Tag Archives: CVG

Large Market HR Outsourcing Takes Another Hit

By Mark Stelzner | Published: October 28, 2008
The sheer magnitude of the quarterly write-down is unprecedented in the HR outsourcing industry – $272.9 million.  This is what Convergys Corporation (NYSE: CVG) reported in their quarterly earnings announcement earlier today.   To put that number in perspective, this represents ~40% of CVG’s consolidated revenues for the quarter and is nearly 5x the quarterly [...]
Posted in Finance & Strategy, Human Resources | Also tagged , , , , | 6 Comments