Potential SaleCSG Systems had been exploring a potential sale for over a year, with NEC Corp considering a bid and the possibility of additional suitors entering the conversation.
Revenue GuidanceManagement is now guiding to the low end of the revenue guidance range due to budget tightening at clients, headwinds in North American broadband markets, and timing on certain services-based.
Subscriber LossesDespite subscriber losses at the top two customer accounts, CSG grew these accounts by 3.4%, primarily driven by the extension and new work with Comcast.