Convergys grows Q1 net income by a third

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.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.