued solution across across health Safe Harbor company our integrated better multiple a payments of operations, builds relationship our SMS The SaaS consolidate in care This another is is team

business our revenue growth ACH, QX, gateway We who double-digit to ISV excellent award-winning solutions active top growth. and serving recurring merchants partners strong and verticals. range payment card, processing payments need industry payment line wide credit provide approximately capabilities, with year-over-year payment a During now revenue of delivered XXX,XXX

signing and ACH verticals growth our accelerate and XXXX in excellent by posted double-digit even processing, believe possibly our ahead, continue QX continue strong In both anticipate even industry in growth. We to revenue organic payments better full year scale XXXX, like looking leader property add we management. partners results a and in And ISV will into As fast-growing business. we we beyond. XXXX

this regard. To our improve are growing our so significantly already expanding every why faster, like in and profitability As good hope team business. aspect we is up to of achieved CSG diversifying our is in Slide wrap hard the and revenue working importantly, we CSG see we business, in more, elevating you on QX results I profitability X, payments excited.

QX by and decades start Our the results we to were XXXX. best delivered us strong a in far several gives

in as know expanding of all detail even continue and sales we retail, continue healthy to faster around we transform ESG I'll more, provide We to all that best on the pipeline attract, sustainable all to our stream guidance retain services, the most via health With fuel cable, to more into government in continue make inclusive and sales our targets. develop revenue and diverse DE&I trying more revisit XXXX the media, continue good to initiatives industries a that, it our care, CSG financial over potential. world to serve our the wins isn't to close telecom, QX Hai turn and reaching talent world we industry, fullest team we and while yet and growth. And and turn this the is, exciting as the to steady --

Hai Tran

Thanks, Brian.

solutions financial results, some which CSG services. the wrap strong payment Let's increase to closure $XXX on of and million certain other primarily accounts conversions represents with up organic generated XX.X% Starting revenue We of XXXX was I'll of growth, all walk Slide which through deals, then our attributed organic. conclusions. revenue was increased and QX XX. customer of volume, year-over-year ancillary onto The

long-term related we items, excluding earnings from would QX QX growth As than of range top call, end was certain QX deals revenue our these the rate slipping uplift still XXXX. to QX mentioned higher XXXX timing our into of the some revenue X%. to QX the X% our revenue been we on When of growth have in of recognized organic

in in the Our non-GAAP or a be operating The XX.X% QX XXXX income to as income million the mainly non-GAAP higher margin operating million $XX the leverage. of associated non-GAAP operating non-GAAP operating attributed $XX compared revenue adjusted to or and year. was percentage income prior increase operating XX.X% adjusted can margin and

Moving on.

Our or XX.X% fees, XXXX. million or QX $XX to transaction non-GAAP compared of XX.X% revenue, XXXX adjusted for as of in excluding EBITDA was of QX $XX million

Lastly, EPS offset non-GAAP non-GAAP currency compared EPS our quarter, by to income expense which QX the in and as growth. $X.XX in XX.X% year-over-year was the represents foreign QX, increase interest to higher due XXXX in movements. operating is higher $X.XX the mainly prior The

go Turning to Slide our and cash generation through XX. shareholder balance returns. I'll the flow sheet,

free Our from from of QX Further, in XXXX QX cash $XX operations free million operations million we QX $X $X to had changes in XXXX increased cash cash the But non-GAAP million as outflow of compared performance as our million as flow prior of tends by year. flow QX employee flow $XX accrued was historically, to to cash cash a of free cash compared year. was capital compensation reminder, XXXX. be QX and of this point working in flow outflow The favorable deferred of driver low revenue. the driven the primary performance of of

We cash short-term sits of with million at and ratio debt, million on. ended results XXXX, at debt in with net leverage our net March XX, $XXX first along debt That, outstanding of our X.Xx. $XXX and Moving quarter the investments.

