CTG - Earnings announcements

Cegeka and CTG work toward Completion of Regulatory Requirements to Complete Acquisition Cegeka and CTG signed an agreement on August 9, 2023, for Cegeka to purchase CTG for $10.50 per share in a cash transaction valued at approximately $170 million.IT Solutions and Services segments represent 87% of total revenue in the third quarter, CTG's highest level to date. Revenue of $71.3 million reflected intentional disengagement of $11.8 million from non-strategic technology services business.Gross margin improved to 27.3%, or 300 basis points from the prior year.GAAP operating margin was (0.8)% in third quarter; non-GAAP operating margin was 3.7%Net loss was ($0.9) million, with a net margin

Cegeka to acquire CTG for $10.50 per share in a cash transaction valued at approximately $170 million. See the separate press release issued earlier today that announced this transaction.Software Engineering revenue in the second quarter of more than $30 million with gross margin of 32.7%IT Solutions and Services segments represent 86% of total revenue in the second quarter, CTG's highest level to date IT Solutions and Services segments gross margin improved 170 basis points year-over-yearRevenue of $74.6 million reflected intentional disengagement of $15.1 million from non-strategic technology services businessGross margin improved to 28.1%, or 420 basis points from the prior yearGAAP opera

BUFFALO, N.Y., Aug. 02, 2023 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leader in North America and Western Europe helping companies employ digital IT solutions and services to drive productivity and profitability, announced that it will release its second quarter 2023 results before the opening of financial markets on Wednesday, August 9, 2023. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer session will follow. Second Quarter 2023 Conference Call Date:Wednesday, August 9, 2023 Time:11:00 a.m. Eastern Time Phone:+1 844 826 3035 Webcast:https://investors.ctg.com A telepho

Software Engineering revenue in the first quarter of more than $30 million with gross margin of 31.8%Revenue of $78.2 million reflected intentional disengagement of $11.6 million from non-strategic technology services businessSigned one of the largest IT Solutions engagements in North America with expected revenue of $20 million over next two yearsIT Solutions and Services segments represent 81% of total revenue in the first quarter IT Solutions and Services segments gross margin improved 130 basis points year-over-yearGAAP operating margin was 0.9% in first quarter; non-GAAP operating margin was 2.7%Net income was $0.3 million, with a margin of 0.4%; adjusted EBITDA was $2.8 million, with a

BUFFALO, N.Y., April 25, 2023 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leader in helping companies employ digital IT solutions and services to drive productivity and profitability in North America and Western Europe, announced that it will release its first quarter 2023 results before the opening of financial markets on Tuesday, May 9, 2023. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer session will follow. First Quarter 2023 Conference Call Date: Tuesday, May 9, 2023Time:   11:00 a.m. Eastern TimePhone:  +1 844 826 3035Webcast: https://investors.ctg.com    A telephon

Within IT Solutions and Services segments, an area of focus is Software Engineering, where revenue totaled more than $100 million for 2022, and fourth quarter gross margins exceeded 34%Consolidated operating margin was 3.1% in the fourth quarter; non-GAAP operating margin expanded 30 basis points to 5.1%Achieved fourth quarter net income of $1.2 million with a net margin of 1.6%; Adjusted EBITDA was $4.8 million with a margin of 6.2%, up 40 basis pointsRemain on track to achieve goal of approximately 7% Adjusted EBITDA margin by year end 2023Full year 2022 revenue was $325.1 million with gross margin of 24.6%, net margin of 2.0%, Adjusted EBITDA margin of 5.3%, up 70 basis points, and dilute

BUFFALO, N.Y., Feb. 09, 2023 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leader in helping companies employ digital IT solutions and services to drive productivity and profitability in North America and Western Europe, announced that it will release its fourth quarter and full year 2022 results before the opening of financial markets on Thursday, February 23, 2023. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer session will follow. Fourth Quarter and Full Year 2022 Conference CallDate: Thursday, February 23, 2023Time:   11:00 a.m. Eastern TimePhone: +1 877 704 4453Webc

Improved mix of business as a result of digital transformation strategy drove gross margin expansion of 190 basis points to 24.3% on revenue of $75.0 million. Revenue relatively unchanged year-over-year on a constant currency basis and excluding intentional disengagement of lower margin Non-Strategic Technology Services business.North America and Europe IT Solutions and Services segments revenue increased on a constant currency basis and considering the impact in the prior year of the large training, implementation, and support engagement for a health system in North America.North America and Europe IT Solutions and Services segments delivered combined gross margin of 29.1%, an increase of 1

BUFFALO, N.Y., Oct. 25, 2022 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leader in helping companies employ digital IT solutions and services to drive productivity and profitability in North America and Western Europe, announced that it will release its third quarter 2022 results before the opening of financial markets on Tuesday, November 8, 2022. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer session will follow. Third Quarter 2022 Conference Call Date:Tuesday, November 8, 2022 Time:11:00 a.m. Eastern Time Phone:+1 877 704 4453 Webcast:www.ctg.com A telephonic r

North America IT Solutions and Services revenue grew 21.3%, partially offsetting an intentional decline pursuant to our strategy of $6.1 million in Non-Strategic Technology Services, and a $4.9 million revenue decline from foreign currency exchange headwinds Gross margin expanded 180 basis points to 23.9%, the highest level in more than 10 years; two-year gross margin improvement was 290 basis pointsOperating margin was 3.8% and non-GAAP operating margin was 4.2%, increases of 80 and 100 basis points, respectivelyNet income increased 11.3%, and adjusted EBITDA increased to 5.1%, an increase of 70 basis pointsSecond quarter GAAP diluted EPS of $0.13 increased $0.01, or 8%, despite lower cons

