CSG Systems International Inc. (CSGS, Financial) filed Quarterly Report for the period ended 2012-06-30.
Csg Systems International, Inc. has a market cap of $602.5 million; its shares were traded at around $19.65 with a P/E ratio of 8.6 and P/S ratio of 0.8. Csg Systems International, Inc. had an annual average earning growth of 8% over the past 5 years.
Cost of Processing and Related Services. The cost of processing and related services for the: (i) second quarter of 2012 increased 3% to $62.3 million, from $60.8 million for the second quarter of 2011; and (ii) six months ended June 30, 2012 increased 2% to $124.3 million, from $122.1 million for the six months ended June 30, 2011. These increases are mainly attributed to increased data processing costs, discussed above, and is offset to a certain degree by the financial benefits we have achieved as a result of our restructuring activities undertaken during 2011. Total processing and related services cost as a percentage of our processing and related services revenues for the: (i) second quarters of 2012 and 2011 were 46.7% and 47.1%, respectively; and six months ended June 30, 2012 and 2011 were 46.1% and 46.9%, respectively.
Cost of Software, Maintenance and Services. The cost of software, maintenance and services for the: (i) second quarter of 2012 was $30.2 million, relatively consistent when compared to $30.1 million for the second quarter of 2011; and (ii) six months ended June 30, 2012 decreased 2% to $58.2 million, from $59.6 million for the six months ended June 30, 2011. The cost of software, maintenance and services as a percentage of our software, maintenance and services revenues for the: (i) second quarters of 2012 and 2011 were 59.8% and 57.6%, respectively; and (ii) six months ended June 30, 2012 and 2011 were 58.7% and 57.3%, respectively.
R&D Expense. R&D expense for the: (i) second quarter of 2012 was $27.8 million, relatively consistent with $27.9 million for the second quarter of 2011; and (ii) six months ended June 30, 2012 decreased 1% to $55.7 million, from $56.6 million for the six months ended June 30, 2011. As a percentage of total revenues, R&D expense was 15.1% for the second quarter of 2012 compared to 15.4% for the second quarter of 2011. We did not capitalize any development costs during the six months ended June 30, 2012 and 2011.
Operating Income. Operating income and operating income margin percentage for the: (i) second quarter of 2012 was $23.7 million, or 12.9% of total revenues, compared to $22.4 million, or 12.3% of total revenues for the second quarter of 2011; and (ii) six months ended June 30, 2012 was $52.7 million, or 14.3% of total revenues, compared to $46.5 million, or 12.8% of total revenues for the six months ended June 30, 2011. The increase in operating income and operating income margin percentage is primarily attributed to the increase in revenues between periods.
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Csg Systems International, Inc. has a market cap of $602.5 million; its shares were traded at around $19.65 with a P/E ratio of 8.6 and P/S ratio of 0.8. Csg Systems International, Inc. had an annual average earning growth of 8% over the past 5 years.
Highlight of Business Operations:
Total Revenues. Total revenues for the: (i) second quarter of 2012 were $183.9 million, a 1% increase when compared to $181.3 million for the second quarter of 2011; and (ii) six months ended June 30, 2012 increased 1% to $368.9 million, from $364.4 million for the six months ended June 30, 2011. The components of total revenues, discussed in more detail below, are as follows (in thousands):Cost of Processing and Related Services. The cost of processing and related services for the: (i) second quarter of 2012 increased 3% to $62.3 million, from $60.8 million for the second quarter of 2011; and (ii) six months ended June 30, 2012 increased 2% to $124.3 million, from $122.1 million for the six months ended June 30, 2011. These increases are mainly attributed to increased data processing costs, discussed above, and is offset to a certain degree by the financial benefits we have achieved as a result of our restructuring activities undertaken during 2011. Total processing and related services cost as a percentage of our processing and related services revenues for the: (i) second quarters of 2012 and 2011 were 46.7% and 47.1%, respectively; and six months ended June 30, 2012 and 2011 were 46.1% and 46.9%, respectively.
Cost of Software, Maintenance and Services. The cost of software, maintenance and services for the: (i) second quarter of 2012 was $30.2 million, relatively consistent when compared to $30.1 million for the second quarter of 2011; and (ii) six months ended June 30, 2012 decreased 2% to $58.2 million, from $59.6 million for the six months ended June 30, 2011. The cost of software, maintenance and services as a percentage of our software, maintenance and services revenues for the: (i) second quarters of 2012 and 2011 were 59.8% and 57.6%, respectively; and (ii) six months ended June 30, 2012 and 2011 were 58.7% and 57.3%, respectively.
R&D Expense. R&D expense for the: (i) second quarter of 2012 was $27.8 million, relatively consistent with $27.9 million for the second quarter of 2011; and (ii) six months ended June 30, 2012 decreased 1% to $55.7 million, from $56.6 million for the six months ended June 30, 2011. As a percentage of total revenues, R&D expense was 15.1% for the second quarter of 2012 compared to 15.4% for the second quarter of 2011. We did not capitalize any development costs during the six months ended June 30, 2012 and 2011.
Operating Income. Operating income and operating income margin percentage for the: (i) second quarter of 2012 was $23.7 million, or 12.9% of total revenues, compared to $22.4 million, or 12.3% of total revenues for the second quarter of 2011; and (ii) six months ended June 30, 2012 was $52.7 million, or 14.3% of total revenues, compared to $46.5 million, or 12.8% of total revenues for the six months ended June 30, 2011. The increase in operating income and operating income margin percentage is primarily attributed to the increase in revenues between periods.
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