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SOFTWARE INDUSTRY NEWS |
Convergys reports second quarter results |
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Relationship management company Convergys has reported its financial results for the second quarter of 2010.
The company's net debt, defined as cash and cash equivalents less long-term debt and debt maturing in one year, was $36 million. Adjusted free cash flow was $79 million.
Outlook For 2010, Convergys expects Customer Management revenue of $1.8 billion to $1.85 billion, Information Management revenue to approximate $350 million, Adjusted EBITDA to approximate $310 million and adjusted free cash flow to exceed $190 million, including approximately $40 million cash from the Cellular Partnerships. |
Revenue from continuing operations was $528 million, compared with $610 million in the same period last year. Adjusted EBITDA was $67 million and income from continuing operations was $11 million, or $0.09 per diluted share.LISTS AND RESEARCH
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