Convergys (NYSE: CVG) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Convergys missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.

Margins contracted across the board.

Revenue details
Convergys booked revenue of $497.5 million. The eight analysts polled by S&P Capital IQ expected revenue of $516.3 million on the same basis. GAAP reported sales were 8.6% lower than the prior-year quarter's $544.6 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.22. The eight earnings estimates compiled by S&P Capital IQ averaged $0.18 per share. GAAP EPS of $0.22 for Q1 were 21% lower than the prior-year quarter's $0.28 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 36.1%, 170 basis points worse than the prior-year quarter. Operating margin was 5.8%, 100 basis points worse than the prior-year quarter. Net margin was 5.2%, 120 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $520.8 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $2.18 billion. The average EPS estimate is $0.87.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 93 members out of 114 rating the stock outperform, and 21 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Convergys a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Convergys is outperform, with an average price target of $15.88.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.