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Convergys reports third quarter results |
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Convergys reported its financial results for the third quarter of 2010, with revenues from operations of $556 million, adjusted  EBITDA from operations of $76 million and income from operations at $35 million or $0.28 per diluted share. Operating income was $35 million and free cash flow was $34 million. Net debt, defined as long-term debt and debt maturing in one year less cash and cash equivalents, was $37 million at the end of the quarter. Jeff Fox, company president and CEO said Convergys clocked several contract wins with new and existing clients across both its businesses, and expects continued margin improvement in the fourth quarter. For 2010, Convergys said it expects customer management revenue of $1.8 billion to $1.85 billion, information management revenue to approximate $350 million and adjusted EBITDA to approximate $300 million. |
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