capital currently optimize rate As ways continue we a interest exposure structure a rate, our to to balance is XXX% have volatility. floating to reminder, potential explore that but and

QX declared the XXXX. in $X to bottom Moving of the we during of right dividends slide, million

minimum did employee we but stock last over anticipate stock, fully repurchasing XXXX, months. the at repurchased any in future During at shares year to compensation. least have repurchase a We QX enough dilution million each not $XX of and XX from XXXX offset

Turning reiterating XXXX simply, are all Put the page, XXXX revisit I'll financial targets. our we guidance target.

revenue forecasting slightly half. non-GAAP QX, Given the our QX be February which QX operating first margins call, XXXX of to deals, as stronger a anticipate and closed adjusted our our to we earnings QX due are than now strongest of we we on timing revenue half our to XXXX. year out license second of Further, strong be signaled few profitable and the moved in

dollars revenue less non-GAAP to we to percentage the of and as EBITDA, continue signaled our build adjusted non-GAAP year results throughout revenue on of the as be call, a increases our QX adjusted revenue, of both addition annual in now In timing we being as our including an low as anticipate strongest earnings EPS. anticipate certain our for margin, to we operating year. non-GAAP non-GAAP operating QX And adjusted a to the year quarterly February metrics, percentage, results the fees begin impact as the point have actual and margin well of metrics on profitability normal transaction merit

learning with remain that, a consistent allocation X to we pipeline, acquisitions. base are question-and-answer inflationary include a this capital and visibility disciplined combined reward environment, Going positioned value-adding growth, revenue. integrating XX% over committed to of to session. approach the our business serve accelerating be sales operator and closing to expected the facilitate We well. With challenging customer with forward, make CSG is given will above resources. our diversifying remain I'll to devoted prioritize the how of we strong shareholders continuous managing risk our capital. In it We may disciplined, well XXXX business. a our to We our which revenue our to the and disciplined believe and our framework high-quality distribution turn conclusion, run in adherence approach of an every continue will investment relentlessly Innovation and with cornerstones

Operator

Blair. Stotler of William question Instructions] first We'll this take afternoon from [Operator Matt our

Matthew Stotler

Maybe of get ahead, how pipeline can off here, of overall Xponent just going closures. your the love these with, you your some on both expanded Forte. where you would specifically of of funnel to products more developing then environment, kind to focused through deal for new adoption color products the forward. think top flow on and I demand to as this you're keys the some driving and give And start it's color on in Any

Brian Shepherd

for in good growing business, growth. a and steady to first strong Matt, both digital saw And stream we what in Yes, we the of of pipeline new double-digit Thanks joining. conversion. CX payments see a pipeline just the question. the with the deals, and

North where that North the continue continuing expectations America. machine get this Europe. America a deal with force of good have logos and get to it to sales success One, keep We new a Ignite, for given digital A had CSG existing a in we our partners actually that, we've will direct we're continue is more of of have CX quarters us with expand the There taking on to sales to into things. in both focus of remainder A it amplification global for big just more customers, focus try working channel big area Xponent with be new and we'll we us year. to in is going. couple

on seeing we perform a to we the side, to expect we lot, which continue digital well, what fully have do. to So CX like we're just and

and based transaction On cable these several a that it we've again, see payments, channel companies. you sales strong volume. that recurring on increased the expect X performed the just working And wins of sales seeing double-digit in seeing. our could ISV we well, get just more and verticals to business, in growth it's core we're continue in partners combination pull-through pipeline organic to big ongoing One, Kind things. with good high of

deliver to and great and will of that grow continue And help a in the convert more have for we in contribute wins. space, and telecom referenceability variety actually win, from nicely CSP to then value then continue bring global We to factors. to just

Matthew Stotler

terms you channel more just ISV the ecosystem here. on you payments to point, click deals? the partner double partner where Obviously, how think where contribution of in outside follow-up about a in additional partners at you're terms looking forward? influence And opportunities at engagement for this Could you that, the just mentioned at when broadly partner as Maybe on and going for U.S. enablement as of you're are you

