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Convergys updates FY'17 guidance

Convergys Corp. on Aug. 8 updated its outlook for full year 2017.

The company expects an adjusted EBITDA margin of about 12.6%, up from the previous guidance of about 12.5%. Adjusted EPS growth is now projected to be positive 1% to positive 3%, improved from prior guidance of negative 3% to positive 3%.

Convergys reported second-quarter adjusted net income of $46.1 million, or 46 cents per share, compared with $41.6 million, or 41 cents per share, in the year-ago quarter.

Second-quarter net income was $39.8 million, or 40 cents per share, compared with $33.2 million, or 32 cents per share, in the prior-year quarter.