CSG Systems International posted 1 percent dip in 2013 revenue to $747.5 million. Its net income nosedived 21 percent to $76.7 million.
In the fourth quarter of 2013, CSG Systems reported 2 percent decreased in revenues to $194.5 million. CSG Systems’ net income declined 26 percent to $16.4 million.
Peter Kalan, president and chief executive officer of CSG International, said: “We secured long-term contracts with two of our largest clients, Comcast and Time Warner, providing us with strong visibility into our revenues and cash flows.”
CSG saw further expansion of its Content Direct solution into its cable and satellite clients, movie studios and big box retailers. In 2013, CSG introduced and have secured several long-term contracts for managed services offering with providers around the globe.
The company said the year-over-year annual and quarterly decreases in revenues can be primarily attributed to the impact of the Comcast and Time Warner pricing adjustments that were effective in early 2013, and the divestiture of a non-core print center on July 1, 2013.
