Convergys shows better Q1 earnings, profit

Convergys reported a non-GAAP net income of $26 million in the first quarter of 2012, an increase of 18% YOY. GAAP net income was $21 million, or $0.18 per diluted share, in the current year.
 
Raises 2012 Revenue and Earnings Guidance
 
Total revenue was $498 million, up 7% compared with prior year.
 
Non-GAAP EPS from continuing operations was $0.22 compared while GAAP EPS was $0.18.
 
“We are raising our guidance for the full year to reflect our solid execution,” said CEO Jeff Fox. “In customer management, we are investing to expand our capacity, deliver quality service and win more business.”

In March, Convergys signed a definitive agreement to sell the information management business, which is reported as discontinued operations.

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