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. http://www.convergys.com
