CSG has bounced back from decliing revenue and equipment sales to post growth in its first half of the current financial year.
The print solutions provider today reported revenues excluding interest of $95.2 million for the first half of the year - a 7.3 percent increase on the same period last year, when CSG reported a fall in revenue from $110.4 million to $91.2 million.
Overall earnings grew by 40.7 percent, and the company is now forecasting an increase in EBITDA of up to 29.3 percent for the full financial year.
While profit was down 3 percent to $5.3 million after tax, the result nevertheless a far cry from two years ago, when the company was being described as "beleaguered".
The company sold its IT solutions business to NEC in 2012, and reported a fall in equipment sales and revenue this time last year.
CSG has also appeared to have found success with its financial solutions arm. It today reported receivables of $138.8 million for the unit, growth of 37 percent since the same period last year. The company expects the finance receivables book to grow to more than $150 million this year.
CSG praised its "highly engaged" sales team for 18.4 percent growth in equipment sales, which it today said it had "transformed" in line with a company-wide overhaul.
Efforts to turnaround CSG's fortunes continue.
"The next six months will be exciting in terms of transforming the business' processes and systems through the rollout of the world-class Salesforce platform, as well as the addition of new products and services," managing director Julie-Ann Kerin said.
The company counts the likes of the Bank of New Zealand and New Zealand Police as new clients, and today said it had "leveraged further contracts" with the Queensland Department of Education, Training and Employment.
The company also expects to "launch" a relationship with Samsung this year.
-1.jpg&w=100&c=1&s=0)
.png&w=100&c=1&s=0)
