DENVER - CSG (NASDAQ: CSGS) has announced the appointment of industry veteran Saurabh Joshi as its new president of Payments. Joshi's two decades of experience in fintech, e-commerce, and payments are expected to bolster the company's strategic growth and innovation in its Payments division.
Liz Bauer, CSG's chief experience officer, expressed confidence in Joshi's ability to drive growth and operational excellence, citing his track record and customer-centric approach. Joshi is tasked with overseeing CSG's payment solutions portfolio, CSG Forte, focusing on strategic vision, product innovation, revenue growth, and operational improvements.
Joshi's extensive background includes leadership positions at Western Union (NYSE:WU), Better Mortgages, PayPal (NASDAQ:PYPL) Inc., Rocket Internet, and Goldman Sachs. His experience spans technology, revenue management, and strategy functions, where he has been instrumental in driving business growth and customer loyalty.
This move comes at a time when CSG is intensifying its strategic transformation, aiming to capitalize on growth trends and maintain its competitive edge in the payments industry. Joshi's role will involve enhancing CSG Forte's offerings, which include a PCI-compliant digital platform for omnichannel payment processing. The platform currently processes 168 million customer payments annually, totaling over $118 billion for a diverse range of industries.
CSG, known for its customer experience, billing, and payments solutions, provides services to companies of all sizes, helping them to connect with and serve their customers effectively. The company's SaaS solutions are designed to assist leaders in controlling their future while benefiting from the expertise of CSG's global team.
The information in this article is based on a press release statement from CSG.
In other recent news, CSG Systems International (NASDAQ:CSGS), Inc. held its third quarter 2024 earnings conference call, led by John Rea, Head of Investor Relations and Treasurer. The company discussed its projected financial results for the upcoming quarters, emphasizing its commitment to meeting client needs through its products and services. CSG also highlighted the importance of successful integration and management of newly acquired businesses. However, the company acknowledged potential risks and uncertainties that could impact future results. During the Q&A session, further details on CSG's strategies, expectations, and risk factors were discussed. Despite the acknowledged risks, CSG expressed confidence in its forward-looking statements, indicating positive outcomes for its projected financial results and business integrations. These are among the recent developments for CSG Systems International, Inc.
InvestingPro Insights
CSG's appointment of Saurabh Joshi as president of Payments aligns with the company's strong financial performance and market position. According to InvestingPro data, CSG boasts a market capitalization of $1.57 billion and has demonstrated impressive revenue of $1.18 billion over the last twelve months as of Q3 2024. This robust financial foundation provides Joshi with a solid platform to drive growth in the Payments division.
The company's commitment to shareholder value is evident in its dividend history. An InvestingPro Tip reveals that CSG has raised its dividend for 11 consecutive years, reflecting financial stability and a shareholder-friendly approach. This consistent dividend growth, coupled with a current dividend yield of 2.13%, may appeal to income-focused investors.
CSG's stock has shown remarkable momentum, with a 35.66% price total return over the past six months. This performance is underscored by another InvestingPro Tip indicating that the stock is trading near its 52-week high, suggesting strong investor confidence in the company's strategic direction and growth prospects.
For readers interested in a deeper analysis, InvestingPro offers 13 additional tips for CSG, providing a comprehensive view of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.