By Telecom Lead Team: CSG Systems
International, a global provider of software- and services-based business
support solutions, has posted 34 percent increase in 2011 income to $734
million from $549 million in 2010.
The substantial increase in revenue
is primarily due to the inclusion of a full quarter and year of financial
results in 2011 from Intec Telecom, acquired on November 30, 2010, as compared
to the inclusion of only one month for the quarter and year ended December 31,
2010.
Revenues for Q4 2011 were $187.6
million, a 22 percent increase compared to $154.1 million in Q4 2010.
Operating income in Q4 2011 was
$27.0 million, or 14.4 percent of total revenues, compared to $20.7 million, or
13.4 percent, for the same period in 2010. Operating income for the full year
2011 was $96.3 million, or 13.1 percent of total revenues, compared to $74.3
million, or 13.5 percent for the full year 2010.
The company said the Intec
acquisition-related charges of $26.2 million for the year ended December 31,
2010 negatively impacted 2010 GAAP EPS by $0.52 per diluted share.
The data center transition expenses
of $20.5 million for the year ended December 31, 2010 negatively impacted 2010
GAAP EPS by $0.40 per diluted share.
In 2011, we continued to strengthen
our position with the leaders in the communications industry by continuing to
invest in our relationships with our clients, add to our deep domain expertise
and product sets, leverage our strong operational expertise on behalf of our
clients and invest in our people so that they can help our clients successfully
execute on their business plans,” said Peter Kalan, president and chief
executive officer of CSG Systems.
