CINCINNATI--May 29, 2007--Convergys Corporation (NYSE:CVG), a global leader in customer care, human resources, and billing services, announced today that it has signed a 10-year agreement with Johnson & Johnson Services, Inc. to provide a variety of human resources (HR) services.
Convergys expects this contract to generate revenues of approximately $1 billion over its 10-year duration. This agreement is expected to have a significant impact on Convergys' revenue and earnings beginning in early 2009.
About Convergys
Convergys Corporation (NYSE: CVG) is a global leader in providing customer care, human resources, and billing services. Convergys combines specialized knowledge and expertise with solid execution to deliver outsourced solutions, consulting services, and software support. Clients in more than 70 countries speaking nearly 35 languages depend on Convergys to manage the increasing complexity and cost of caring for customers and employees. Convergys serves the world's leading companies in many industries including communications, financial services, technology, and consumer products.
Convergys is a member of the S&P 500 and a Fortune Most Admired Company. Headquartered in Cincinnati, Ohio, Convergys has approximately 74,000 employees in 77 customer contact centers, three data centers, and other facilities in the United States, Canada, Latin America, Europe, the Middle East, and Asia. For more information visit www.convergys.com
(Convergys and the Convergys logo are registered trademarks of Convergys Corporation.)
CONTACT: Convergys Corporation
Business and Financial Media -- John Pratt
+1 513-723-3333 or john.pratt[at]convergys.com