Convergys Corp., a provider of customer care, human resources, and billing services, said on Tuesday its first-quarter earnings declined 4 percent, with higher revenue offset by increased costs.
The company’s net income fell to $31.2 million, or 22 cents per share, from $32.5 million or 22 cents per share in the prior year. Quarterly sales increased 11 percent to $637.3 million from $573.9 million, reflecting growth in both its customer management and information management groups.
Analysts surveyed by Thomson Financial expected the company to earn 22 cents per share on revenue of $653.2 million.
For this complete story, please visit Convergys Corp. 1Q Earnings Slide.