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| Convergys Announces 2008 Guidance Convergys has announced its financial guidance for 2008 and predicted record revenues and record EPS with continuing strong free cash flow. For 2008, Convergys expects revenues of $2.85 to $3.0 billion and earnings per diluted share of between $1.31 and $1.36. These targets include pre-tax stock-based compensation expense estimated at approximately $25 million. Within this 2008 guidance, Convergys also expects: - Customer Care revenues between $2.0 and $2.1 billion with an operating margin of approximately 10 percent. - Information Management revenues of approximately $625 million with an operating margin in excess of 15 percent. - Employee Care revenues of approximately $250 million with an operating loss of less than $15 million. - Cash flow from operations in excess of $250 million and free cash flow in line with net income. Convergys expects to deliver record revenue and diluted earnings per share of approximately $1.20 in 2007, consistent with the previous guidance contained in the company's most recent 10-Q filing. This guidance excludes potential additional cost actions in the fourth quarter to further streamline the business. write your comments about the article :: © 2007 Computing News :: home page |