CSG Systems International Inc. (NASDAQ: CSGS) stock surged over 7% in after-hours trading on Wednesday following the company's outstanding fourth quarter and full-year 2024 results. The cloud engagement and revenue management solutions provider delivered across all key financial metrics, beating analysts' expectations and fueling double-digit growth.

For the fourth quarter, the company reported:

• Adjusted earnings per share (EPS) of $1.65, beating estimates of $1.21 by 36% and up 79% year-over-year
• Revenue of $316.7 million, exceeding estimates of $312.8 million and growing 6.5% year-over-year
• Adjusted operating margin of 20.1%, up from 16.1% in Q4 2023

For the full year 2024, CSG Systems posted:

• Adjusted EPS of $4.72, up 27.9% year-over-year
• Revenue of $1.2 billion, representing a 2.4% increase over 2023
• Adjusted operating margin of 18.1%, an improvement from 17.2% in 2023

The stellar results were driven by continued growth in the company's SaaS and related solutions revenue, particularly in key verticals such as broadband, cable, and satellite. Additionally, CSG Systems expanded into new industry verticals, contributing to its revenue diversification and resilience.

In a separate announcement, the company's Board of Directors approved a 7% increase in its quarterly cash dividend, marking the 12th consecutive year of increased dividend payouts. This decision underscores CSG Systems' commitment to delivering shareholder value and its confidence in its long-term growth prospects.

"Team CSG delivered excellent fourth quarter results and built significant momentum for 2025," said Brian Shepherd, President and Chief Executive Officer of CSG Systems. "It was great to see 5% year-over-year organic revenue growth in Q4 on top of very good profitability and free cash flow performance."