CSG Systems rises 12% after extending contract with Comcast
CSG Systems International Inc. (Nasdaq:CSGS) is up almost 12% today after the company announced ahead of the opening it had extended its contract with Comcast through 2012. CSG Systems provides customer interaction management solutions. The products and services provided to Comcast are consistent with the previous contract, CSG Systems said.
“Under the new agreement, we can continue to deliver technology, solutions and service to Comcast, while also providing Comcast the flexibility to adjust the scope of the relationship based on market demands and business needs,” said Peter Kalan, CEO of CSG Systems, in a statement.
In addition, the company said the Comcast agreement will help it achieve its previous guidance estimates for 2008.
In today’s trading, shares of CSG Systems are at $12.90 at 10:36 a.m. ET, up $1.40 from Friday’s close.
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