Brian Shepherd

Sure. to what maybe global the more domain space, that would of complexity. across they break customer segments, work want platforms more sometimes. say the segments, it vendor partners They we and and cable is that market want customization But I'll of seeing amount to and product reduce process. in different we're I with of want of to supplier the their bring They expertise. business kind simplify CSP

still So I from products and credibility it's a say morph. to sales we there's partners. those digital coming will we of where there's brand opportunity. that a more would to that vertical-specific I more in on the domain it's more digital CX, big would think industry work offer say But other brands a And the still you begin much offerings there's direct I they that the with sales think see work approach. think But could CX. other from opportunity direct majority to expertise, a big have solutions these verticals. In I

payments, good In kind a more it's of actually combination.

pick modules approach have ISV with partners. platforms through which our or sold integrate they're have a can and choose modular take We stack can our where full with we what cloud doing. they always They

more So layer direct sales. been trying it's channel-friendly and to we've on a very been model, always

combination with more of a can the though. good Net-net, between X. So channel see lot mix in do a more you the there, we

Operator

We now Harrigan Matthew go of Benchmark. to next

Matthew Harrigan

love the products Xponent. Can demonstrate something background, sound I demonstrable it economics with the customers really the you months on you but also you having did for getting about that have about out to, it's on talk which real faith transformation. as report than I on more Metaverse ] could Brian's people you of but you sounds put take how talked virtual ROI guess getting fairly about points. monetization, this rather it like the you experience, easier leap as McKenzie to of to the I ago, talk back kind just echoes And I'd think, [ probably customer a there to salient digital of and your to a while, nearly get state know talked about And storefront. doesn't like sleek XX but

Brian Shepherd

months you Thanks, realizes as operator every XX every easier world joining. I COVID -- big around example we've just appreciate every What in in is bottom regard provide great maybe help that they've Barcelona, make we every a in line. cable board, World CX, to just more in initiative Mobile sell Congress, one. vertical it weren't could much vertical. telecom this When that Matt. say digital loyalty, or This world costs, CX has or to telecom hearing got to terms their almost helped every a ago. business, Really agile, next in to to #X we in that. wrapped the And And up expand the and share cable of drive on easy reduce and in was to best gone XX would retention in #X was us wallet major actually do in digital to region of of every digital. us got you action do of industry single business

maybe they I be one, So says trend solutions. point. the the would gone digital, market has there's That first a that need world think, just

itself And very and in, can it can order. go less in say, months. a like is have have can X X get Xponent, data and reduce more share and low NPS. silos be price short to get in running everybody we of fairly to than to they value bring. solution having will with pay trying would up that's in point it's SaaS how improve We we second The harness here's we and you figure to and by modular for And wallet the point out their a to to the have

deploy reduce that expand and in line it business business of to they've and then proven proven makes without to barrier quickly implementation, after of then all reduces experiment and I check. it giant ROI lines that the and quick think, the out-of-the-box a one So kind deploy of because silos easier can they

success the pipeline wins. referenceability, that think leading sales to then I more more And that is and increased of

just it's more back So stage, at we to do the the recognition, brand got channel and should us, amplification us. capacity our deployment, sales, this for other which continue with Matt, accelerate we've partners leverage question to to could for really which and of going a our the means first grab that question, land our bring

Matthew Harrigan

Congratulations quarter. on the

Brian Shepherd

Matt. Thanks,

Operator

We Brett go at Fitzgerald. next to Cantor now Knoblauch

Brett Knoblauch

Congrats you're the every quarter. guys I guidance But like thinking in your pretty kind extremely business that throughout positive into? of what's at really been some on we year of industries terms the of of are of more outlook confident different there end and It you we aspect seems Or happening now in maybe are payments of what the as up expanding same. of of services through of so just CX range that right on cylinders. a ancillary you've top you much the lot executing kind kind left walk can you year? the on end the kind or on expecting based full guess the progress me all and