BUFFALO, N.Y., July 21, 2022 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leader in helping companies employ digital IT solutions and services to drive productivity and profitability in North America and Western Europe, announced that it will release its second quarter 2022 results before the opening of financial markets on Thursday, August 4, 2022. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer session will follow. Second Quarter 2022 Conference Call Date:Thursday, August 4, 2022 Time:11:00 a.m. Eastern Time Phone:+1 877 704 4453 Webcast: www.ctg.com A telephonic

North America IT Solutions and Services grew 10.7%, helping to offset $6.2 million revenue decline from intentional reduction in Non-Strategic Technology Services and $3.1 million impact from foreign currency exchange headwindsGross margin expanded 160 basis points in the first quarter to 23.0%, driven by successful execution of strategy to improve business mix; two-year gross margin improvement of 340 basis pointsGAAP operating income for the quarter increased 52.5%; operating margin was 3.6%, an increase of 142 basis pointsFirst quarter GAAP diluted EPS of $0.15 increased $0.05, or 50% Pipeline of opportunities in digital solutions continued to expand; awarded largest multi-year solutions

BUFFALO, N.Y., April 26, 2022 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leader in helping companies employ digital IT solutions and services to drive productivity and profitability in North America and Western Europe, announced that it will release its first quarter 2022 results before the opening of financial markets on Tuesday, May 10, 2022. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer session will follow. First Quarter 2022 Conference Call Date: Tuesday, May 10, 2022Time: 11:00 a.m. Eastern TimePhone: +1 877 704 4453Webcast: www.ctg.com A telephonic replay w

Delivered 7.2% annual revenue growth to $392.3 million in 2021, despite a reduction of $21.9 million of less profitable Non-Strategic Technology Services revenueEfficient execution of large training, implementation, and support engagement for a health system in North America drove better than expected fourth quarter results for North America IT Solutions and Services segment with $45.1 million in revenue - more than double prior-year periodGross margin expanded 100 basis points in the fourth quarter to 22.3% from increased contributions of IT solutions and services and continued disengagement from lower margin non-strategic technology services GAAP operating income for the quarter increased

BUFFALO, N.Y., Feb. 08, 2022 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leading provider of digital IT solutions and services in North America and Western Europe, announced that it will release its fourth quarter and full year 2021 results before the opening of financial markets on Tuesday, February 22, 2022. The Company will host a conference call and webcast to review the financial and operating results for the period. A question-and-answer session will follow.  Fourth Quarter and Full Year 2021 Conference Call  Date:Tuesday, February 22, 2022  Time:11:00 a.m. Eastern Time  Phone:+1 844 291 6362 and enter access code 1361242   Webcast and accompanying slide presentation: www.ct

Solutions Revenue Increased 12% Year-over-Year, Representing 46% of Total Revenue GAAP Operating Profit Increased 48% Year-over-Year GAAP Operating Margin Increased 90 Basis Points Year-over-Year to 3.0% Achieved GAAP EPS of $0.11 and non-GAAP EPS of $0.13 BUFFALO, N.Y., Nov. 09, 2021 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG), a leading provider of digital IT services and solutions in North America and Western Europe, today announced its financial results for the third quarter ended October 1, 2021. Third Quarter Financial Summary Solutions revenue increased 11.7% year-over-year to $41.3 million or 45.6% of total revenue, compared with $37.0 million or 41.7% of total revenue in the year-

BUFFALO, N.Y., Oct. 14, 2021 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG), a leading provider of digital IT services and solutions in North America and Western Europe, today announced it will release third quarter 2021 financial results on Tuesday, November 9, 2021, before the market opens, followed by a conference call to discuss the Company's financial results and business outlook at 11:00 a.m. Eastern Time. Interested parties can dial +1 877 226 8189 or +1 409 207 6980 beforehand and enter the conference access code 6073339. A live audio webcast will also be available in the Investors section of CTG's website: www.ctg.com. A telephone replay of the conference call will be available approxima

Revenue Increased 12% Year-over-Year Solutions Revenue Increased 25% Year-over-Year, Representing 44% of Total Revenue GAAP EPS Increased 25% Year-over-Year to $0.10 Achieved non-GAAP EPS of $0.13, up 30% Year-over-Year BUFFALO, N.Y., April 29, 2021 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG), a leading provider of digital IT services and solutions in North America and Western Europe, today announced its financial results for the first quarter ended April 2, 2021. First Quarter Financial Summary Total revenue increased 11.7% year-over-year to $97.1 million, compared with $86.9 million in the first quarter of 2020Solutions revenue increased 25.3% year-over-year to $43.1 million, or 44.3% of

Solutions Revenue Increased 22% Sequentially, Expanding to 42% of Total Revenue Operating Margin Increased 120 Basis Points Sequentially and 90 Basis Points Year-over-Year; Highest Level in Five Years Achieved Fourth Quarter GAAP EPS of $0.13; non-GAAP EPS of $0.14 Full Year GAAP and non-GAAP Net Income Increased 85% and 34%, Respectively Achieved Full Year GAAP EPS of $0.53; non-GAAP EPS of $0.52 BUFFALO, N.Y., Feb. 23, 2021 (GLOBE NEWSWIRE) -- CTG (NASDAQ: CTG), a leading provider of digital IT solutions and services in North America and Western Europe, today announced its financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter Financial Summa