CSG Systems International ( CSGS), an outsourced billing, customer care and print and mail solutions and services provider, said its second-quarter earnings rose 82.6% from the year-ago period, due to recorded loss from discontinued operations in the year-ago period.

The Englewood, Colo.-based company earned $15.61 million, or 33 cents a share, in the quarter, compared with $8.55 million, or 17 cents a share, a year ago. From continuing operations, the company earned 33 cents a share compared with 31 cents a share a year ago. Analysts surveyed by Thomson First Call were expecting earnings of 31 cents a share in the most recent quarter.

Second-quarter revenue was down 1.9% from a year-ago period to $95.05 million as against analysts' expectation of $92.55 million.

The company expects to earn 34 cents a share to 36 cents a share in the third quarter, on revenue of $95 million to $97 million. Full year earnings are expected to be $1.34 a share to $1.38 a share. The company raised lower end of its revenue guidance, and now revenue for the full year is expected to be $377 million to $381 million. Analysts are expecting earnings of 33 cents a share, on revenue of $93.79 million for the third quarter, and earnings of $1.33 a share, on revenue of $375.06 million for the full year.

Second-quarter operating income fell 12% to $21.79 million and operating margin moved down 263 basis points to 22.9%.

By segment, first-quarter revenue from processing and related services segment was down 1% from a year-ago period to $87.72 million and revenue from software, maintenance and services segment was down 10.7% from a year-ago period to $7.34 million.

During the second quarter, the company repurchased about 241,000 shares at a total purchase price of $5.9 million In July, the company announced that its board authorized the repurchase of up to $350 million of the company's outstanding common stock.

"We continue to execute on the objectives that we outlined a year ago,'' said the company. "These objectives include: focusing on our core strengths and maximizing the opportunities that are in front of us; helping our clients be successful; and driving shareholder value by creating a long-term sustainable and profitable business."
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