Convergys net income up 35% in Q1

Staff writer
19 May 2011

Convergys said its net income for the January-March quarter reached $35 million or $0.28 per diluted share, including a $4 million, or $0.04 per diluted per share, net-of-tax gain on the sale of the finance and accounting business.

This is an increase of about a third from $26 million, or $0.20 per diluted share, including the CEO and HR Management-related charges and non-operating reserve reduction, in the first quarter of 2010.

First-quarter revenue was $545 million, consistent with $546 million in the same period last year.

CEO Jeff Fox said Convergys continues to anticipate revenue growth and margin expansion in the second half of the year.

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