Relationship management solutions provider Convergys Corp. (CVG) will publish its third-quarter results before the market opens today, with analysts forecasting earnings of $0.24 per share on revenues of $654.20 million. This compares with the previous year's adjusted earnings of $0.29 per share and revenues of $676.2 million.
Headquartered in Cincinnati, Ohio, Convergys employs nearly 75,000 employees who serve clients in over 70 countries, speaking more than 35 languages, from 85 contact centers and other facilities across the globe. Convergys, which has been named a Fortune Most Admired Company for nine consecutive years, has more than half of the top 50 Fortune 500 companies as its clients.
For fiscal 2009, the company currently projects adjusted earnings, which excludes HR management-related costs, in the range of $1.00 - $1.10 per share. Analysts are looking for earnings of $1.04 per share on revenues of $2.70 billion for the full year.
Convergys also expects a growth in revenue for HR management segment, while customer management revenues to be flat, but information management revenues to decline for the year.
For the preceding second quarter, the outsourcing firm incurred a net loss of $60.9 million or $0.50 per share, versus a net profit of $40.5 million or $0.32 per share in the prior-year quarter, hurt mainly impairment charges. Revenues dropped to $682.7 million from $689.5 million in the previous year.
Among Convergys' rivals, Amdocs Ltd. (DOX) is slated to announce its final quarter results on November 4, as analysts are expecting earnings of $0.49 per share on revenues of $678.98 million. The company expects fourth-quarter GAAP earnings in the range of $0.34 - $0.39 per share, and non-GAAP earnings of $0.47 - $0.51 per share, with revenues between $670 million and $690 million.
Convergys shares, which have been trading between $4.02 and $11.51 in the past 52 weeks, closed Monday's trading session at $10.66, down 6 cents or 0.56%, on a volume of 1.22 million shares.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.