Convergys Corporation Reports First Quarter Financial Results.

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Convergys Corporation Reports First Quarter Financial Results.

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CINCINNATI--(BUSINESS WIRE)--April 22, 2003

Convergys Corporation (NYSE:CVG)

IN THE FIRST QUARTER:

-- Revenues decreased 5 percent to $560.4 million versus one year

ago.

-- Operating income decreased to $68.5 million from

$98.5 million.

-- Including pre-tax loss of $9.9 million from the cellular

partnership investment resulting from the settlement of a

lawsuit, GAAP net income decreased to $34.9 million or $0.22

per diluted share versus $59.6 million or $0.35 in 2002.

Convergys Corporation (NYSE:CVG), the global leader in integrated billing, employee care, and customer care services, announced today its financial results for the first quarter of 2003.

Total revenues were $560.4 million compared to $587.5 million reported in the first quarter of 2002. Compared to the fourth quarter of 2002, revenues declined one percent. Operating income decreased 30 percent to $68.5 million from $98.5 million as operat...

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