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CSG Systems provides FY'17 guidance; board ups dividend

CSG Systems International Inc. provided financial guidance for the full year 2017 while reporting its 2016 fourth-quarter earnings.

CSG Systems expects full-year GAAP net income of $61 million to $67 million and EPS of $1.85 to $2.03. The company also anticipates non-GAAP EPS of $2.33 to $2.49 and non-GAAP adjusted EBITDA of $170 million to $179 million. Revenues are expected to be $760 million to $785 million.

The company reported fourth-quarter net income of $12.6 million, or 38 cents per share, down from $23.7 million, or 70 cents per share, in the year-ago period. Non-GAAP net income was $18.9 million, or 57 cents per share, compared with $26.3 million, or 77 cents per share, in the fourth quarter of 2015.

CSG Systems' board declared a quarterly dividend of 19.75 cents per common share, an increase of 7% from the previous payout. The latest dividend is payable March 30 to shareholders of record as of the close of business March 15.