CSG Systems International Inc. (NASDAQ:CSGS) Q1 2018 Earnings Conference Call - Final Transcript
May 02, 2018 • 05:00 pm ET
Good day, and welcome to the CSG Systems International First Quarter 2018 Earnings Announcement. All participants are in a listen only, a question and answer session will follow today's presentation and instructions will be provided at that time. Today's conference is being recorded.
At this time, I'd like to turn the conference over to Mr. Liz Bauer. Please go ahead.
Thank you, Stephanie, and thanks to everyone for joining us. Today's discussion will contain a number of forward-looking statements. These will include, but are not limited to, statements regarding our projected financial results, our ability to meet our clients' needs through our products, services and performance, and our ability to successfully integrate and manage acquired businesses in order to achieve their expected strategic, operating and financial goals.
While these statements reflect our best current judgment, they are subject to risks and uncertainties that could cause our actual results to differ materially. Please note that these forward-looking statements reflect our opinions only as of the date of this call, and we undertake no obligation to revise or publicly release any revision to these forward-looking statements in light of new or future events. In addition to factors noted during this call, a more comprehensive discussion of our risk factors can be found in today's press release, as well as our most recently filed 10-K and 10-Q, which are all available in the Investor Relations section of our website.
Also we will discuss certain financial information that is not prepared in accordance with GAAP. We believe that these non-GAAP financial measures, when reviewed in conjunction with our GAAP financial measures, provide investors with greater transparency to the information used by our management team in our financial and operational decision-making. For more information regarding our use of non-GAAP financial measures, we refer you to today's earnings release and non-GAAP reconciliation tables on our website, which will also be furnished to the SEC on Form 8-K. With me today on the phone are Bret Griess, our Chief Executive Officer, and Randy Wiese, our Chief Financial Officer.
With that, I'd now like to turn this call over to Bret.
Thank you, Liz, and thank you all for joining us. I'm pleased to report that we delivered record first quarter revenues and non-GAAP earnings. For the first quarter, we grew our revenues by 5% to $202 million, and grew our non-GAAP earnings per share by 11% to $0.69. And finally, we generated cash flows from operations of $30 million and free cash flow of $18 million. Overall, we had a solid start to our year. Randy will review our financial performance in more detail later in the call. As we started this year, I outlined our four key initiatives aimed at creating long-term shareholder value. They include, first, driving revenue growth at or above the industry rate, second, getting broader and deeper in our customers' operations with our proven cloud and SaaS-based solutions, third, investing in our platforms and go-to-market strategies to power our revenue growth and enable