Convergys Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Full Year 2018
The company provided earnings guidance for 2018. Adjusted EBITDA margin to approximate 12.5%. Adjusted effective tax rate to approximate 25%, now including provision for withholding taxes in international jurisdictions and other impacts and assumptions related to enactment of the 2017 Tax Cuts and Jobs Act. The company expects a constant currency revenue decrease of up to 7% for 2018. The company expects an adjusted EPS decrease of up to 10% for the full year.