Convergys Delivers Strong Revenue, Growth

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<p><strong>Cincinnati &mdash; May 1</strong><br />Convergys Corp., a global provider of customer care, human resources and billing services, has announced its financial results for the first quarter of 2007.</p><p>Highlights include:</p><ul><li>Revenue of $719.9 million in the first quarter, up 7 percent.</li><li>Earnings of 31 cents per diluted share, up 19 percent.</li><li>Free cash flow of $41.2 million, up 22 percent.</li><li>Customer care revenue up 8 percent, with operating income up 22 percent.</li><li>Employee care revenue up 24 percent, with operating loss reduced 23 percent.</li></ul><p>Convergys&#39; 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.&nbsp; </p><p>Operating income in the first quarter increased 5 percent to $65.2 million compared with $62.0 million in the prior year.&nbsp; </p><p>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.&nbsp; </p><p>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.<br /><br />&quot;I am pleased with our solid operating performance in the first quarter of 2007 &mdash; our markets are attractive, growing and largely under-penetrated, and we have significant opportunities for future growth,&quot; said Dave Dougherty, who was elected Convergys president and CEO of Convergys by the board of directors April 17. &quot;I am proud to be leading such a talented team of experienced and capable employees. As a leadership team, we&rsquo;re focused on driving revenue and earnings growth, and we&rsquo;re committed to delivering record results this year.&rdquo;</p>

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