Convergys reports Q2 adjusted EPS 36c, consensus 36c
Reports Q2 revenue $649.4M, consensus $636.68M. The company said, "We delivered revenue, earnings, and cash flow in the second quarter consistent with our full-year expectation. Revenue decreases narrowed with our largest clients in the communications and technology industries, growth accelerated in the retail vertical, and we experienced strong new business signings that we expect to deliver $163 million in 2019 revenue. During the quarter, we took more actions to rationalize capacity and better align costs to revenues. Based on our solid execution year to date, we continue to anticipate sequential revenue growth and margin expansion in the third quarter and fourth quarter."