CINCINNATI-Happy with his company’s first-quarter 2001 results, Jim Orr, Convergys Corp.’s chairman, president and chief executive officer, explained: “All of our key financial metrics are growing led by increasing subscriber counts and greater outsourcing needs, as well as the expansion of the market for broadband telephony services.”
Convergys finished the quarter with revenues of $577.8 million, up 13 percent from the year-ago quarter’s $513.6 million. The company’s operating income increased 23 percent to $92 million, up from $74.7 million last year. Net income also increased, to $53.5 million from $44.4 million, and earnings per share were 34 cents per share, up 21 percent from last year’s 28 cents per share. Finally, the company reported its cash earnings were up 15 percent, at 38 cents, compared with 33 cents in the year-ago quarter.
“Our commitment to faster growth was made more evident by this quarter’s new business wins, the renewed contract with Sprint PCS, the two new contracts with AT&T, and of course, the Geneva Technology acquisition,” Orr added. “International expansion is a critical component to our continued success and we believe that Geneva will help us to accelerate our international revenue growth.”
