Convergys Corporation (NYSE: CVG), a global leader in customer care, human resources, and billing services, today confirmed the financial guidance it originally provided on January 24, 2006. For 2006, Convergys expects GAAP EPS to be at least $1.07 per share. Included in this amount is non-cash stock compensation expense of $0.13 per share. For the first quarter 2006, Convergys expects GAAP EPS to be $0.24 to $0.25. Included in this amount is non-cash stock compensation expense of $0.03.
Today’s confirmation came in connection with Convergys’ implementation of a new financial reporting structure that was effective with the filing of its 2005 Annual Report on Form 10-K with the Securities and Exchange Commission on March 6, 2006. Convergys is now reporting financial results for three segments: Employee Care, Customer Care, and Information Management Group.