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CSG Systems lowers FY'17 guidance

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CSG Systems lowers FY'17 guidance

CSG Systems International Inc. lowered its full-year 2017 GAAP EPS guidance to a range of $1.88 to $1.97 from a previous outlook of $1.93 to $2.09.

GAAP net income is now expected to be $61.9 million to $64.7 million, compared to previous guidance of $64 million to $69 million.

The company still expects non-GAAP EPS to be $2.45 to $2.59. Non-GAAP net income is expected to be in the range of $80.9 million to $85.4 million. Revenues are expected to be in the range of $770 million to $785 million, up from previous guidance of $765 million to $785 million.

CSG Systems reported second-quarter net income of $11.6 million, or 35 cents per share, versus $10.8 million, or 33 cents per share, in the prior-year period.

Non-GAAP net income for the period was $20.6 million, or 62 cents per share, down from $23.0 million, or 70 cents per share, a year ago.