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Convergys affirms profit and revenue targets for 2008

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April 29, 2008

NEW YORK—Convergys Corp. affirmed its profit and revenue targets for 2008 on Tuesday after topping analysts' expectations for profit in the first quarter.

Convergys still expects to earn between $1.31 and $1.36 per share in the first quarter. Analysts polled by Thomson Financial, on average, forecast profit of $1.32 per share.

The company expects revenue of $2.85 billion to $3 billion for the year, compared with analysts' average expectation for revenue of $2.89 billion.

Convergys shares slipped 50 cents, or 3 percent, to $15.94 in morning trading Tuesday.

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