Convergys Q1 Profits Rise 20 Percent

Share this article:
Profits for the first three months of the year at teleservices firm Convergys Corp. were up 20 percent over the same period last year, the company has reported.


Net income for the first quarter was $53.5 million, up from $44.4 million in the first quarter of 2000. Total revenue rose from $513.6 million in the first quarter of 2000 to $577.8 million in the first quarter of this year.


During the first quarter, Convergys renewed a contract with wireless provider Sprint PCS and won two new contracts with AT&T. The company also bought Geneva Technology Ltd., a CRM software maker based in the United Kingdom.


Convergys has pursued an aggressive growth strategy and has had a good start this year, said Jim Orr, the company's chairman, president and CEO, adding that the tough economy has forced many companies to strengthen their focus on customer relationships and service.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

MeritDirect Opens San Jose Office

MeritDirect Opens San Jose Office

A force in direct mail, the company looks to expand its digital data services with a footprint in Silicon Valley.

Neustar Decides to Hand Data Over to its Clients

Neustar Decides to Hand Data Over to its ...

AK Media Insights Pro turns data over to marketers to create business-specific aggregations, integrate offline efforts, and probe deeper into their sales funnels.

Arthur Hughes, Who Wrote the Book on Database Marketing, Dies at 86

Arthur Hughes, Who Wrote the Book on Database ...

First published in the early days of the Web, Arthur Middleton Hughes's Strategic Database Marketing remains a bible for direct marketers.