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Convergys provides FY'18 guidance

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Convergys provides FY'18 guidance

Convergys Corp. has provided full-year 2018 guidance, expecting constant-currency revenue decrease of up to 7%, adjusted EBITDA margin to approximate 12.5% and adjusted EPS to decrease up to 10%.

The company expects seasonal sequential decreases in revenue, EBITDA and EPS beginning in the first quarter of 2018 compared with the fourth quarter of 2017, and sequential improvement in quarterly results beginning in the third quarter of 2018.

Convergys also reported fourth-quarter 2017 income from continuing operations, net of tax, of $8.9 million, or 9 cents per share, down from $17.5 million, or 17 cents per share, in the year-ago period.

Adjusted income from continuing operations, net of tax, was $46.9 million, or 47 cents per share, for the quarter, versus $47.6 million, or 47 cents per share, in the prior-year period.

Full-year 2017 income from continuing operations, net of tax, was $121.4 million, or $1.22 per share, compared with $133.0 million, or $1.30 per share, a year ago.

Adjusted income from continuing operations, net of tax, for the year was $187.0 million, or $1.87 per share, compared with $188.6 million, or $1.84 per share, in 2016.