OSS-BSS vendor CSG Systems revenue up 1% to $185 million in first quarter

Telecom Lead America: OSS-BSS provider CSG Systems
International has posted 1 percent increase in revenue at $185 million for the
first quarter of 2012 against $183.1 million for the first quarter of 2011, and
$187.6 million for the fourth quarter of 2011.

Operating income for the first quarter of 2012 was $29.0
million compared to $24.1 million  for the same period in 2011.

The increase in operating income margin attributed
primarily to the financial benefits of the restructuring activities undertaken
during 2011.

Cash flows from operations for the quarter were $48.2

During the quarter, CSG repurchased approximately 328,000
shares of its common stock for $5.2 million (weighted-average price of $15.84
per share) under its stock repurchase program.

We are making solid progress on the transformation of
our company into a global provider of business-enabling solutions throughout
our business, whether that be in sales operations or financial performance,”
said Peter Kalan, president and chief executive officer of CSG Systems.

One of our greatest strengths as a company is that our
clients trust doing business with us. By investing in our clients, whether that
be in the relationships or in our solutions, we help our customers solve more
problems and be more competitive.” Kalan added.

CSG works with top 100 global communications service
providers, including leaders in fixed, mobile and next-generation networks such
as AT&T, Comcast, DISH Network, France Telecom, MasterCard, Orange,
T-Mobile, Telefonica, Time Warner Cable, Vodafone, Vivo and Verizon.

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