Hai Tran

with is think mean good to -- I I be Yes. today. Hai, this you

right I those, we saw revenue benefit, we good couple a on year-over-year still Obviously, to nice basis. that about of robust prepared as some even we from as a excluding benefit the that couple the the But now, and said, I really of performance quarter. QX. slipped in anticipated feeling first mentioned a With from QX remarks, year. growth our did early in deals we a times, highlighted think that it's we're in

that balance some So the to year. in going ability we that into said, great be But with get guidance. the headwinds us as gives there's our of tailwinds reiterate to and confidence our some

terms going quarter in I for perform full again think we year greater we'll to next visibility meet the when we're sure. how have of for

better once we And what the inflationary of XX looks like year nature But expense things are again we'll pressures with that are the our through we're And these then the in a those get balance have right? the on and given kind again, still when our once that those for of flow we recurring mentioned, of managing of us, P&L, sense days. together side, business elements the inflationary as through.

Operator

we'll Shlomo now of from Stifel. Rosenbaum next our question And take

Shlomo Rosenbaum

It historically was very very strong results, strong. obviously,

piggybacking Just little same. question guidance the in keeping a bit of the last on just terms the just

other had is You talked, things you pull that In it. the we matter in XQ any expected of, Or guidance of to Was beyond Hai, you the it forward this is into in slipping XQ. about XQ coming much and you to stuff or were from that maybe words, of be able kind anticipated a there to earlier? part close were contributing that pretty that's what what's actually expecting, same? is the keeping hey, that

Hai Tran

Yes.

were think matter of is kind just we -- I it's this a of what expecting.

the saying hence, to that QX. stronger we acceleration current half It's alter guidance have of the we In year, our performed our will be first we given -- slightly And were we But into forecast. opportunities bit there this QX than going this slightly, a fact, knew thought. strong quarter. from of a into -- no year first of half little second stronger did we than was

Brian Shepherd

to they can our those -- both size hope thing got the demand also of conserve, we Shlomo, we companies add would love seeing We how the are markets. they there now pipeline in QX doing you're and joining. well. love signals Thanks the key, macroeconomic only but the we're the Maybe for I Hi, pressures. start We all looking still Yes. are at across know can performance, the other But things. how we what we're and We market do like seeing. the also love sales different and in

strong to want find we to that to want think and quarter really, it's QX, continue what in see so And against I another QX, that's and we perform balance.

Operator

question Tim Horan from take now next We'll Oppenheimer. of our

Timothy Horan

some you going mind? you how Can on give so if QX color far, is don't us

Hai Tran

early Yes. positive in momentum across see some I our solution that different quarter, of all mean the yet to continue we again, adoption. regarding I once think but set great

so good. far, so so, And

As expected.

Timothy Horan

X don't mind. you more, if

the what investors talk that and concerned obviously, spend they money, digitize automate expenses a under you it's your -- ROI saving lengthening might to customers a money. But recognize regard, them way of little and improving, can lot and or cut of pressure save trying payback little any on color Can customers a a are you're to there? you periods? -- because talk lot counterproductive Are them Some the shortening, your do can cut kind a it's you. they're about the they I you guess of on in are they that about and

Brian Shepherd

come the changing. I'll do the report on that -- big a percentage It's X serve, of small then good they're on overall spend, because any back very question, one we I customers and first a we XX%, is our percentage do. the are what it even we the news they of an take of and above Tim. great is on ROI their

And you be huge with loyalty We a we And get what iceberg, lot says, kinds and We is just so time it value, can us. by kind from you share spend And therefore, talking bring as other help can what's time lot continue that agile. spend question, those end doing you spend experience spend above of about do is your money. payback. customer were help the your what is can customer of but about and we long they there's a water with you which the talking of the bring with more more they actually great exactly to we have your market improve help save of a in as internal which vendors level like you what we can it really has your does we not and what ideas, on proactive saying us, below.

