Cincinnati — May 1
Convergys Corp., a global provider of customer care, human resources and billing services, has announced its financial results for the first quarter of 2007.
Convergys’ first-quarter revenues of $719.9 million were up 7 percent compared with the first quarter of 2006, reflecting growth from the customer care and employee care segments.
Operating income in the first quarter increased 5 percent to $65.2 million compared with $62.0 million in the prior year.
Significant improvement in operating results at customer care and employee care were partially offset by anticipated declines in information management due to the Cingular migration.
First-quarter net income increased 19 percent to $43.6 million, or 31 cents per diluted share, versus $36.7 million or 26 cents per diluted share in the prior year.
“I am pleased with our solid operating performance in the first quarter of 2007 — our markets are attractive, growing and largely under-penetrated, and we have significant opportunities for future growth,” said Dave Dougherty, who was elected Convergys president and CEO of Convergys by the board of directors April 17. “I am proud to be leading such a talented team of experienced and capable employees. As a leadership team, we’re focused on driving revenue and earnings growth, and we’re committed to delivering record results this year.”
For more information, see http://www.convergys.com.