Convergys delivers record revenue of $2.8 B

Convergys Corp., a global leader in Relationship Management, has announced its financial results for the fourth quarter and full year of 2007.

Convergys’ revenues increased to $2.8443 billion compared with  $2.7898 billion in the same period the previous year.

Growth in revenues from Customer Management and HR Management offset an anticipated decline in Information Management.

Convergys’ operating income was $244.8 million compared to $252.9 million in the previous year. Net income was $169.5 million, or $1.23 per diluted share, compared to $166.2 million, or $1.17 per diluted share, in the previous year.

Fourth quarter revenues were $713.7 million compared with $720 million in the same period the previous year.

“Our 2007 results build on a decade-long record of revenue growth, EPS growth, and positive free cash flow. We’ve grown revenue in nine of the last 10 years, we’ve grown EPS in seven of the last 10 years, and we’ve generated positive free cash flow every year of our 10-year history. Consistent with our 2007 guidance, we delivered $1.23 EPS. Even so, we can do better,” said Dave Dougherty, president and CEO of Convergys.

“In 2008, we’re committed to faster growth with record revenue, record EPS, and strong free cash flow. We’ll accomplish this by accelerating revenue growth in Customer Management, implementing key programs in HR Management, and preserving double-digit profitability in Information Management,” he added.