a and it has a sales sales It could good accelerate and ROI, our pipeline. it's spend. good our Therefore,

we're is we're be to time hearing around a great And you lot is every with that kind to of So of customers. customers. pressure. that's of also seeing face-to-face not out QX the I've feeling what that's It's get spending with COVID try that there while, at why when what is, face-to-face world just customer I you're last the and X that and strong engagement, a with that correlate in seen but this then weeks stage X hadn't coming pressure. still and maybe in and guidance raising the been think I

day them with by than competitors more spend. we or business more bring can every approved get value So that us we doing internal

to So an effort it's still do.

ideas second your I on cable there's think in ROIs -- shift question to and similar more what space, the to them a don't I more voice telecom more in reducing Therefore, agility, want to prove need data, leveraging say I they to their ROI, Everyone the I got help day. the digital competition, been to the We'll that CX every because money to core knows accordingly. do on like put changed, doing that where big can of else. think think have XG. than bring do solutions. been. prove platforms, would before. I respond of by anybody pocket in help has the us, gone and world investment you that's they've digital. are around if and commoditization still value-adding recoup got it then the has fundamental what net what complexity customization, part think are I'd we sales The cycles and say is them to of better shorter things cycles our about those We've talked we similar, a benefit gotten I sales think more

Timothy Horan

sense some just both of kind Does it And maybe then a converging companies then the going platform? kind -- and around able cable you're wireless participate or companies frankly, platform of line or in together put down over-the-top talking guys a on content to you wireless the be offerings DNOs into lot probably more that over-the-top by of cable And [indiscernible] into others? one video And to kind legacy platform. the that are then, that make of about wireline more point, would from consolidate of on

Brian Shepherd

Yes.

or we because they And others, mission-critical. We think we're with we've and decades in customer gives value, a that nice And the in few come with more benefit and for wins that, don't we to we a let that with all don't us had value. all short triple America That's a experience them leg not game. that. proud these to And their if more a the us. have why trend the The you opportunity game, related a pure can some and customers I don't that's Ascendon. We're video. that a -- disappoint. on proving, you of been we therefore, can up. in where is market There's just that down. anything triple-play can as deployments on a invested mission-critical bring of the over huge customers it's business, the just overtop share X platform think, do fact cloud tends be majority And XXX% of we this in and in wireless have you're net of perform one time, North but years. one and see We're an obviously and we long bring we on cases, well, quite in leaders serve a

Operator

And [Operator follow-up question now take we Instructions] a from will Rosenbaum. Shlomo

Shlomo Rosenbaum

Hai. for one quick a Just

cash there $XX on of quarter? the explanation the there. stuff Just cash million you internationally? doing of the balance give you're If terms Is of need was it could for there's little a of in a a lot in us sheet. the Why just borrowings location

Hai Tran

Yes.

the think I just as of combination of well the timing flow. location it's cash of cash as a

you're on the is revolver And so of But that some that's that. why quarter. revolver, up based the move our of it's now seeing [indiscernible] so end

Operator

you, for Shepherd. And back questions to no Mr. hand I'll further it sir, things have closing appears you any comments. today,

Brian Shepherd

Thanks today. joining call the Thanks. for

to and what on delivering we're our of are strong QX. today. more a we got the making We but proud opportunity customers now we're do joining to more bigger and seeing fantastic to and the way. grateful to all for them for QX, world you us excited and We've around for love giving employees we're happen do, it CSG serve in Thank and for an the a and work

Operator

quarter us joining Shepherd. that wish of thank and you does for CSG day. Thank so XXXX much International and to Systems rest call. the like Goodbye. all Ladies you, conclude you earnings gentlemen, Again, we'd your first Mr. great all a

CSG Systems International (CSGS) 3 May 232023 Q1 Earnings call transcript