Monday, January 16, 2006

Convergys Reaffirms 2006 EPS Guidance Despite Sprint Nextel Billing Decision

Convergys confirmed that it had been notified by Sprint Nextel of plans to end the Convergys billing relationship over time by migrating subscribers off the legacy Precedent 2000(R) system.

In a statement, Convergys said it remains comfortable with 2006 earnings guidance of at least $1.07 per share, despite the Sprint Nextel decision.

In 2005 Convergys' Information Management Group (IMG) generated approximately $100 million in revenue from Sprint Nextel at profitability levels comparable to the average of the IMG business.


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